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Brinker International (EAT) in Focus: Stock Moves 7.1% Higher
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Brinker International, Inc.(EAT - Free Report) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $30.47 to $32.85 in the past one-month time frame.
The upside was driven by investors' confidence in Chili’s new menu and operational focus to enhance speed.
The company has seen four negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Is EAT going up? Or down? Predict to see what others think: Up or Down
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Brinker International (EAT) in Focus: Stock Moves 7.1% Higher
Brinker International, Inc.(EAT - Free Report) was a big mover last session, as the company saw its shares rise more than 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $30.47 to $32.85 in the past one-month time frame.
The upside was driven by investors' confidence in Chili’s new menu and operational focus to enhance speed.
The company has seen four negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Brinker International, Inc. Price
Brinker International, Inc. Price | Brinker International, Inc. Quote
Brinker International currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
A better-ranked stock in the Retail-Wholesale sector is J D Wetherspoon plc (JDWPY - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is EAT going up? Or down? Predict to see what others think: Up or Down
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>