In a filing, Brinker International Inc. revealed its SVP & COO, Chili’s Comings Douglas N. unloaded Company’s shares for reported $20255.0 on Feb 08. In the deal valued at $40.51 per share,500 shares were sold. As a result of this transaction, Comings Douglas N. now holds 31,421 shares worth roughly $ 1.21 million.
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Then, Allen Wade sold 347 shares, generating $14,133 in total proceeds. Upon selling the shares at $40.73, the SVP, Chief Digital Officer now owns 24,763 shares.
Before that, Allen Wade sold 3,537 shares. Brinker International Inc. shares valued at $141,268 were divested by the SVP, Chief Digital Officer at a price of $39.94 per share. As a result of the transaction, Allen Wade now holds 25,110 shares, worth roughly $0.96 million.
Jefferies downgraded its Brinker International Inc. [EAT] rating to a Hold from a a Buy in a research note published on Monday, December 21, 2022; the price target was decreased to $35 from $38. PT values the company’s stock at a premium of -9.69 to its Monday closing price. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in mid December from “a Neutral” to “a Sell”. KeyBanc Capital Markets also remained covering EAT and has decreased its forecast on August 18, 2022 with a “Sector weight” recommendation from previously “an Overweight” rating. Goldman revised its rating on July 18, 2022. It rated EAT as “a Neutral” which previously was an “a Buy”.
Price Performance Review of EAT
On Monday, Brinker International Inc. [NYSE:EAT] saw its stock fall -0.78% to $38.39. On the same session, the stock had its day’s lowest price of $37.82, but rose to a high of $38.94. Over the last five days, the stock has gained 0.97%. Brinker International Inc. shares have risen nearly 20.31% since the year began. Nevertheless, the stocks have fallen -0.93% over the past one year. While a 52-week high of $42.12 was reached on 02/16/23, a 52-week low of $21.47 was recorded on 01/03/23. SMA at 50 days reached $37.72, while 200 days put it at $30.86. A total of 0.81 million shares were traded, compared to the trading of 0.53 million shares in the previous session.
Levels Of Support And Resistance For EAT Stock
The 24-hour chart illustrates a support level at 37.83, which if violated will result in even more drops to 37.26. On the upside, there is a resistance level at 38.95. A further resistance level may holdings at 39.50. The Relative Strength Index (RSI) on the 14-day chart is 46.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.39%. Stochastics %K at 29.49% 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 Jan 30, 2023, dropping by -0.67 million shares to a total of 3.26 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 3.93 million shares. There was a decline of -20.55%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 13.35% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.66.
Brinker International Inc. [EAT] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 6,590,564 shares, or roughly 14.97% of the outstanding EAT shares. In other words, the investor’s shares have risen by 71,863 from its previous 13-F filing of 6518701.0. Additionally, Fidelity Management & Research Co increased 32.86% of its stake after which the total value it holdings stand at $227,294,572, while The Vanguard Group, Inc. added 0.14% of its stake to hold $198.94 million in the firm. Over the last quarter, Franklin Mutual Advisers LLC purchased 935,827 shares of Brinker International Inc., while SSgA Funds Management, Inc. bought 54,864 shares. At present, Holocene Advisors, LP is holding 1,239,307 shares valued at $48.9 million. Macquarie Investment Management B owned 1,047,776 shares of the company at the time of its most recent 13F filing, worth $41.35 million.