Stock That Is Worth Exploring Now: Brinker International, Inc. (NYSE: EAT)

Brinker International, Inc. (NYSE:EAT) does about 1.46M shares in volume on a normal day but saw 1082024 shares change hands in Friday trading. The company now has a market cap of 3.15B USD. Its current market price is $70.77, marking an increase of 0.24% compared to the previous close of $70.60. The 52 week high reached by this stock is $76.02 whilst the lowest price level in 52 weeks is $28.23.

Brinker International, Inc. (EAT) has a 20-day trading average at $70.55 and the current price is -6.91% off the 52-week high compared with 150.69% distance from its 52-week low. The 50-day simple moving average of the closing price is $64.80 and its 200-day simple moving average is $46.40. If we look at the stock’s price movements over the week, volatility stands at 3.10%, which increases to 3.26% 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 55.41 to suggest the stock is neutral.

The consensus objective for the share price is $61.07, suggesting that the stock has a potential downside of -15.88% over the period.

#####

The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 21, 2024 when Argus upgraded the stock to “Buy” and issued a price target of $72. Gordon Haskett also upgraded the stock to “Buy” from Hold on January 16, 2024 at a price target of $48. Morgan Stanley downgraded its price target at $36.

Brinker International, Inc. (EAT) stock is down -4.93% over the week and -1.24% over the past month. Its price is 63.90% year-to-date and 98.24% over the past year.

The stock last released its quarterly earnings report for quarter ended 3/31/2024, with the company’s earnings per share (EPS) of 1.39 above consensus estimates by 0.07. The company’s next earnings report forecasts estimating quarterly EPS at 1.52 and 4.02 for whole year. Expected sales for next quarter are $1.06B, which analysts say will come at $4.36B for the current fiscal year and next year at $4.49B. In addition, estimates put the company’s current quarterly revenue at an average of $1.14B.

To reach the target analysts have set, the stock logically needs to shrink -15.88 percent from here.

The company has a return on investment of 8.20%. The price to earnings ratio (P/E ratio) amounts to 21.00 while the forward price to earnings ratio is 15.65. The beta has a value of 2.53. Price to sales ratio is 0.74.

#####