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Examining the Potential Price Growth of Brinker International, Inc. (EAT)

In a filing, Brinker International, Inc. revealed 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 $2.5 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 $2.5 million.

Raymond James downgraded its Brinker International, Inc. [EAT] rating to an Outperform from a a Strong buy in a research note published on July 08, 2024; the price target was increased to $82.50 from $62. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in late May from “a Hold” to “a Buy”. Gordon Haskett also remained covering EAT and has increased its forecast on January 16, 2024 with a “Buy” recommendation from previously “Hold” rating. Morgan Stanley revised its rating on January 16, 2024. It rated EAT as “an Underweight” which previously was an “an Equal-weight”.

Price Performance Review of EAT

On Monday, Brinker International, Inc. [NYSE:EAT] saw its stock jump 2.37% to $65.63. Over the last five days, the stock has lost -1.09%. Brinker International, Inc. shares have risen nearly 51.99% since the year began. Nevertheless, the stocks have risen 69.81% 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 $67.97, while 200 days put it at $49.18. A total of 1.19 million shares were traded, compared to the trading of 1.44 million shares in the previous session.

Levels Of Support And Resistance For EAT Stock

The 24-hour chart illustrates a support level at 64.51, which if violated will result in even more drops to 63.39. On the upside, there is a resistance level at 66.19. A further resistance level may holdings at 66.75. The Relative Strength Index (RSI) on the 14-day chart is 47.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.94%. Stochastics%K at 33.22% indicates the stock is a holding.

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