Oct. 9 at 12:06 AM
$EAT For context we get back to back upgrades by two reputable forms monday and tuesday with price targets 50% higher than the current share price. Monday, we go down 7 cents and tuesday we rally a whopping 50 cents or so. Today first day without support from an analyst singing Chili's praises and we immediately drop another
$5 for no reason albeit on lower volume. Worst performing restaurant on my watchlist by far. RSI is 24 now. Makes me wonder if there is bad news lurking somewhere. This is a really strong company but is bucking the trend when it comes to the overall market strength. If you believe current estimates (I do) then the stock is cheap at just 11.5x and 8x EBITDA with healthy traffic. This is not Cracker Barrel.