Jim Cramer on Brinker: “We’re Going to Pass on That One Right Now as Much as I Like It”

“Oh, you cognize what? I mentioned Brinker conscionable this precise greeting erstwhile I was connected Squawk connected the Street, and present the banal is up nine. It’s been up truthful galore points successful the past fewer days that I volition archer you… it’s excessively risky, and I think… the satellite of it. But I’m not going to person you travel successful present and past say, Jim, wherefore didn’t you archer maine the banal was consecutive up? So we’re going to walk connected that 1 close present arsenic overmuch arsenic I similar it.”

Photo by Adam Nowakowski connected Unsplash

Brinker International, Inc. (NYSE:EAT) owns, operates, and franchises casual eating restaurants nether the Chili’s Grill & Bar and Maggiano’s Little Italy brands. During the November 10 episode, a caller expressed their volition to put successful the stock, and Cramer replied:

“I deliberation it’s the close level to bargain Brinker, but you person to understand, 10 times net does matter. But the edifice radical is radically retired of fashion. So if you’re going to bargain some, let’s say, you privation to bargain 100 shares? You bargain 25 here, and past you person to wait. I volition not authorisation buying much astatine this level.”

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