Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Brinker International, Inc. shares valued at $263,087 were purchased by Taylor Joseph G on Aug 23 ’24. At $71.74 per share, Taylor Joseph G acquired 3,667 shares.
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Also, Comings Douglas N. sold 2,953 shares, netting a total of over 215,480 in proceeds. Following the sale of shares at $72.97 each, the insider now holds 38,164 shares.
Before that, Fuller Daniel S had sold 3,611 shares from its account. In a trade valued at $249,303, the SVP, Chief Legal Officer traded Brinker International, Inc. shares for $69.04 each. Upon closing the transaction, the insider’s holdings decreased to 3,611 shares, worth approximately $2.58 million.
As published in a research note from KeyBanc Capital Markets on August 15, 2024, Brinker International, Inc. [EAT] has been rated up from a Sector weight to an Overweight and the price target has been revised to $72. Analysts at Raymond James downgraded the stock from ‘”a Strong buy”‘ to ‘”an Outperform”‘ outlook in a report released in early July. As of May 21, 2024, Argus has increased its “Hold” rating to a “Buy” for EAT. Earlier on January 16, 2024, Gordon Haskett upgraded its rating. Their new recommendation was “a Buy” for EAT stock which previously was a “a Hold”.
Analyzing EAT Stock Performance
During the last five days, there has been a surge of approximately 5.84%. Over the course of the year, Brinker International, Inc. shares have jumped approximately 71.56%. Shares of the company reached a 52-week high of $76.90 on 09/18/24 and a 52-week low of $37.25 on 01/16/24. A 50-day SMA is recorded $67.43, while a 200-day SMA reached $55.36. Nevertheless, trading volume fell to 1.47 million shares from 1.55 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 72.79, which, if violated, would cause prices to drop to 71.49. In the upper region, resistance lies at 76.14. The next price resistance is at 78.19. RSI (Relative Strength Index) is 59.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.54, which suggests the price will increase in the coming days. Percent R is at 33.37%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
