Brinker International, Inc. (NYSE: EAT) has a higher price-to-earnings ratio of 12.90x compared to its average ratio, The 36-month beta value for EAT is at 2.49. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 15 as “hold,” and 2 as “sell.”
The public float for EAT is 43.51M, and currently, shorts hold a 13.45% of that float. The average trading volume for EAT on April 18, 2024 was 1.31M shares.
EAT) stock’s latest price update
Brinker International, Inc. (NYSE: EAT)’s stock price has dropped by -2.67 in relation to previous closing price of 45.28. Nevertheless, the company has seen a loss of -6.59% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-16 that We have narrowed our search to five restaurant stocks that have strong growth potential for 2024. These are: EAT, PTLO, WING, SHAK, TXRH.
EAT’s Market Performance
Brinker International, Inc. (EAT) has seen a -6.59% fall in stock performance for the week, with a -6.39% decline in the past month and a 14.59% surge in the past quarter. The volatility ratio for the week is 4.48%, and the volatility levels for the past 30 days are at 3.76% for EAT.. The simple moving average for the past 20 days is -6.96% for EAT’s stock, with a 13.35% simple moving average for the past 200 days.
Analysts’ Opinion of EAT
Many brokerage firms have already submitted their reports for EAT stocks, with Gordon Haskett repeating the rating for EAT by listing it as a “Buy.” The predicted price for EAT in the upcoming period, according to Gordon Haskett is $48 based on the research report published on January 16, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see EAT reach a price target of $36. The rating they have provided for EAT stocks is “Underweight” according to the report published on January 16th, 2024.
Raymond James gave a rating of “Strong Buy” to EAT, setting the target price at $40 in the report published on October 18th of the previous year.
EAT Trading at -5.69% from the 50-Day Moving Average
After a stumble in the market that brought EAT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.79% of loss for the given period.
Volatility was left at 3.76%, however, over the last 30 days, the volatility rate increased by 4.48%, as shares sank -5.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.20% lower at present.
During the last 5 trading sessions, EAT fell by -6.59%, which changed the moving average for the period of 200-days by +20.41% in comparison to the 20-day moving average, which settled at $47.23. In addition, Brinker International, Inc. saw 2.06% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EAT starting from Taylor Joseph G, who sale 24,163 shares at the price of $44.97 back on Feb 02 ’24. After this action, Taylor Joseph G now owns 56,661 shares of Brinker International, Inc., valued at $1,086,514 using the latest closing price.
Taylor Joseph G, the EVP & CFO of Brinker International, Inc., sale 5,000 shares at $41.21 during a trade that took place back on Dec 12 ’23, which means that Taylor Joseph G is holding 66,286 shares at $206,050 based on the most recent closing price.
Stock Fundamentals for EAT
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 0.13 for the gross margin
The net margin for Brinker International, Inc. stands at 0.04. The total capital return value is set at 0.11.
Based on Brinker International, Inc. (EAT), the company’s capital structure generated 1.06 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at -19.11. The interest coverage ratio of the stock is 3.37.
Currently, EBITDA for the company is 335.4 million with net debt to EBITDA at 5.21. When we switch over and look at the enterprise to sales, we see a ratio of 0.95. The receivables turnover for the company is 53.4for trailing twelve months and the total asset turnover is 1.69. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.36.
Conclusion
In conclusion, Brinker International, Inc. (EAT) has had a mixed performance lately. Opinion on the stock among analysts is bearish, with some giving it a “sell” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
