EAT Stock Summary and Trading Ideas (Brinker International | NYSE:EAT)

Brinker International Inc operates casual dining restaurants under the brand's Chili Grill and Bar (Chili's) and Maggiano's Little Italy (Maggiano's). Chili's falls in the Bar and Grill category of casual dining. Its menu features Fresh Mex and Fresh Tex favorites including signature items such as slow-smoked baby back ribs, craft burgers, fajitas, and bottomless chips and salsa paired with tableside guacamole. Maggiano's is an Italian restaurant brand with a full lunch and dinner menu offering chef-prepared, such as appetizers, chicken, seafood, veal and prime steaks, and desserts. The company generates maximum revenue from Chili's segment.

Brinker International trades on the NYSE stock market under the symbol EAT.

As of April 24, 2024, EAT stock price declined to $47.59 with 728,542 million shares trading.

EAT has a beta of 1.09, meaning it tends to be more sensitive to market movements. EAT has a correlation of 0.13 to the broad based SPY ETF.

EAT has a market cap of $2.12 billion. This is considered a Mid Cap stock.

Last quarter Brinker International reported $1 billion in Revenue and $.99 earnings per share. This fell short of revenue expectation by $-6 million and exceeded earnings estimates by $.04.

In the last 3 years, EAT stock traded as high as $71.78 and as low as $21.47.

The top ETF exchange traded funds that EAT belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

EAT stock has underperformed the market in the last year with a return of +21.5%, while SPY returned +24.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in EAT shares. However, EAT has outperformed the market in the last 3 month and 2 week periods, returning +19.9% and -0.7%, while SPY returned +4.6% and -2.7%, respectively. This indicates EAT has been having a stronger performance recently.

EAT support price is $46.70 and resistance is $49.30 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EAT stock will trade within this expected range on the day.