Brinker International, Inc (NYSE:EAT) shares, rose in value on Friday, January 03, with the stock price up by 2.52% to the previous day’s close as strong demand from buyers drove the stock to $141.14.
Actively observing the price movement in the last trading, the stock closed the session at $137.67, falling within a range of $136.12 and $141.18. The value of beta (5-year monthly) was 2.48 whereas the PE ratio was 34.50 over 12-month period. Referring to stock’s 52-week performance, its high was $139.90, and the low was $37.25. On the whole, EAT has fluctuated by 9.34% over the past month.
With the market capitalization of Brinker International, Inc currently standing at about $6.27 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.8B, with a low estimate of 1.16B and a high estimate of 1.3B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.2B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EAT’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.10, with the price of EAT currently trading nearly 7.03% and 15.55% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.54, while the 7-day volatility ratio is showing 3.73% which for the 30-day chart, stands at 3.63%. Furthermore, Brinker International, Inc (EAT)’s beta value is 2.53, and its average true range (ATR) is 4.76.
A comparison of Brinker International, Inc (EAT) with its peers suggests the former has fared considerably weaker in the market. EAT showed an intraday change of 2.52% in last session, and over the past year, it grew by 243.82%%.
Data on historical trading for Brinker International, Inc (NYSE:EAT) indicates that the trading volumes over the past 10 days have averaged 1.07 and over the past 3 months, they’ve averaged 1.21 million. According to company’s latest data on outstanding shares, there are 44.40 million shares outstanding.
Nearly 1.71% of Brinker International, Inc’s shares belong to company insiders and institutional investors own 110.68% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.05 million shares as on 2024-12-13, resulting in a short ratio of 4.8. According to the data, the short interest in Brinker International, Inc (EAT) stood at 1616.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 5.49 million. The stock has risen by 6.69% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EAT stock heading into the next quarter.
