Brinker International (NYSE:EAT) : Traders are bullish on Brinker International (NYSE:EAT) as it has outperformed the S&P 500 by a wide margin of 0.85% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.51%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.81% in the last 1 week, and is up 2.48% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -19.45% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $60.34 and the one year low was seen on Dec 3, 2015. The 50-Day Moving Average price is $45.61 and the 200 Day Moving Average price is recorded at $46.88.
The stock has recorded a 20-day Moving Average of 3.5% and the 50-Day Moving Average is 4.69%.
Brinker International (NYSE:EAT): stock turned positive on Friday. Though the stock opened at $47.6, the bulls momentum made the stock top out at $47.8 level for the day. The stock recorded a low of $47.3 and closed the trading day at $47.54, in the green by 0.83%. The total traded volume for the day was 1,043,263. The stock had closed at $47.15 in the previous days trading.
In an insider trading activity, The officer (VP, Corp. Affairs & Inv. Rel.), of Brinker International Inc, Taylor Joseph G had unloaded 2,500 shares at $46.87 per share in a transaction on May 3, 2016. The total value of transaction was $117,175. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Brinker International, Inc. (Brinker) owns, develops, operates and franchises the Chilis Grill & Bar (Chilis) and Maggianos Little Italy (Maggianos) restaurant brands. At September 24, 2014, the Company owned, operated or franchised 1,622 restaurants in the United States and 29 countries and two territories outside of the United States. Chilis operates in the Bar and Grill category of casual dining. The Company has operations around the world, with locations in 32 foreign countries and two United States territories. Maggianos is a full-service, casual dining Italian restaurant brand. Its Maggianos restaurants feature individual and family-style menus, and its restaurants also have banquet facilities designed to host party business or social events.