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New Big Money Means Brinker International, Inc. (EAT) Investors Could Reap Benefit

Brinker International, Inc. (NYSE: EAT) is 72.39% higher on its value in year-to-date trading and has touched a low of $28.23 and a high of $76.02 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 $72.87 in the last trading session, with the day’s gains setting it 1.57%.

Currently trading at $74.44, the stock is 6.01% and 20.75% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.85 million and changing 2.15% at the moment leaves the stock 64.75% off its SMA200. EAT registered 107.93% gain for a year compared to 6-month gain of 67.96%.

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The stock witnessed a 9.66% loss in the last 1 month and extending the period to 3 months gives it a 51.83%, and is 4.18% 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 3.28% over the week and 3.17% over the month.

Brinker International, Inc. (EAT) has around 64323 employees, a market worth around $3.31B and $4.28B in sales. Current P/E ratio is 22.09 and Fwd P/E is 16.46. Profit margin for the company is 3.55%. Distance from 52-week low is 163.69% and -2.08% from its 52-week high. The company has generated returns on investments over the last 12 months (8.20%).

The EPS is expected to grow by 42.06% this year

The shares outstanding are 44.60M, and float is at 43.73M with Short Float at 16.37%.

Brinker International, Inc. (EAT) Insider Activity

The most recent transaction is an insider sale by Comings Douglas N., the company’s SVP & COO, Chili’s. SEC filings show that Comings Douglas N. sold 2,953 shares of the company’s common stock on Jun 05 ’24 at a price of $72.97 per share for a total of $0.22 million. Following the sale, the insider now owns 38164.0 shares.

Brinker International, Inc. disclosed in a document filed with the SEC on May 30 ’24 that Fuller Daniel S (SVP, Chief Legal Officer) sold a total of 3,611 shares of the company’s common stock. The trade occurred on May 30 ’24 and was made at $69.04 per share for $0.25 million. Following the transaction, the insider now directly holds 34764.0 shares of the EAT stock.

Still, SEC filings show that on May 29 ’24, Comings Douglas N. (SVP & COO, Chili’s) disposed off 10,000 shares at an average price of $68.31 for $0.68 million. The insider now directly holds 38,164 shares of Brinker International, Inc. (EAT).

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