While Brinker International, Inc. has underperformed by -1.48%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EAT rose by 137.89%, with highs and lows ranging from $76.02 to $28.23, whereas the simple moving average jumped by 34.27% in the last 200 days.
On August 15, 2024, KeyBanc Capital Markets Upgraded Brinker International, Inc. (NYSE: EAT) to Overweight. A report published by Raymond James on July 08, 2024, Downgraded its rating to ‘Outperform’ for EAT. Argus also Upgraded EAT shares as ‘Buy’, setting a target price of $72 on the company’s shares in a report dated May 21, 2024. Morgan Stanley January 16, 2024d its ‘Equal-Weight’ rating to ‘Underweight’ for EAT, as published in its report on January 16, 2024. Raymond James’s report from October 18, 2023 suggests a price prediction of $40 for EAT shares, giving the stock a ‘Strong Buy’ rating. Stifel also rated the stock as ‘Buy’.
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Analysis of Brinker International, Inc. (EAT)
Further, the quarter-over-quarter increase in sales is 12.34%, showing a positive trend in the upcoming months.
One of the most important indicators of Brinker International, Inc.’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. Taking into account the quick ratio of the company, currently set at 0.23, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and EAT is recording 1.73M average volume. On a monthly basis, the volatility of the stock is set at 3.83%, whereas on a weekly basis, it is put at 3.65%, with a gain of 5.84% over the past seven days. Furthermore, long-term investors anticipate a median target price of $67.75, showing decline from the present price of $74.08, which can serve as yet another indication of whether EAT is worth investing in or should be passed over.
How Do You Analyze Brinker International, Inc. Shares?
The Restaurants market is dominated by Brinker International, Inc. (EAT) based in the USA. When comparing Brinker International, Inc. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 21.72, there is a growth in quarterly earnings of 3.44%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.82%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 109.31% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
EAT shares are owned by institutional investors to the tune of 109.31% at present.
