The stock of Brinker International, Inc. (NYSE: EAT) has increased by 4.08 when compared to last closing price of 68.06. Despite this, the company has experienced a 3.89% gain in its stock price over the last five trading sessions. zacks.com reported 2024-06-20 that We have narrowed our search to five restaurant stocks that have provided strong year-to-date returns. These are: CMG, EAT, WING, TXRH, LOCO.
Is It Worth Investing in Brinker International, Inc. (NYSE: EAT) Right Now?
The price-to-earnings ratio for Brinker International, Inc. (NYSE: EAT) is above average at 21.02x, Company’s 36-month beta value is 2.51.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 15 as “hold,” and 2 as “sell.”
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The public float for EAT is 43.73M, and currently, short sellers hold a 18.02% ratio of that floaft. The average trading volume of EAT on June 20, 2024 was 1.45M shares.
EAT’s Market Performance
The stock of Brinker International, Inc. (EAT) has seen a 3.89% increase in the past week, with a 9.81% rise in the past month, and a 50.40% gain in the past quarter. The volatility ratio for the week is 3.13%, and the volatility levels for the past 30 days are at 2.96% for EAT. The simple moving average for the last 20 days is 3.58% for EAT stock, with a simple moving average of 60.45% for the last 200 days.
Analysts’ Opinion of EAT
Many brokerage firms have already submitted their reports for EAT stocks, with Argus repeating the rating for EAT by listing it as a “Buy.” The predicted price for EAT in the upcoming period, according to Argus is $72 based on the research report published on May 21, 2024 of the current year 2024.
Gordon Haskett, on the other hand, stated in their research note that they expect to see EAT reach a price target of $48. The rating they have provided for EAT stocks is “Buy” according to the report published on January 16th, 2024.
Morgan Stanley gave a rating of “Underweight” to EAT, setting the target price at $36 in the report published on January 16th of the current year.
EAT Trading at 20.02% 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 -3.72% of loss for the given period.
Volatility was left at 2.96%, however, over the last 30 days, the volatility rate increased by 3.13%, as shares surge +10.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +47.71% upper at present.
During the last 5 trading sessions, EAT rose by +3.78%, which changed the moving average for the period of 200-days by +116.62% in comparison to the 20-day moving average, which settled at $68.74. In addition, Brinker International, Inc. saw 64.06% 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 Comings Douglas N., who sale 2,953 shares at the price of $72.97 back on Jun 05 ’24. After this action, Comings Douglas N. now owns 38,164 shares of Brinker International, Inc., valued at $215,480 using the latest closing price.
Fuller Daniel S, the SVP, Chief Legal Officer of Brinker International, Inc., sale 3,611 shares at $69.04 during a trade that took place back on May 30 ’24, which means that Fuller Daniel S is holding 34,764 shares at $249,303 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 0.12.
Based on Brinker International, Inc. (EAT), the company’s capital structure generated 1.05 points at debt to capital in total, while cash flow to debt ratio is standing at 0.35. The debt to equity ratio resting at -20.29. The interest coverage ratio of the stock is 3.5.
Currently, EBITDA for the company is 335.4 million with net debt to EBITDA at 4.63. When we switch over and look at the enterprise to sales, we see a ratio of 1.18. The receivables turnover for the company is 89.22for trailing twelve months and the total asset turnover is 1.72. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.30.
Conclusion
In a nutshell, Brinker International, Inc. (EAT) has experienced a better performance in recent times. The stock has received mixed “sell” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
