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Brinker International (EAT) in Focus: Stock Moves 7.1% Higher

Brinker International, Inc.EAT 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

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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, 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

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Brinker International, Inc. (EAT) : Free Stock Analysis Report
 
J d Wetherspoon Plc (JDWPY) : Free Stock Analysis Report
 
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