More To Go Or Is It Over? – Brinker International, Inc. (EAT)

Brinker International, Inc. (NYSE:EAT) does about 1.32M shares in volume on a normal day but saw 1681682 shares change hands in Tuesday’s trading. The company now has a market cap of 2.78B USD. Its current market price is $62.39, marking an increase of 2.38% compared to the previous close of $60.94. The 52 week high reached by this stock is $60.97 whilst the lowest price level in 52 weeks is $28.23.

Brinker International, Inc. (EAT) has a 20-day trading average at $52.70 and the current price is 2.32% off the 52-week high compared with 121.01% distance from its 52-week low. The 50-day simple moving average of the closing price is $49.67 and its 200-day simple moving average is $40.36. If we look at the stock’s price movements over the week, volatility stands at 2.81%, which increases to 3.35% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 82.12 to suggest the stock is overbought.

The consensus objective for the share price is $54.40, suggesting that the stock has a potential downside of -14.69% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 16, 2024 when Gordon Haskett upgraded the stock to “Buy” and issued a price target of $48. Morgan Stanley downgraded the stock to “Underweight” from Equal-Weight on January 16, 2024 at a price target of $36. Raymond James upgraded its price target at $45-$40.

Brinker International, Inc. (EAT) stock is up 9.53% over the week and 38.58% over the past month. Its price is 44.49% year-to-date and 68.67% over the past year.

To reach the target analysts have set, the stock logically needs to shrink -14.69 percent from here.

The company has a return on investment of 8.20%. The price to earnings ratio (P/E ratio) amounts to 18.51 while the forward price to earnings ratio is 14.31. The beta has a value of 2.46. Price to sales ratio is 0.65.