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Is Brinker International, Inc. (EAT) Stock About to Get Hot Wednesday?

Wednesday, February 28, 2024 12:34 PM | InvestorsObserver Analysts

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Is Brinker International, Inc. (EAT) Stock About to Get Hot Wednesday?

Overall market sentiment has been high on Brinker International, Inc. (EAT) stock lately. EAT receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Brinker International, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on EAT!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With EAT Stock Today?

Brinker International, Inc. (EAT) stock is up 0.92% while the S&P 500 has fallen -0.19% as of 12:29 PM on Wednesday, Feb 28. EAT has risen $0.43 from the previous closing price of $46.73 on volume of 233,973 shares. Over the past year the S&P 500 has gained 27.27% while EAT has risen 24.04%. EAT earned $3.41 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 13.83.

More About Brinker International, Inc.

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 famous 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. Click Here to get the full Stock Report for Brinker International, Inc. stock.

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