Brinker International, Inc.’s recent filing unveils that its EVP & CFO Taylor Joseph G unloaded Company’s shares for reported $1.09 million on Feb 02 ’24. In the deal valued at $44.97 per share,24,163 shares were sold. As a result of this transaction, Taylor Joseph G now holds 56,661 shares worth roughly $2.73 million.
Then, Taylor Joseph G sold 5,000 shares, generating $206,050 in total proceeds. Upon selling the shares at $41.21, the EVP & CFO now owns 66,286 shares.
Before that, Comings Douglas N. sold 14,951 shares. Brinker International, Inc. shares valued at $609,403 were divested by the SVP & COO, Chili’s at a price of $40.76 per share. As a result of the transaction, Comings Douglas N. now holds 37,604 shares, worth roughly $1.81 million.
Gordon Haskett upgraded its Brinker International, Inc. [EAT] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid January from “an Equal-weight” to “an Underweight”. Raymond James also remained covering EAT and has increased its forecast on October 18, 2023 with a “Strong buy” recommendation from previously “an Outperform” rating. Stifel revised its rating on September 29, 2023. It rated EAT as “a Buy” which previously was an “a Hold”.
Price Performance Review of EAT
On Monday, Brinker International, Inc. [NYSE:EAT] saw its stock jump 4.46% to $48.20. Over the last five days, the stock has lost -5.42%. Brinker International, Inc. shares have risen nearly 11.63% since the year began. Nevertheless, the stocks have risen 27.75% over the past one year. While a 52-week high of $51.72 was reached on 04/01/24, a 52-week low of $28.23 was recorded on 01/16/24. SMA at 50 days reached $46.28, while 200 days put it at $38.56. A total of 1.24 million shares were traded, compared to the trading of 1.26 million shares in the previous session.
Levels Of Support And Resistance For EAT Stock
The 24-hour chart illustrates a support level at 47.01, which if violated will result in even more drops to 45.82. On the upside, there is a resistance level at 48.85. A further resistance level may holdings at 49.49. The Relative Strength Index (RSI) on the 14-day chart is 52.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.58%. Stochastics %K at 35.63% 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 Mar 15, 2024, growing by 0.74 million shares to a total of 6.25 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.51 million shares. There was a rise of 11.84%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 25.30% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.91.
The most recent change occurred on July 18, 2023 when Piper Sandler began covering the stock and recommended ‘”a Neutral”‘ rating along with a $40 price target.
