3,627 Shares in Brinker International, Inc. $EAT Purchased by Invst LLC

Invst LLC purchased a new position in Brinker International, Inc. (NYSE:EAT) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,627 shares of the restaurant operator’s stock, valued at approximately $541,000.

Several other institutional investors also recently modified their holdings of EAT. Alyeska Investment Group L.P. bought a new position in shares of Brinker International in the 1st quarter worth about $76,114,000. Westfield Capital Management Co. LP increased its stake in shares of Brinker International by 102.0% in the 1st quarter. Westfield Capital Management Co. LP now owns 995,713 shares of the restaurant operator’s stock worth $148,411,000 after acquiring an additional 502,897 shares in the last quarter. Nuveen LLC purchased a new stake in Brinker International during the 1st quarter valued at about $55,808,000. Samlyn Capital LLC purchased a new stake in Brinker International during the 1st quarter valued at about $44,557,000. Finally, Man Group plc grew its position in Brinker International by 293.6% during the 4th quarter. Man Group plc now owns 239,306 shares of the restaurant operator’s stock valued at $31,658,000 after purchasing an additional 178,503 shares during the last quarter.

Insider Buying and Selling

In related news, Director Harriet Edelman sold 8,325 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $157.00, for a total value of $1,307,025.00. Following the transaction, the director owned 28,905 shares of the company’s stock, valued at approximately $4,538,085. This trade represents a 22.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Douglas N. Comings sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $156.48, for a total transaction of $2,503,680.00. Following the completion of the transaction, the chief operating officer directly owned 12,951 shares in the company, valued at approximately $2,026,572.48. The trade was a 55.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,325 shares of company stock valued at $10,754,785. 1.72% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on EAT. Stifel Nicolaus increased their price objective on shares of Brinker International from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. BMO Capital Markets increased their price objective on shares of Brinker International from $150.00 to $170.00 and gave the company a “market perform” rating in a research report on Thursday, August 14th. Evercore ISI raised shares of Brinker International from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $190.00 to $210.00 in a research report on Thursday, September 4th. Wall Street Zen downgraded shares of Brinker International from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 16th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Brinker International from $160.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, June 25th. Five research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, Brinker International currently has a consensus rating of “Hold” and an average target price of $172.59.

Brinker International Stock Performance

Shares of NYSE EAT opened at $153.92 on Friday. The firm’s 50-day moving average price is $158.84 and its 200-day moving average price is $156.63. The company has a quick ratio of 0.25, a current ratio of 0.31 and a debt-to-equity ratio of 1.15. The company has a market cap of $6.85 billion, a PE ratio of 18.52, a PEG ratio of 1.01 and a beta of 1.43. Brinker International, Inc. has a 52-week low of $68.94 and a 52-week high of $192.21.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.02. The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.42 billion. Brinker International had a net margin of 7.12% and a return on equity of 211.86%. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.61 EPS. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current year.

Brinker International Profile

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.