|Bid||24.19 x 800|
|Ask||24.59 x 800|
|Day's range||24.01 - 25.15|
|52-week range||7.00 - 47.57|
|Beta (5Y monthly)||2.19|
|PE ratio (TTM)||7.75|
|Earnings date||11 Aug 2020 - 17 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||05 Mar 2020|
|1y target est||27.79|
Chegg, Brinker International, Microsoft, SAP and Appian highlighted as Zacks Bull and Bear of the Day
Comments from the Fed chairman certainly didn't remove the doom and gloom surrounding the restaurant industry.
Restaurant stocks are on fire...in a good way. Brinker International (NYSE: EAT) is soaring nearly 30% on an earnings beat, and Cheesecake Factory (NASDAQ: CAKE) and Darden Restaurants (NYSE: DRI) jumped as much as 20% and 8%, respectively, as more states talk about reopening parts of their economies. Restaurant stocks continued to rebound from their initial sell-off as COVID-19 took the nation's attention.
Brinker International (EAT) delivered earnings and revenue surprises of 166.67% and 1.19%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Brinker International (EAT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Shares of BJ's Restaurants (NASDAQ: BJRI), Bloomin' Brands (NASDAQ: BLMN), and Brinker International (NYSE: EAT), well-known restaurant companies, all jumped over 10% Monday after the hard-hit industry sensed that some states are pushing to dial back social-distancing measures. The restaurant industry, especially brands that rely heavily on the dine-in crowd rather than pickup and delivery, has been hard hit during COVID-19 as social distancing and closed restaurants have slowed sales to a near standstill.
Union Square Hospitality Group founder and CEO Danny Meyer discusses the state of the restaurant industry amidst the height of the coronavirus outbreak.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.