On Wednesday, Brinker International got an upgrade for its IBD SmartSelect Composite Rating from 94 to 97.
The new score means the company is now outperforming 97% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
Brinker International is currently extended beyond a proper buy zone after clearing the 73.68 entry in a cup with handle.
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The stock sports a 96 EPS Rating, meaning its recent quarterly and annual earnings growth tops 96% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q2, the company reported 183% EPS growth. Revenue growth increased 26%, up from 12% in the prior quarter. That marks one quarter of increasing revenue growth.
Brinker International earns the No. 4 rank among its peers in the Retail-Restaurants industry group. Dutch Bros is the top-ranked stock within the group.
