New Morningstar Analyst Report - Brinker International

After a decade of rapid expansion and portfolio diversification, Brinker has spent the last few years paring back its store base by selling off chains like On the Border, Macaroni Grill, and Corner Bakery. We believe this is a strategic move because the firm can now focus on its core flagship chain Chili's Grill & Bar and Italian restaurant concept Maggiano's. While competition remains tough in the crowded domestic casual dining space, we believe Brinker has ample opportunities for growth in international markets.