Brinker International, Inc. (NYSE: EAT) is 16.16% higher on its value in year-to-date trading and has touched a low of $28.23 and a high of $51.72 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EAT stock was last observed hovering at around $49.67 in the last trading session, with the day’s gains setting it 0.49%.
Currently trading at $50.16, the stock is 4.43% and 9.95% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing 0.99% at the moment leaves the stock 30.88% off its SMA200. EAT registered 32.00% gain for a year compared to 6-month gain of 60.00%. The firm has a 50-day simple moving average (SMA 50) of $1.00 and a 200-day simple moving average (SMA200) of $11.26.
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The stock witnessed a 7.23% loss in the last 1 month and extending the period to 3 months gives it a 19.23%, and is 5.69% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.95% over the week and 3.10% over the month.
Brinker International, Inc. (EAT) has around 64323 employees, a market worth around $2.22B and $4.25B in sales. Current P/E ratio is 14.68 and Fwd P/E is 12.36. Profit margin for the company is 3.63%. Distance from 52-week low is 77.68% and -3.02% from its 52-week high. The company has generated returns on investments over the last 12 months (8.29%).
Brinker International, Inc. quarterly earnings per share for the current quarter are estimated at $1.14 with sales reaching $1.12B over the same period.The EPS is expected to grow by 29.55% this year, but quarterly earnings will post 4.90% year-over-year.
329 institutions hold shares in Brinker International, Inc. (EAT), with institutional investors hold 109.57% of the company’s shares. The shares outstanding are 44.60M, and float is at 43.51M with Short Float at 14.36%. Institutions hold 108.04% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 7.04 million shares valued at $257.73 million. The investor’s holdings represent 15.94% of the EAT Shares outstanding. As of Jun 29, 2023, the second largest holder is FMR, LLC with 6.64 million shares valued at $243.01 million to account for 15.03% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 5.39 million shares representing 12.20% and valued at over $197.31 million, while Franklin Resources, Inc. holds 5.79% of the shares totaling 2.56 million with a market value of $93.56 million.
Brinker International, Inc. (EAT) Insider Activity
The most recent transaction is an insider sale by Taylor Joseph G, the company’s EVP & CFO. SEC filings show that Taylor Joseph G sold 24,163 shares of the company’s common stock on Feb 02 ’24 at a price of $44.97 per share for a total of $1.09 million. Following the sale, the insider now owns 56661.0 shares.
Brinker International, Inc. disclosed in a document filed with the SEC on Dec 12 ’23 that Taylor Joseph G (EVP & CFO) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Dec 12 ’23 and was made at $41.21 per share for $0.21 million. Following the transaction, the insider now directly holds 66286.0 shares of the EAT stock.
Still, SEC filings show that on Dec 11 ’23, Comings Douglas N. (SVP & COO, Chili’s) disposed off 14,951 shares at an average price of $40.76 for $0.61 million. The insider now directly holds 37,604 shares of Brinker International, Inc. (EAT).
