The price of Brinker International, Inc. (NYSE:EAT) shares last traded on Wall Street rose 6.68% to $67.06.
EAT stock price is now -0.70% away from the 50-day moving average and 31.16% away from the 200-day moving average. The market capitalization of the company currently stands at $2.98B.
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With the price target maintained at $72, KeyBanc Capital Markets recently Upgraded its rating from Sector Weight to Overweight for Brinker International, Inc. (NYSE: EAT). On July 08, 2024, Raymond James Downgraded its previous ‘Strong Buy’ rating to ‘Outperform’ on the stock increasing its target price from $62 to quote $82.50, while ‘Argus’ rates the stock as ‘Buy’
In other news, Comings Douglas N., SVP & COO, Chili’s sold 2,953 shares of the company’s stock on Jun 05 ’24. The stock was sold for $215,480 at an average price of $72.97. Upon completion of the transaction, the SVP & COO, Chili’s now directly owns 38,164 shares in the company, valued at $2.56 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 30 ’24, SVP, Chief Legal Officer Fuller Daniel S sold 3,611 shares of the business’s stock. A total of $249,303 was realized by selling the stock at an average price of $69.04. This leaves the insider owning 34,764 shares of the company worth $2.33 million. A total of 1.72% of the company’s stock is owned by insiders.
During the past 12 months, Brinker International, Inc. has had a low of $28.23 and a high of $76.02. As of last week, the company has a debt-to-equity ratio of 47.48, a current ratio of 0.38, and a quick ratio of 0.14. According to the stock market information, the enterprise value for the company is $4616041984, which is based on a 19.64 price-to-earnings ratio, a 0.95 price-to-earnings-growth ratio, and a beta of 2.53. The fifty day moving average price for EAT is $67.5294 and a two-hundred day moving average price translates $51.127 for the stock.
The latest earnings results from Brinker International, Inc. (NYSE: EAT) was released for 2024-06-26. The company reported revenue of $1.12 billion for the quarter, compared to $1.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.43 percent. For the current quarter, analysts expect EAT to generate $1.07B in revenue.
