The Brinker International, Inc. (NYSE:EAT) is going down by -3.70% in today’s trading session, a fall equivalent to -1.43% of the stock’s price from yesterday’s market close. A news came out 20 hours ago stating that Brinker Bets Delivery Will Drive Sales Growth by WSJ. The lowest point that the shares touched during the trading session was $37.50, while the peak of the day was recorded at a share price of $41.025. EAT finished the previous session at $38.64 according to the data provided by Barchart, while the trading volume was observed to be $1,344,438.
In the 100 days of trading, EAT managed to top a 40.76% Moving average. Additionally, Brinker International, Inc. shares have achieved a 52-week range between 36.82 and 53.61 alongside 100 days raw stochastic set at 9.47%.
The number of shares outstanding, according to the fundamentals of the company, is set at 37.24M, equal to the value of $1.44B in market capitalization. Financial analysts indicate that EAT shares should be still ranked as a “Hold”. In the last 30 days, Brinker International, Inc. shares went down by -9.59%, adding 41.23 to growth in value, on top of a +2.29% boost since 07/12/19.
Brinker International, Inc. (NYSE:EAT) Analyst’s Estimates
Brinker International, Inc. (EAT) could record at least $1.34 per share in quarterly earnings in the upcoming report on 10/22/2019, a number that would actually represent an increase of 2.69% YOY.
According to the average analyst rating, Brinker International, Inc. would be rated as 2.77. Out of 22 different analysts monitoring EAT stock, 2 analysts rate the stock as a BUY, 13 suggest to give the rating of HOLD, 4 indicate that EAT is an OUTPERFORM, 0 rated the stock as a SELL, and 3 analyst believes that the stock should be rated as UNDERPERFORM.
On Jul-23-19, the stock earned a Initiated rating due to a new analyst call from KeyBanc Capital Markets, while analysts from JP Morgan believe that the stock is set at Overweight from Neutral, as concluded on Jul-15-19. Deutsche Bank, is still rather wary about the stock, deciding to keep the rating at Hold as confirmed through a call on Jun-28-19.
Regardless of the rating, Telsey Advisory Group did increase their price to $47 as they are considering target share price analysis. Evercore ISI, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Jun-12-19, giving the stock a In-line rating.
EAT Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +12.65% has been attained, while the operating margin has been recorded at +8.25%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 8.97%. Beta value of the stock is recorded at 0.22. Additionally, Brinker International, Inc. is recording price volatility of 4.41% for the period of the last seven days and 3.12% in the last 30 days.
Brinker International, Inc. (NYSE:EAT) Technical Outlook
For the period of the last 50 days, Brinker International, Inc. had its Raw Stochastic average set at 17.43% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 17.43%. Stochastic %K for Brinker International, Inc., with the last 20 days included, was set at 35.28%, having Stochastic %D topping 47.16%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Brinker International, Inc. stocks with recording -12.54% in metrics.
Brinker International, Inc. Insider Watch:
As far as the position of shares issued by Brinker International, Inc. (NYSE:EAT) for the period concluded at the market close of 08/13/19, 101 institutional investors increased their positions in EAT shares by 7,103,057, 171 decreased positions by 5,996,178 and 56 institutional investors decided to hold positions at 33,215,835. These numbers put the complete list of institutional holdings set at 46,315,070 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 29 institutional investments with 1,264,245 new shares in addition to having 46 institutional investors selling their positions in 1,520,966 shares.