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Recent Insider Activity Could Benefit Brinker International, Inc (EAT)

In a filing, Brinker International, Inc revealed its EVP, Chief People Officer White Aaron M unloaded Company’s shares for reported $0.2 million on Dec 02 ’24. In the deal valued at $130.69 per share,1,525 shares were sold. As a result of this transaction, White Aaron M now holds 38,873 shares worth roughly $5.22 million.

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Then, White Aaron M bought 1,525 shares, generating $199,300 in total proceeds.

Before that, Fuller Daniel S sold 4,000 shares. Brinker International, Inc shares valued at $503,240 were divested by the SVP, Chief Legal Officer at a price of $125.81 per share. As a result of the transaction, Fuller Daniel S now holds 33,285 shares, worth roughly $4.47 million.

Morgan Stanley upgraded its Brinker International, Inc [EAT] rating to an Equal-weight from a an Underweight in a research note published on December 20, 2024; the price target was increased to $115 from $70. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid December from “an Underweight” to “an Equal weight”. Goldman began covering EAT with “Buy” recommendation on December 05, 2024. JP Morgan revised its rating on October 31, 2024. It rated EAT as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of EAT

On Friday, Brinker International, Inc [NYSE:EAT] saw its stock jump 2.23% to $134.26. Over the last five days, the stock has gained 5.01%. Brinker International, Inc shares have risen nearly 210.93% since the year began. Nevertheless, the stocks have risen 224.77% over the past one year. While a 52-week high of $136.15 was reached on 12/19/24, a 52-week low of $37.25 was recorded on 01/16/24. SMA at 50 days reached $114.88, while 200 days put it at $76.37.

Levels Of Support And Resistance For EAT Stock

The 24-hour chart illustrates a support level at 131.09, which if violated will result in even more drops to 127.92. On the upside, there is a resistance level at 136.44. A further resistance level may holdings at 138.62. The Relative Strength Index (RSI) on the 14-day chart is 62.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.07%. Stochastics %K at 63.69% 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 2024-11-29, dropping by -0.31 million shares to a total of 5.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.58 million shares. There was a decline of -5.84%, which implies that there is a negative sentiment for the stock.

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