Brinker International (EAT) :The total money flow, which is calculated as the dollar value of composite uptick minus downtick trades was negative ($1.52 million) and the uptick to downtick ratio was 0.68. The transaction value on upticks was $3.18 million and on downticks, the transaction value was $4.7 million. The transaction value of block trades during downticks was $1.37 million. The money flow was negative ($1.37 million), indicating the traders were booking profit on the price strength. Brinker International (EAT) rose $0.08 at $53.51, during intraday Tuesday , a rise of 0.15% over the previous days close.
Also, Canaccord Genuity initiates coverage on Brinker International (NYSE:EAT).The analysts at the brokerage house have a current rating of Hold on the shares. The rating by the firm was issued on August 22, 2016.
Brinker International, Inc. has dropped 0.74% in the last five trading days, however, the shares have posted positive gains of 13.04% in the last 4 weeks. Brinker International, Inc. is up 20.08% in the last 3-month period. Year-to-Date the stock performance stands at 13.24%.
Brinker International (NYSE:EAT): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $53.24 and $53.13 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $53.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $53.57, notching a gain of 0.26% for the day. The total traded volume was 1,143,080 . The stock had closed at $53.43 on the previous day.
In a related news,The officer (SVP Chief Information Officer) of Brinker International Inc, Doyle David Roy sold 15,187 shares at $54.32 on August 15, 2016. The Insider selling transaction had a total value worth of $824,958. The Insider information was disclosed with 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.