Downgrade Alert for Brinker International (EAT)
Brinker International (NYSE:EAT) was downgraded from Mixed to Negative at OTR Global today. The stock closed yesterday at $46.37 on volume of 1.6 million shares, above average daily volume of 1.3 million.
In the past 52 weeks, Brinker International share prices have been bracketed by a low of $43.20 and a high of $60.34 and closed yesterday at $46.37, 7% above that low price. The 200-day and 50-day moving averages have moved 0.45% lower and 0.48% lower over the past week, respectively.
There is potential upside of 19.2% for shares of Brinker International based on a current price of $46.37 and an average consensus analyst price target of $55.25. The stock should find initial resistance at its 50-day moving average (MA) of $47.07 and further resistance at its 200-day MA of $49.24.
Brinker International, Inc. is a restaurant operator who owns, operates or franchises establishments in the United States and internationally. These restaurants offer customers burgers, ribs, salads, steaks, classic Italian fare, and Tex-Mex offerings.
SmarTrend is monitoring the recent change of momentum in Brinker International. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Brinker International in search of a potential trend change.
Keywords: analyst upgrades/downgrades Brinker International