Brinker International Inc.’s recently made public that its SVP & Co-COO, Chili’s Comings Douglas N. unloaded Company’s shares for reported $15130.0 on Nov 04. In the deal valued at $30.26 per share,500 shares were sold. As a result of this transaction, Comings Douglas N. now holds 32,921 shares worth roughly $ 0.95 million.
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Then, Badgley Rick sold 10,000 shares, generating $296,600 in total proceeds. Upon selling the shares at $29.66, the EVP & Chief Admin Officer now owns 37,441 shares.
Before that, Comings Douglas N. sold 500 shares. Brinker International Inc. shares valued at $15,455 were divested by the SVP & Co-COO, Chili’s at a price of $30.91 per share. As a result of the transaction, Comings Douglas N. now holds 25,659 shares, worth roughly $0.74 million.
KeyBanc Capital Markets downgraded its Brinker International Inc. [EAT] rating to a Sector weight from a an Overweight in a research note published on Monday. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in mid July from “a Buy” to “a Neutral”. Evercore ISI revised its rating on May 05, 2022. It rated EAT as “an In-line” which previously was an “an Outperform”.
Price Performance Review of EAT
On Monday, Brinker International Inc. [NYSE:EAT] saw its stock fall -4.52% to $28.93. On the same session, the stock had its day’s lowest price of $28.275, but rose to a high of $30.455. Over the last five days, the stock has lost -13.36%. Brinker International Inc. shares have fallen nearly -20.93% since the year began. Nevertheless, the stocks have fallen -35.21% over the past one year. While a 52-week high of $46.57 was reached on 02/16/22, a 52-week low of $21.47 was recorded on 06/30/22. SMA at 50 days reached $27.83, while 200 days put it at $31.20. A total of 0.87 million shares were traded, compared to the trading of 1.61 million shares in the previous session.
Levels Of Support And Resistance For EAT Stock
The 24-hour chart illustrates a support level at 27.99, which if violated will result in even more drops to 27.04. On the upside, there is a resistance level at 30.17. A further resistance level may holdings at 31.40. The Relative Strength Index (RSI) on the 14-day chart is 48.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.57%. Stochastics %K at 30.12% indicates the stock is a holding.
How much short interest is there in Brinker International Inc.?
A steep rise in short interest was recorded in Brinker International Inc. stocks on Jul 14, 2022, growing by 0.57 million shares to a total of 5.12 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 4.55 million shares. There was a rise of 11.13%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 17.44% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.15.
Brinker International Inc. [EAT] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 6,518,701 shares, or roughly 14.85% of the outstanding EAT shares. In other words, the investor’s shares have fallen by -24,327 from its previous 13-F filing of 6543028.0. Additionally, The Vanguard Group, Inc. decreased -1.61% of its stake after which the total value it holdings stand at $129,029,319, while Fidelity Management & Research Co reduced -10.35% of its stake to hold $125.91 million in the firm. Over the last quarter, Franklin Mutual Advisers LLC purchased 1,323,016 shares of Brinker International Inc., while GMT Capital Corp. bought 1,514,500 shares. At present, SSgA Funds Management, Inc. is holding 1,651,012 shares valued at $41.24 million. Macquarie Investment Management B owned 1,640,957 shares of the company at the time of its most recent 13F filing, worth $40.99 million.
According to FactSet, Brinker International Inc.’s share price will average $33.59 in the next year, based on opinions of analysts polled by the firm. This is up nearly 5.61 percent from its previous closing price of $30.30. Analysts expect Brinker International Inc. stock to reach the higher price of $43.00, while the lowest price estimate is $28.00. However, 19 analysts have rated EAT stock as a Hold in their predictions for 2022. The most recent change occurred on April 12, 2022 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $38 price target.