The trading price of Brinker International, Inc (NYSE:EAT) closed lower on Tuesday, March 04, and closing at $152.52, -3.47% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 26.49. In examining the 52-week price action we see that the stock hit a 52-week high of $192.21 and a 52-week low of $43.37. Over the past month, the stock has lost -16.18% in value.
Brinker International, Inc, whose market valuation is $6.77 billion at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 2.49 per share this quarter, however they have predicted annual earnings per share of 8.35 for current year and 9.51 for next year.
Analysts have forecast the company to bring in revenue of 1.38B for the current quarter, with the likely lows of 1.33B and highs of 1.42B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 5.23B.
On the technical side, indicators suggest EAT has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned EAT a recommendation rating is 16. Out of them, 7 rate it a Hold, while 8 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Brinker International, Inc (EAT) as Underweight, while 1 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.69, which symbolizes a positive outlook. A quick review shows that EAT’s price is currently -6.76% off the SMA20 and -0.54% off the SMA50. The RSI metric on the 14-day chart is currently showing 45.54, and weekly volatility stands at 6.26%. When measured over the past 30 days, the indicator reaches 5.23%. Brinker International, Inc (NYSE:EAT)’s beta value is currently sitting at 2.22, while the Average True Range indicator is currently displaying 8.45. With analysts defining $90-$155 as the low and high price targets, we arrive at a consensus price target of $110 for the trailing 12-month period. The current price is about 40.99% off the estimated low and -1.63% off the forecast high, based on this estimate. Investors will be thrilled if EAT’s share price rises to $110, which is the median consensus price. At that level, EAT’s share price would be 27.88% above current price.
To see how Brinker International, Inc stock has been performing in comparison to its peers in the industry, here are the numbers: EAT stock’s performance was -3.47% in the latest trading, and 229.13% in the past year, while Flanigan’s Enterprises Inc. (BDL) has traded -1.60%% on the day and positioned 0.49% higher than it was a year ago. Another comparable company Dine Brands Global Inc. (DIN) saw its stock close -2.13%% lower in the most recent trading session but was down -52.78% in a year. Brinker International, Inc has a P/E ratio of 26.49, compared to Flanigan’s Enterprises Inc.’s 13.85 and Dine Brands Global Inc.’s 3.90.
An evaluation of the daily trading volume of Brinker International, Inc (NYSE:EAT) indicates that the 3-month average is 1.30 million.
Currently, records show that 44.40 million of the company’s shares remain outstanding. The insiders hold 1.63% of outstanding shares, whereas institutions hold 104.79%. However, since the stock’s price has seen 15.29% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
