Market Momentum Report: Brinker International, Inc. (EAT)’s Negative Close at 62.86

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The price of Brinker International, Inc. (NYSE: EAT) closed at $62.86 in the last session, down -10.71% from day before closing price of $70.40. In other words, the price has decreased by -$10.71 from its previous closing price. On the day, 8.83 million shares were traded. EAT stock price reached its highest trading level at $63.58 during the session, while it also had its lowest trading level at $58.85.

Ratios:

We take a closer look at EAT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 180.43 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.06. For the most recent quarter (mrq), Quick Ratio is recorded 0.14 and its Current Ratio is at 0.30.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Raymond James on July 08, 2024, Downgraded its rating to Outperform and sets its target price to $82.50 from $62 previously.

On May 21, 2024, Argus Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $72.

Gordon Haskett Upgraded its Hold to Buy on January 16, 2024, while the target price for the stock was maintained at $48.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 05 ’24 when Comings Douglas N. sold 2,953 shares for $72.97 per share. The transaction valued at 215,480 led to the insider holds 38,164 shares of the business.

Fuller Daniel S sold 3,611 shares of EAT for $249,303 on May 30 ’24. The SVP, Chief Legal Officer now owns 34,764 shares after completing the transaction at $69.04 per share. On May 29 ’24, another insider, Comings Douglas N., who serves as the SVP & COO, Chili’s of the company, sold 10,000 shares for $68.31 each. As a result, the insider received 683,100 and left with 38,164 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EAT now has a Market Capitalization of 2796672768 and an Enterprise Value of 5148132352. As of this moment, Brinker’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.65, and their Forward P/E ratio for the next fiscal year is 11.79. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.65. Its current Enterprise Value per Revenue stands at 1.202 whereas that against EBITDA is 12.438.

Stock Price History:

Over the past 52 weeks, EAT has reached a high of $76.02, while it has fallen to a 52-week low of $28.23. The 50-Day Moving Average of the stock is -7.16%, while the 200-Day Moving Average is calculated to be 23.31%.

Shares Statistics:

According to the various share statistics, EAT traded on average about 1.61M shares per day over the past 3-months and 2718780 shares per day over the past 10 days. A total of 44.60M shares are outstanding, with a floating share count of 43.73M. Insiders hold about 1.72% of the company’s shares, while institutions hold 107.52% stake in the company. Shares short for EAT as of 1722384000 were 8568630 with a Short Ratio of 5.31, compared to 1719532800 on 7073349. Therefore, it implies a Short% of Shares Outstanding of 8568630 and a Short% of Float of 34.33.

Dividends & Splits

The stock’s 5-year Average Dividend Yield is 3.47.

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