Summary
- Brinker International (EAT) shows strong technical indicators with a 100% buy signal, 188.28+ Weighted Alpha, and 181.78% gain in the last year.
- The stock is above its 20, 50, and 100-day moving averages, with 13 new highs and a 21.24% increase in the last month.
- Fundamental factors include a market cap of $4.17 billion, P/E of 22.44, and projected revenue and earnings growth over the next five years.
- Analysts' sentiment is mixed with 3 strong buys, 2 buys, 12 holds, and 2 sells, while price targets range between $40 and $100.
The Chart of the Day belongs to the owner of Chili's Brinker International (EAT) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 8/23 the stock gained 30.65%.
Brinker International, Inc., together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. The company operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands. It also operates virtual brands, It's Just Wings. The company was founded in 1975 and is headquartered in Dallas, Texas.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 188.28+ Weighted Alpha
- 181.78% gain in the last year
- Trend Seeker buy signal
- 2.51 - 60 month Beta
- Above its 20, 50 and 100 day moving averages
- 13 new highs and up 21.24% in the last month
- Relative Strength Index 73.34%
- Technical support level at $92.12
- Recently traded at $92.93 with 50 day moving average of $76.18
Fundamental Factors:
- Market Cap $4.17 billion
- P/E 22.44
- Revenue expected to grow 4.20% this year and another 3.30% next year
- Earnings are estimated to increase 16.30% this year, an additional 10.50% next year and continue to increase at a compounded annual rate of 12.95% for the next 5 years
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analyst gave 3 strong buy, 2 buy, 12 hold and 2 sell opinions on the stock
- Analysts' price targets are between $40 and $100
- Value Line rates the stock its average rating of 3 with a price target of $99 or 5% above its recent closing
- CFRAs MarketScope rates the stock a hold
- MorningStar gives the stock its average rating of 3 with a fair value of $94.11
- 15.660 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
