While Brinker International, Inc. has underperformed by -2.44%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EAT rose by 34.92%, with highs and lows ranging from $49.85 to $28.23, whereas the simple moving average jumped by 26.19% in the last 200 days.
On January 16, 2024, Gordon Haskett Upgraded Brinker International, Inc. (NYSE: EAT) to Buy. A report published by Morgan Stanley on January 16, 2024, Downgraded its rating to ‘Underweight’ for EAT. Raymond James also Upgraded EAT shares as ‘Strong Buy’, setting a target price of $40 on the company’s shares in a report dated October 18, 2023. Stifel September 29, 2023d the rating to Buy on September 29, 2023, and set its price target from $38 to $45. Piper Sandler initiated its ‘Neutral’ rating for EAT, as published in its report on July 18, 2023. Wells Fargo’s report from June 26, 2023 suggests a price prediction of $31 for EAT shares, giving the stock a ‘Underweight’ rating. Northcoast also rated the stock as ‘Neutral’.
Analysis of Brinker International, Inc. (EAT)
Further, the quarter-over-quarter increase in sales is 5.41%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Brinker International, Inc.’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. Taking into account the quick ratio of the company, currently set at 0.21, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and EAT is recording an average volume of 1.21M. On a monthly basis, the volatility of the stock is set at 3.14%, whereas on a weekly basis, it is put at 3.09%, with a loss of -2.34% over the past seven days. Furthermore, long-term investors anticipate a median target price of $46.13, showing decline from the present price of $47.52, which can serve as yet another indication of whether EAT is worth investing in or should be passed over.
How Do You Analyze Brinker International, Inc. Shares?
A leading company in the Restaurants sector, Brinker International, Inc. (EAT) is based in the USA. When comparing Brinker International, Inc. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 13.91, there is a growth in quarterly earnings of 50.55%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 1.63%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 104.07% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
EAT shares are owned by institutional investors to the tune of 104.07% at present.
