Brinker International, Inc. (NYSE: EAT) is 76.15% higher on its value in year-to-date trading and has touched a low of $28.23 and a high of $79.85 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 $77.16 in the last trading session, with the day’s loss setting it -1.1%.
Currently trading at $76.06, the stock is 5.00% and 11.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.11 million and changing -1.43% at the moment leaves the stock 35.48% off its SMA200. EAT registered 157.13% gain for a year compared to 6-month gain of 60.26%. The firm has a 50-day simple moving average (SMA 50) of $68.6742 and a 200-day simple moving average (SMA200) of $56.3246.
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The stock witnessed a 6.84% loss in the last 1 month and extending the period to 3 months gives it a 4.38%, and is 2.67% 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 2.65% over the week and 3.51% over the month.
Brinker International, Inc. (EAT) has around 68852 employees, a market worth around $3.42B and $4.42B in sales. Current P/E ratio is 22.30 and Fwd P/E is 14.60. Profit margin for the company is 3.52%. Distance from 52-week low is 169.43% and -4.75% from its 52-week high. The company has generated returns on investments over the last 12 months (8.13%).
Brinker International, Inc. quarterly earnings per share for the current quarter are estimated at 0.62 with sales reaching $1.08B over the same period.The EPS is expected to grow by 14.51% this year, but quarterly earnings will post 4.00% year-over-year. Quarterly sales are estimated to grow 7.40% in year-over-year returns.
388.0 institutions hold shares in Brinker International, Inc. (EAT), with institutional investors hold 114.17% of the company’s shares. The shares outstanding are 45.00M, and float is at 44.14M with Short Float at 16.85%. Institutions hold 112.40% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 6.86 million shares valued at $496.5 million. The investor’s holdings represent 15.4823 of the EAT Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.3 million shares valued at $383.4 million to account for 11.9555 of the shares outstanding. The other top investors are FMR LLC which holds 4.06 million shares representing 9.1748 and valued at over $294.22 million, while FRANKLIN RESOURCES INC holds 5.5421 of the shares totaling 2.46 million with a market value of $177.73 million.
Brinker International, Inc. (EAT) Insider Activity
Brinker International, Inc. disclosed in a document filed with the SEC on Jun 05 ’24 that Comings Douglas N. (SVP & COO, Chili’s) sold a total of 2,953 shares of the company’s common stock. The trade occurred on Jun 05 ’24 and was made at $72.97 per share for $0.22 million. Following the transaction, the insider now directly holds 38164.0 shares of the EAT stock.
Still, SEC filings show that on May 30 ’24, Fuller Daniel S (SVP, Chief Legal Officer) disposed off 3,611 shares at an average price of $69.04 for $0.25 million. The insider now directly holds 34,764 shares of Brinker International, Inc. (EAT).
