While Brinker International, Inc has overperformed by 0.82%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EAT rose by 218.81%, with highs and lows ranging from $123.66 to $34.77, whereas the simple moving average jumped by 76.81% in the last 200 days.
On October 31, 2024, JP Morgan Downgraded Brinker International, Inc (NYSE: EAT) to Neutral. A report published by BMO Capital Markets on October 31, 2024, Downgraded its rating to ‘Market Perform’ for EAT. BofA Securities October 10, 2024d the rating to Neutral on October 10, 2024, and set its price target from $63 to $90. Argus October 01, 2024d its ‘Buy’ rating to ‘Hold’ for EAT, as published in its report on October 01, 2024. KeyBanc Capital Markets’s report from August 15, 2024 suggests a price prediction of $72 for EAT shares, giving the stock a ‘Overweight’ rating. Raymond James also rated the stock as ‘Outperform’.
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Analysis of Brinker International, Inc (EAT)
Further, the quarter-over-quarter increase in sales is 12.49%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Brinker International, Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. Taking into account the quick ratio of the company, currently set at 0.17, 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.
An average volume of 1.36M can be a very valuable indicator of volatility for EAT stock. On a monthly basis, the volatility of the stock is set at 3.36%, whereas on a weekly basis, it is put at 3.03%, with a gain of 2.24% over the past seven days. Furthermore, long-term investors anticipate a median target price of $104.67, showing decline from the present price of $117.45, 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 USA based company Brinker International, Inc (EAT) is one of the biggest names in Restaurants. 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 28.71, there is a growth in quarterly earnings of 428.88%.
In addition to the fundamentals, you should also consider how many employees own shares in 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 1.71%. 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 110.63% 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 110.63% at present.
