47.7 F
New York
Tuesday, November 24, 2020

Investor Confidence is Rising for Brinker International Inc. (NYSE:EAT)

Must read

The Forecast Just Changed on Leslie’s Inc. (NASDAQ:LESL)

Leslie's Inc. (LESL) shares are trading at lower $20.52. To add more color to this target, the company’s high over the last year is...

Is the Rough Ride Over for RCM Technologies Inc. (RCMT)

RCM Technologies Inc. (RCMT) shares are trading at higher $1.48 and the avg recommendation for the stock is Moderate Buy. To add more color...

Renewed Optimism is Surrounding TAL Education Group (NYSE:TAL)

TAL Education Group (TAL) shares are trading at lower $73.36 and the avg recommendation for the stock is Strong Buy, while the current analyst...

The Last Few Sessions Have AcelRx Pharmaceuticals Inc. (ACRX) Soaring

AcelRx Pharmaceuticals Inc. (ACRX) shares are trading at lower $1.46 and the avg recommendation for the stock is Moderate Buy. To add more color...

Brinker International Inc. (EAT) shares are trading at higher $37.18 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $35.57.

To add more color to this target, the company’s high over the last year is $47.57 and the low is $7.00. Over the last 52 weeks, EAT is down -21.84% while the S&P 500 is up 0.32%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, EAT reported a profit of $127.2 million. Brinker International Inc. also saw revenues increase to $860.0 million. In addition, EAT has free cash flow of $155.8 million as of 03-2020. The company’s EBITDA came in at $84.6 million which compares well with its peers.

EAT booked profit margins of 4.50%, its Return on Equity (ROE) is -22.20%, and its Return on Assets is 6.30%. All told, it is clear that, EAT needs to be on your watchlist.

Find out when EAT reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. EAT has a short ratio of 2.08 and outstanding shares of 44.96M.

Company Outlook

EAT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 4.0 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.74. Brinker International Inc. EAT also noted assets of $2.59 billion at the end of the last quarter. Investors should also keep an eye on sector updates as EAT has historically followed its peers on positive news.

All told, Brinker International Inc. EAT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, EAT represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Brinker International Inc. EAT is now commanding a market cap of 1.66B and a float of 40.37M. EAT is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of EAT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in EAT, either long or short, and we have not been compensated for this article.

Latest article

Is the Rough Ride Over for Axalta Coating Systems Ltd. (AXTA)

Axalta Coating Systems Ltd. (AXTA) shares are trading at higher $28.49 and the avg recommendation for the stock is Moderate Buy, while the current...

Levi Strauss & Co. (NYSE:LEVI) Recent Earnings Shows Major Promise

Levi Strauss & Co. (LEVI) shares are trading at higher $19.01 and the avg recommendation for the stock is Strong Buy, while the current...

Will Willis Towers Watson Public Limited Company (WLTW) Find a Support Level Soon?

Willis Towers Watson Public Limited Company (WLTW) shares are trading at higher $203.92 and the avg recommendation for the stock is Moderate Buy, while...

Ocular Therapeutix Inc. (NASDAQ:OCUL) Finding Strong Support

Ocular Therapeutix Inc. (OCUL) shares are trading at higher $14.99 and the avg recommendation for the stock is Strong Buy, while the current analyst...

Renewed Optimism is Surrounding CTI BioPharma Corp. (NASDAQ:CTIC)

CTI BioPharma Corp. (CTIC) shares are trading at higher $3.80 and the avg recommendation for the stock is Moderate Buy, while the current analyst...