Brinker International (EAT) has risen sharply, recording gains of 11.55% in the past 4 weeks. However, the stock has corrected -0.46% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 11.13% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Brinker International, Inc. is up 22.22% in the last 3-month period. Year-to-Date the stock performance stands at 13.9%. The stock has recorded a 20-day Moving Average of 9.93% and the 50-Day Moving Average is 13.25%.
Brinker International (NYSE:EAT): The stock opened at $54.15 on Friday but the bulls could not build on the opening and the stock topped out at $54.16 for the day. The stock traded down to $53.48 during the day, due to lack of any buying support eventually closed down at $53.88 with a loss of -0.68% for the day. The stock had closed at $54.25 on the previous day. The total traded volume was 1,614,836 shares.
Also, Equity analysts at the Brokerage firm Barclays maintains its rating on Brinker International (NYSE:EAT). The rating major has initiated the coverage with equal-weight rating on the shares. The Analysts at Barclays raises the price target from $48 per share to $55 per share. The rating by the firm was issued on August 12, 2016.
Brinker International, Inc. (Brinker) owns, develops, operates and franchises the Chilis Grill & Bar (Chilis) and Maggianos Little Italy (Maggianos) restaurant brands. At September 24, 2014, the Company owned, operated or franchised 1,622 restaurants in the United States and 29 countries and two territories outside of the United States. Chilis operates in the Bar and Grill category of casual dining. The Company has operations around the world, with locations in 32 foreign countries and two United States territories. Maggianos is a full-service, casual dining Italian restaurant brand. Its Maggianos restaurants feature individual and family-style menus, and its restaurants also have banquet facilities designed to host party business or social events.