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EAT (Brinker International, Inc) may reap gains as insiders became active recently

Brinker International, Inc’s recent filing unveils that its Officer Fuller Daniel S acquired Company’s shares for reported $0.5 million on Nov 22 ’24. In the deal valued at $125.81 per share,4,000 shares were bought.

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Then, Ware Michaela M sold 5,242 shares, generating $600,104 in total proceeds. Upon selling the shares at $114.48, the EVP, Chief Financial Officer now owns 21,402 shares.

Before that, Comings Douglas N. sold 7,783 shares. Brinker International, Inc shares valued at $840,253 were divested by the SVP & COO, Chili’s at a price of $107.96 per share. As a result of the transaction, Comings Douglas N. now holds 41,826 shares, worth roughly $5.25 million.

JP Morgan downgraded its Brinker International, Inc [EAT] rating to a Neutral from a an Overweight in a research note published on October 31, 2024; the price target was increased to $100 from $67. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who decreased its forecast for the stock in late October from “an Outperform” to “a Market perform”. Raymond James also remained covering EAT and has decreased its forecast on October 17, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. BofA Securities revised its rating on October 10, 2024. It rated EAT as “a Neutral” which previously was an “an Underperform”.

Price Performance Review of EAT

On Friday, Brinker International, Inc [NYSE:EAT] saw its stock jump 1.54% to $125.62. Over the last five days, the stock has gained 6.96%. Brinker International, Inc shares have risen nearly 190.92% since the year began. Nevertheless, the stocks have risen 251.68% over the past one year. While a 52-week high of $125.26 was reached on 11/22/24, a 52-week low of $34.77 was recorded on 01/16/24. SMA at 50 days reached $95.35, while 200 days put it at $68.41.

Levels Of Support And Resistance For EAT Stock

The 24-hour chart illustrates a support level at 123.91, which if violated will result in even more drops to 122.20. On the upside, there is a resistance level at 126.81. A further resistance level may holdings at 127.99. The Relative Strength Index (RSI) on the 14-day chart is 76.88, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.69%. Stochastics %K at 96.06% indicates the stock is a selling.

How much short interest is there in Brinker International, Inc?

A steep rise in short interest was recorded in Brinker International, Inc stocks on 2024-10-31, dropping by -1.32 million shares to a total of 5.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 6.9 million shares. There was a decline of -23.68%, which implies that there is a negative sentiment for the stock.

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