While Brinker International, Inc. has overperformed by 1.37%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EAT rose by 183.27%, with highs and lows ranging from $91.21 to $30.69, whereas the simple moving average jumped by 52.96% in the last 200 days.
On October 10, 2024, BofA Securities Upgraded Brinker International, Inc. (NYSE: EAT) to Neutral. A report published by Argus on October 01, 2024, Downgraded its rating to ‘Hold’ for EAT. KeyBanc Capital Markets also Upgraded EAT shares as ‘Overweight’, setting a target price of $72 on the company’s shares in a report dated August 15, 2024. Raymond James July 08, 2024d the rating to Outperform on July 08, 2024, and set its price target from $62 to $82.50. Argus May 21, 2024d its ‘Hold’ rating to ‘Buy’ for EAT, as published in its report on May 21, 2024. Gordon Haskett’s report from January 16, 2024 suggests a price prediction of $48 for EAT shares, giving the stock a ‘Buy’ rating. Morgan Stanley also rated the stock as ‘Underweight’.
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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.
Brinker International, Inc.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. 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.
The average volume for any stock is also a very valuable indicator of volatility, and EAT has an average volume of 1.55M. On a monthly basis, the volatility of the stock is set at 3.23%, whereas on a weekly basis, it is put at 3.00%, with a gain of 9.40% over the past seven days. Furthermore, long-term investors anticipate a median target price of $72.56, showing decline from the present price of $90.76, 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?
Restaurants giant Brinker International, Inc. (EAT) is based in the USA and is one of the largest companies in the market. 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 26.61, there is a growth in quarterly earnings of 3.44%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 1.71%. 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 109.80% 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 109.80% at present.
