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Brinker International, Inc. (EAT) receives a Buy rating from Argus

Brinker International, Inc.’s recently made public that its SVP & COO, Chili’s Comings Douglas N. unloaded Company’s shares for reported $0.22 million on Jun 05 ’24. In the deal valued at $72.97 per share,2,953 shares were sold. As a result of this transaction, Comings Douglas N. now holds 38,164 shares worth roughly $2.77 million.

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Then, Fuller Daniel S sold 3,611 shares, generating $249,303 in total proceeds. Upon selling the shares at $69.04, the SVP, Chief Legal Officer now owns 34,764 shares.

Before that, Comings Douglas N. sold 10,000 shares. Brinker International, Inc. shares valued at $683,100 were divested by the SVP & COO, Chili’s at a price of $68.31 per share. As a result of the transaction, Comings Douglas N. now holds 38,164 shares, worth roughly $2.77 million.

Argus 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 Gordon Haskett’s analysts, who increased its forecast for the stock in mid January from “a Hold” to “a Buy”. Morgan Stanley also remained covering EAT and has decreased its forecast on January 16, 2024 with a “an Underweight” recommendation from previously “an Equal-weight” rating. Raymond James revised its rating on October 18, 2023. It rated EAT as “a Strong buy” which previously was an “an Outperform”.

Price Performance Review of EAT

On Monday, Brinker International, Inc. [NYSE:EAT] saw its stock jump 0.22% to $72.55. Over the last five days, the stock has lost -1.45%. Brinker International, Inc. shares have risen nearly 68.02% since the year began. Nevertheless, the stocks have risen 98.82% over the past one year. While a 52-week high of $76.02 was reached on 06/25/24, a 52-week low of $28.23 was recorded on 01/16/24. SMA at 50 days reached $63.35, while 200 days put it at $45.81. A total of 1.78 million shares were traded, compared to the trading of 1.52 million shares in the previous session.

Levels Of Support And Resistance For EAT Stock

The 24-hour chart illustrates a support level at 71.00, which if violated will result in even more drops to 69.45. On the upside, there is a resistance level at 73.54. A further resistance level may holdings at 74.53. The Relative Strength Index (RSI) on the 14-day chart is 62.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.43, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.43%. Stochastics%K at 72.96% indicates the stock is a holding.

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