Brinker International, Inc. (NYSE:EAT) has a beta value of 2.24 and has seen 5,414,469 shares traded in the last trading session. The company, currently valued at $1Billion, closed the last trade at $22.27 per share which meant it lost -$1.1 on the day or -4.87% during that session. The EAT stock price is -113.61% off its 52-week high price of $47.57 and 68.57% above the 52-week low of $7. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.94 Million shares traded. The 3-month trading volume is 3.75 Million shares.
The consensus among analysts is that Brinker International, Inc. (EAT) is an Overweight stock at the moment, with a recommendation rating of 2.6. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 12 out of 23 have rated it as a Hold, with 8 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is -$1.48.
Brinker International, Inc. (NYSE:EAT) trade information
Despite being -4.87% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the EAT stock price touched $25.94- or saw a rise of 14.15%. Year-to-date, Brinker International, Inc. shares have moved -46.98%, while the 5-day performance has seen it change -8.01%. Over the past 30 days, the shares of Brinker International, Inc. (NYSE:EAT) have changed -14.02%. Short interest in the company has seen 6.22 Million shares shorted with days to cover at 1.66.
Wall Street analysts have a consensus price target for the stock at $28.5, which means that the shares’ value could jump 27.97% from current levels. The projected low price target is $17 while the price target rests at a high of $35. In that case, then, we find that the current price level is +57.16% off the targeted high while a plunge would see the stock lose -23.66% from current levels.
Brinker International, Inc. (EAT) estimates and forecasts
Figures show that Brinker International, Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -47.09% over the past 6 months, with this year growth rate of -71.76%, compared to -22.2% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -208.8% and -239% for the next quarter. Revenue growth from the last financial year stood is estimated to be -4.4%.
17 analysts offering their estimates for the company have set an average revenue estimate of $563.3 Million for the current quarter. 14 have an estimated revenue figure of $711.21 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $834.1 Million and $786Million respectively for this quarter and the next, and analysts expect sales will grow by -32.5% for the current quarter and -9.5% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +11.9% over the past 5 years. Earnings growth for 2020 is a modest +36.7% while over the next 5 years, the company’s earnings are expected to increase by -10.59%.
Brinker International, Inc. (NYSE:EAT)’s Major holders
Insiders own 1.65% of the company shares, while shares held by institutions stand at 112.8% with a share float percentage of 114.69%. Investors are also buoyed by the number of investors in a company, with Brinker International, Inc. having a total of 340 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 5.64 Million shares worth more than $67.72 Million. As of March 30, 2020, Vanguard Group, Inc. (The) held 12.54% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 4.38 Million shares as of March 30, 2020. The firm’s total holdings are worth over $52.63 Million and represent 9.75% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are JP Morgan Value Advantage Fund and Vanguard Fenway Funds-Equity Income Fund. As of March 30, 2020, the former fund manager holds about 2.98% shares in the company for having 1340357 shares of worth $16.1 Million while later fund manager owns 1.23 Million shares of worth $14.75 Million as of March 30, 2020, which makes it owner of about 2.73% of company’s outstanding stock.