Top investors say Brinker International Inc. (EAT) ticks everything they need

Brinker International Inc. (NYSE: EAT) stock jumped 0.33% on Tuesday to $39.47 against a previous-day closing price of $39.34. With 0.81 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.01 million shares. During the session, the Restaurants company that operates in wider Consumer Cyclical sector, reached to the highest price of $39.79 whereas the lowest price it dropped to was $38.67. The 52-week range on EAT shows that it touched its highest point at $42.12 and its lowest point at $21.47 during that stretch. It currently has a 1-year price target of $40.23. Beta for the stock currently stands at 2.37.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EAT was up-trending over the past week, with a rise of 5.14%, but this was up by 0.33% over a month. Three-month performance dropped to -3.09% while six-month performance rose 16.53%. The stock gained 44.26% in the past year, while it has gained 23.69% so far this year. A look at the trailing 12-month EPS for EAT yields 1.96 with Next year EPS estimates of 3.66. For the next quarter, that number is 1.34. This implies an EPS growth rate of -8.70% for this year and 31.79% for next year. EPS is expected to grow by 8.65% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -2.60%.

Float and Shares Shorts:

At present, 44.10 million EAT shares are outstanding with a float of 43.05 million shares on hand for trading. On Apr 27, 2023, short shares totaled 6.02 million, which was 13.58% higher than short shares on Mar 30, 2023. In addition to ET as the firm’s Energy Transfer LP, CAT serves as its Caterpillar, Inc.

Institutional Ownership:

Through their ownership of 109.28% of EAT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 67.32% of EAT, in contrast to 6.82% held by mutual funds. Shares owned by individuals account for 37.72%. As the largest shareholder in EAT with 14.76% of the stake, BlackRock Fund Advisors holds 6,505,087 shares worth 6,505,087. A second-largest stockholder of EAT, Fidelity Management & Research Co, holds 5,791,327 shares, controlling over 13.14% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in EAT, holding 5,041,521 shares or 11.44% stake. With a 7.26% stake in EAT, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 3,199,819 shares are owned by the mutual fund manager. The Franklin Small Cap Value Fund, which owns about 5.40% of EAT stock, is the second-largest Mutual Fund holder. It holds 2,380,477 shares valued at 95.03 million. Fidelity Small Cap Value Fund holds 4.22% of the stake in EAT, owning 1,860,036 shares worth 74.25 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 28, 2023, EAT reported revenue of $1.02B and operating income of $57.80M. The EBITDA in the recently reported quarter was $97.60M and diluted EPS was $0.90.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EAT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With EAT analysts setting a high price target of $48.00 and a low target of $35.00, the average target price over the next 12 months is $40.23. Based on these targets, EAT could surge 21.61% to reach the target high and fall by -11.33% to reach the target low. Reaching the average price target will result in a growth of 1.93% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded EAT stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 68 while that of sell transactions has risen to 29 over the past year. The total number of shares bought during that period was 299,164 while 52,554 shares were sold.

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