Brinker International - Good Eats

The Barchart Chart of the Day belongs to the retail restaurant chain Brinker International (NYSE:EAT). I found the stock by using Barchart to sort the Russell 3000 Index stocks first by the most frequent number of new highs in the last month, then used the Flipchart feature to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy on 7/29 the stock gained 64.10%.

Brinker International, Inc., together with its subsidiaries, owns, develops, operates, and franchises casual dining restaurants in the United States and internationally. As of June 24, 2020, it owned, operated, or franchised 1,663 restaurants comprising 1,610 restaurants under the Chili's Grill & Bar name and 53 restaurants under the Maggiano's Little Italy brand name. The company was founded in 1975 and is based in Dallas, Texas.

EAT Brinker International

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates.

Barchart technical indicators:

  • 72% technical buy signals
  • 76.74+ Weighted Alpha
  • 22.23% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 19 new highs and up 79.45% gain in the last month
  • Relative Strength Index 81.20%
  • Technical support level at 45.15
  • Recently traded at 46.62 with a 50 day moving average of 30.36

Fundamental factors:

  • Market Cap $2.15 billion
  • P/E 25.20
  • Revenue expected to grow 8.40% this year and another 5.60% next year
  • Earnings estimated to increase 22.20% this year, an additional 61.20% next year and continue to compound at an annual rate of 8.46% for the next 5 years
  • Wall Street analysts issued 9 strong buy and 10 hold recommendations on the stock
  • The individual investors following the stock on Motley Fool voted 194 to 94 that the stock will beat the market
  • 8,280 investors are monitoring the stock on Seeking Alpha

Disclosure: None.

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