Analysts Issue Research Notes On Brinker International Inc. (EAT)

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Brinker International Inc. (NYSE:EAT) finished Friday with a subtraction of -$1.61 to close at $31.91, a downside of -4.80 percent. An average of 679,040 shares of common stock have been traded in the last five days. There was a fall of -$1.17 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 1,111,065 shares traded, while the 50-day average volume stands at 966,092.

EAT stock has decreased by -4.60% in the last month. The company shares reached their 1-month lowest point of $30.96 on 12/05/22. With the stock rallying to its 52-week high on 02/16/22, shares of the company touched a low of $21.47 and a high of $44.03 in 52 weeks. It has reached a new high 8 times so far this year and lost -12.79% or -$4.68 in price. In spite of this, the price is down -27.53% from the 52-week high.


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Insider Transactions

EAT stock investors should be aware that Brinker International Inc. (EAT) stock had its last reported insider trading activity 51 days ago on Nov 10. In this transaction, the insider spent $15,765. SVP & Co-COO, Chili’s, Comings Douglas N., disposed of 500 shares at a price of $30.26 on Nov 04. The insider now owns more than $15,130 worth of shares. Prior to that, EVP & Chief Admin Officer Badgley Rick went on to Sale 10,000 shares at $29.66 each on Sep 09. An amount of $296,600 was transacted.

Valuation Metrics

Brinker International Inc. (EAT) has a trailing price-to-earnings (P/E) ratio of 19.58. The stock’s beta is 2.25. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.36, and the price-to-cash flow ratio at 18.47.

Financial Health

The quick ratio of Brinker International Inc. for the three months ended June 29 was 0.30, and the current ratio was 0.40, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $499.2 million compared to revenue of $3.8 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Brinker International Inc.’s return on assets was 3.00%.

Earnings Surprise

For the three-month period that ended June 29, Brinker International Inc. had $1.02 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$30.2 million in the quarter, while revenues were grew 143.71%. The analyst consensus anticipated Brinker International Inc.’s latest quarter earnings to come in at $1.15 per share, but it turned out to be $1.15, a 0.00% surprise. For the quarter, EBITDA amounted to $22.1 million. Shareholders own equity worth $44.03 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Brinker International Inc. (EAT) price momentum. RSI 9-day as of the close on 30 December was 39.44%, suggesting the stock is Neutral, with historical volatility in this time frame at 48.13%.

As of today, EAT’s price is $32.67 -3.54% or -$1.17 from its 5-day moving average. EAT is currently trading -3.74% lower than its 20-day SMA and +11.30% higher than its 100-day SMA. However, the stock’s current price level is +11.34% above the SMA50 and -10.82% below the SMA200.

The stochastic %K and %D were 15.52% and 17.35%, respectively, and the average true range (ATR) was 1.53. With the 14-day stochastic at 6.87% and the average true range at 1.56, the RSI (14) stands at 43.81%. The stock has reached -0.26 on the 9-day MACD Oscillator while the 14-day reading was at -1.15.

Analyst Ratings

Jefferies downgraded Brinker International Inc. (NYSE: EAT) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Brinker International Inc. (EAT) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell EAT, while 13 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 2 others rate it as a “buy”.

What is EAT’s price target for the next 12 months?

Analysts predict a range of price targets between $28.00 and $43.00, with a median target of $32.00. Taking a look at these predictions, the average price target given by analysts for Brinker International Inc. (EAT) stock is $32.63.

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