Brinker International, Inc. (NYSE:EAT) is one of the stocks Jim Cramer recently talked about. A caller asked if they should buy more, hold or sell the stock, and Cramer responded:
“Oh, you know what? I mentioned Brinker just this morning when I was on Squawk on the Street, and now the stock is up nine. It’s up so many points in the last few days that I’ll tell you… it’s too risky, and I think… everyone. But I’m not going to let you come here and then say, Jim, why didn’t you tell me the stock was up? So let’s just skip that right now as much as I like it.”
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Brinker International, Inc. (NYSE:EAT) owns, operates and franchises casual dining restaurants under the Chili’s Grill & Bar and Maggiano’s Little Italy brands. During the November 10 episode, a caller expressed his intention to invest in stocks and Cramer responded:
“I think it’s the right level to buy Brinker, but you have to understand that 10 times earnings does matter. But the restaurant group is radically unfashionable. So if you’re going to buy some, say, you want to buy 100 shares? You buy 25 here and then you have to wait. I won’t approve of buying more at this level.”
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Disclosure: None. This article was originally published in Internal jumpsuit.