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Brinker International, Inc. (EAT)
NYSE - NYSE Delayed Price. Currency in USD
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425 reactions on $EAT conversation
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Based off my math $EAT has about 3m left of shares to sell.
When those 3m shares are gone..... we will only be left with disgruntled ex-ACBshareholders selling Ausa and trying to manipulate the gullible ones. In other words green sky afterwards. Very excited about the Audacious future!
Good entry around 31.
they used to pay a nice dividend bring it back. but pay a little less.
On the call they said they would buy back up to $300 Million which is 13%. They also said they expected shares for 2022 to be between 45-47 Million.
13% reduction from 45 million shares brings it to under 41 million shares based on where it is today. Seems contradictory?
If they buyback $300 million in stock at this level, that is 13%. Wonder if they will use all of the $300 million and by when?
Maintains Morgan Stanley Equal-Weight USD 74 » USD 68
Maintains Wedbush Outperform USD 81 » USD 76
Maintains Barclays Equal-Weight USD 66 » USD 60
Target Lowered by Raymond James Financial Outperform USD 75 » USD 67.5
Target Lowered by Deutsche Bank Hold USD 73 » USD 58
Maintains KeyBanc Overweight USD 77 » USD 63
34% decline since its high of $78 and I I bleieve the trend only continues, my target is $43.86 but may take several weeks to get there but it will.
Classic case of woulda, shoulda, coulda. Bought this early in covid and watched it more than double. Now watching it give back all the gains. Gotta learn better timing.
As someone that frequents EAT, it is overvalued. Most restaurants are bar only dining. Its had a huge run from the 2020 COVID lows, there is no more up side. Longs should sell, or short here. The downside is greater than upside.
The price is plunging and god knows why!
EAT stock price currently at $ 63. Stock was at 40 bucks a share in late 2/20 prior to the pandemic. How can it be 50% higher than pre pandemic? What am I missing here ?
Hard to figure out what this thing is going to do. I thought I jumped the gun selling 5k shares at 30. Haven't bought back in yet but I'm thinking about it. I don't think it will get back down to my original price of 14.50. Bars are closing in Tx and I see folks getting nervous and selling. Thoughts from anyone here? Hard to tell what the bottom is.
Bought 4K Shares. This will be my first dividend stock I ever own... So owning 4K Shares Nets me $800 a quarter ? And is their a cap if wanted to buy 5k more shares to bring more quarterly money?
So next year when the virus is gone either by time or vaccine is created. EAT is higher then $10 right?
What most do not understand about the world of restaurants is there is a finite number of transactions that can be properly handled in a specified time frame. Most are measured in 15 minute to 60 minute measurement periods. A kitchen can only handle a certain amount of guest checks with quality and time guidelines, hour after hour.
Restaurants could control this in the old days by throttling at the front door, to help pace the ticket flow to the kitchen.
With the new world of Covid , its now turned into a 3 headed monster - control the front door, throttle on line orders to a set amount per 15 minutes and the same with phone in orders.Ultimately, the kitchen cant handle more guest checks than before - in fact, it will be less as its more difficult to do dine in and to go with a high degree of excellence.
A few of your commentators are very impressed with the success of their new To Go results .. should be applauded as the consumers demands have changed and EAT and a few others have pivoted very quickly.Some are very impressed with the continued growth of to go sales and are now doing 60-65 % of pre -covid sales. In the end, restaurants will not serve more guests as most full service kitchens are not built to accommodate high % of dine in and to go - 2 very different machinations going on along with heavy packaging fees and commissions for online and delivery sales.Margins were thin before COVID - even returning to 100% occupancy they will take a serious hit even with the best operators. Good luck trying to keep a 40-50 dining room full and running a heavy to go program at the same time.
EAT has a great legacy but I would not be long on any restaurant stock in this time... way too many variables and i didn't even get into the largest hurdle and that's the staffing side.
"Brinker International (EAT): Morgan cites an "uncertain longer-term sales trajectory" at the company's Chili's chain, and growing competition generally in the bar and grill category. The firm also notes that the company is more highly leveraged than most casual-dining chains."
Great price activity, went toChili’s to celebrate, 25% seating, and still sparce.
Is this really worth more now than in February when they were 100% open?
new offering closes may 11. 7 million new shares hitting market at cost of 18.50. The underwriters will keep this up a few bucks over that so their clients can make some money off the trade. I see 17.50 the top for next Friday's option close. I am buying puts on every up day. LOL all these rookies like Mike just do not know how the real world works.
Bought a hundred shares last spring. Avg cost basis at 18. Sold for 51. Not a bad little profit at all.
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