Brinker International Inc. (EAT) 20 Days SMA touches 6.87%: The odds favor the bear

Brinker International Inc. (NYSE: EAT) kicked off on January 24, 2023, at the price of $38.30, down -1.98% from the previous trading day. During the day, the shares moved up to $38.66 and dropped to $36.73 before settling in for the closing price of $38.42. Over the past 52 weeks, EAT has traded in a range of $21.47-$44.03.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 3.80%. While this was happening, its average annual earnings per share was recorded -8.70%. With a float of $43.09 million, this company’s outstanding shares have now reached $43.90 million.

Considering the fact that the conglomerate employs 62025 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +8.80, operating margin of +5.01, and the pretax margin is +3.03.

Brinker International Inc. (EAT) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Restaurants Industry. The most recent insider transaction that took place on Nov 10, was worth 15,765. In this transaction SVP & COO, Chili’s of this company sold 500 shares at a rate of $31.53, taking the stock ownership to the 32,421 shares. Before that another transaction happened on Nov 04, when Company’s SVP & Co-COO, Chili’s sold 500 for $30.26, making the entire transaction worth $15,130. This insider now owns 32,921 shares in total.

Brinker International Inc. (EAT) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 6/29/2022, the organization reported $1.15 earnings per share (EPS), higher than consensus estimate (set at $1.15) by $0. This company achieved a net margin of +3.09. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.47 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -8.70% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.77% during the next five years compared to -2.60% drop over the previous five years of trading.

Brinker International Inc. (NYSE: EAT) Trading Performance Indicators

Take a look at Brinker International Inc.’s (EAT) current performance indicators. Last quarter, stock had a quick ratio of 0.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.40. Likewise, its price to free cash flow for the trailing twelve months is 20.54.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.63, a number that is poised to hit 0.50 in the next quarter and is forecasted to reach 3.57 in one year’s time.

Technical Analysis of Brinker International Inc. (EAT)

Compared to the last year’s volume of 0.89 million, its volume of 0.89 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 74.59%. Additionally, its Average True Range was 1.52.

During the past 100 days, Brinker International Inc.’s (EAT) raw stochastic average was set at 92.47%, which indicates a significant increase from 81.61% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.45% in the past 14 days, which was lower than the 52.63% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $34.50, while its 200-day Moving Average is $30.34. Nevertheless, the first resistance level for the watch stands at $38.64 in the near term. At $39.61, the stock is likely to face the second major resistance level. The third major resistance level sits at $40.57. If the price goes on to break the first support level at $36.71, it is likely to go to the next support level at $35.75. Should the price break the second support level, the third support level stands at $34.78.

Brinker International Inc. (NYSE: EAT) Key Stats

The company with the Market Capitalisation of 1.57 billion has total of 44,032K Shares Outstanding. Its annual sales at the moment are 3,804 M in contrast with the sum of 117,600 K annual income. Company’s last quarter sales were recorded 955,500 K and last quarter income was -30,200 K.


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