Why Brinker International, Inc.’s (EAT) Stock Is Up 4.64%

By Jenna Brashear
May 06, 2024
Featured Tickers:
EAT

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Brinker International, Inc. before investing.

In this article, we go over a few key elements for understanding Brinker International, Inc.’s stock price such as:

  • Brinker International, Inc.’s current stock price and volume
  • Why Brinker International, Inc.’s stock price changed recently
  • Upgrades and downgrades for EAT from analysts
  • EAT’s stock price momentum as measured by its relative strength

About Brinker International, Inc. (EAT)

Before we jump into Brinker International, Inc.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Brinker International, Inc. is a casual dining restaurant company. The Company owns, develops, operates and franchises the Chilis Grill & Bar (Chilis) and Maggianos Little Italy (Maggianos) restaurant brands, as well as a virtual brand, Its Just Wings. The Company operates through two segments: Chili’s and Maggiano’s. The Chili’s segment includes the Company-owned Chili’s restaurants, which are principally located in the United States, within the full-service casual dining segment of the industry. The Chili’s segment also has Company-owned restaurants in Canada, and franchised locations in the United States, other countries and two United States territories. The Maggiano’s segment includes the Company-owned Maggiano’s restaurants in the United States as well as its domestic franchise business. The Company owns, operates or franchises approximately 1,600 restaurants in approximately 29 countries and two United States territories.

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Brinker International, Inc.’s Stock Price as of Market Close

As of May 06, 2024, 4:00 PM, CST, Brinker International, Inc.’s stock price was $57.53.

Brinker International, Inc. is up 4.64% from its previous closing price of $54.98.

During the last market session, Brinker International, Inc.’s stock traded between $54.78 and $56.30. Currently, there are 44.30 million shares of Brinker International, Inc. stock available for purchase.

Brinker International, Inc.’s price-earnings (P/E) ratio is currently at 16.4, which is low compared to the Restaurants & Bars industry median of 19.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Brinker International, Inc. Stock Price History

Brinker International, Inc.’s (EAT) price is currently up 7.33% so far this month.

During the month of May, Brinker International, Inc.’s stock price has reached a high of $58.04 and a low of $53.02.

Over the last year, Brinker International, Inc. has hit prices as high as $56.30 and as low as $28.23. Year to date, Brinker International, Inc.’s stock is up 80.29%.

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What Caused Brinker International, Inc. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 03, 2024, there were 0 analysts who downgraded Brinker International, Inc.’s stock and 16 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Brinker International, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Brinker International, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Brinker International, Inc.’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Brinker International, Inc. (EAT) by visiting AAII Stock Evaluator.

Relative Price Strength of Brinker International, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 03, 2024, Brinker International, Inc. has a weighted four-quarter relative price strength of 6.92%, which translates to a Momentum Score of 80 and is considered to be Strong.

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Brinker International, Inc. Stock Price: Bottom Line

As of May 6, 2024, Brinker International, Inc.’s stock price is $57.53, which is up 4.64% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Brinker International, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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