Brinker International Inc. (NYSE:EAT) finished Wednesday with an addition of $0.53 to close at $29.45, an upside of 1.83 percent. An average of 1,185,400 shares of common stock have been traded in the last five days. There was a fall of -$2.75 in the past week, and it reached a new high 26 times over the past 12 months. The last 20 days have seen an average of 1,119,580 shares traded, while the 50-day average volume stands at 1,055,680.
EAT stock has decreased by -9.02% in the last month. The company shares reached their 1-month lowest point of $28.86 on 09/26/23. With the stock rallying to its 52-week high on 02/16/23, shares of the company touched a low of $23.94 and a high of $42.12 in 52 weeks. It has reached a new high 14 times so far this year and lost -7.71% or -$2.46 in price. In spite of this, the price is down -30.08% from the 52-week high.
Insider Transactions
EAT stock investors should be aware that Brinker International Inc. (EAT) stock had its last reported insider trading activity 232 days ago on Feb 08. In this transaction, the insider spent $20,255. SVP, Chief Digital Officer, Allen Wade, disposed of 347 shares at a price of $40.73 on Feb 08. The insider now owns more than $14,133 worth of shares. Prior to that, SVP, Chief Digital Officer Allen Wade went on to Sale 3,537 shares at $39.94 each on Feb 07. An amount of $141,268 was transacted.
Valuation Metrics
Brinker International Inc. (EAT) has a trailing price-to-earnings (P/E) ratio of 13.06. The stock’s beta is 2.38. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.32, and the price-to-cash flow ratio at 18.41.
Financial Health
The quick ratio of Brinker International Inc. for the three months ended June 29 was 0.17, and the current ratio was 0.34, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $500.1 million compared to revenue of $4.13 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 3.54%.
Earnings Surprise
For the three-month period that ended June 29, Brinker International Inc. had $912.2 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $54.2 million in the quarter, while revenues were grew 25.83%. The analyst consensus anticipated Brinker International Inc.’s latest quarter earnings to come in at $1.32 per share, but it turned out to be $1.39, a 5.30% surprise. For the quarter, EBITDA amounted to $101.6 million. Shareholders own equity worth $44.63 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 27 September was 33.45%, suggesting the stock is Neutral, with historical volatility in this time frame at 34.78%.
As of today, EAT’s price is $29.96 -8.54% or -$2.75 from its 5-day moving average. EAT is currently trading -9.41% lower than its 20-day SMA and -24.49% lower than its 100-day SMA. However, the stock’s current price level is -23.49% below the SMA50 and -17.99% below the SMA200.
The stochastic %K and %D were 6.10% and 8.73%, respectively, and the average true range (ATR) was 1.07. With the 14-day stochastic at 13.59% and the average true range at 1.10, the RSI (14) stands at 34.09%. The stock has reached -1.40 on the 9-day MACD Oscillator while the 14-day reading was at -1.63.
Analyst Ratings
Piper Sandler launched coverage on Brinker International Inc. (NYSE: EAT) in its analyst report released on July 18, 2023. The firm assigned the stock a Neutral rating.
