Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Brinker International Inc. shares valued at $20,255 were sold by Comings Douglas N. on Feb 08. At $40.51 per share, Comings Douglas N. sold 500 shares. The insider’s holdings dropped to 31,421 shares worth approximately $1.22 million following the completion of this transaction.
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Also, Allen Wade sold 347 shares, netting a total of over 14,133 in proceeds. Following the sale of shares at $40.73 each, the insider now holds 24,763 shares.
Before that, Allen Wade had sold 3,537 shares from its account. In a trade valued at $141,268, the SVP, Chief Digital Officer traded Brinker International Inc. shares for $39.94 each. Upon closing the transaction, the insider’s holdings decreased to 3,537 shares, worth approximately $0.97 million.
Analyzing EAT Stock Performance
On Thursday, Brinker International Inc. [NYSE: EAT] plunged -2.54% to $38.81. The stock’s lowest price that day was $38.76, but it reached a high of $40.35 in the same session. During the last five days, there has been a drop of approximately -4.36%. Over the course of the year, Brinker International Inc. shares have jumped approximately 21.62%. Shares of the company reached a 52-week high of $42.12 on 02/16/23 and a 52-week low of $31.83 on 01/03/23. A 50-day SMA is recorded $37.84, while a 200-day SMA reached $34.16. Nevertheless, trading volume fell to 0.61 million shares from 0.92 million shares the previous day.
Support And Resistance Levels for Brinker International Inc. (EAT)
According to the 24-hour chart, there is a support level at 38.26, which, if violated, would cause prices to drop to 37.72. In the upper region, resistance lies at 39.85. The next price resistance is at 40.90. RSI (Relative Strength Index) is 51.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.04, which suggests the price will increase in the coming days. Percent R is at 40.52%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Brinker International Inc. subject to short interest?
Stocks of Brinker International Inc. saw a sharp steep in short interest on Apr 27, 2023 dropping by -0.25 million shares to 6.02 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 6.27 million shares. A decline of -4.15% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.5 of the overall float, the days-to-cover ratio (short ratio) decline to 7.5.
Which companies own the most shares of Brinker International Inc. (EAT)?
According to BlackRock Fund Advisors filings, the company currently owns 6,505,087 shares, which is about 14.76% of the total EAT shares outstanding. The investor’s shares have plunged by -85,477 from its previous 13-F filing of 6590564.0 shares. With the completion of the buy transaction, Fidelity Management & Research Co’s stake is now worth $231,189,774. The Vanguard Group, Inc. acquire a 4.75% interest valued at $210.82 million while Franklin Mutual Advisers LLC sold a -627,176 stake. A total of 616,499 shares of Brinker International Inc. were sold by Holocene Advisors, LP during the quarter, and -21,702 were sold by SSgA Funds Management, Inc. In its current portfolio, Balyasny Asset Management LP holds 1,389,928 shares valued at $55.49 million.
In terms of Brinker International Inc. share price expectations, FactSet research, analysts set an average price target of $40.23 in the next 12 months, up nearly 0.45% from the previous closing price of $39.82. Analysts anticipate Brinker International Inc. stock to reach $48.00 by 2023, with the lowest price target being $35.00. In spite of this, 17 analysts ranked Brinker International Inc. stock as a Hold at the end of 2023.