Brinker International, Inc. $EAT Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. decreased its holdings in Brinker International, Inc. (NYSE:EAT) by 61.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,287 shares of the restaurant operator’s stock after selling 3,658 shares during the quarter. Meeder Asset Management Inc.’s holdings in Brinker International were worth $384,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of EAT. NewEdge Advisors LLC grew its position in Brinker International by 1,118.9% in the 1st quarter. NewEdge Advisors LLC now owns 1,158 shares of the restaurant operator’s stock valued at $173,000 after buying an additional 1,063 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Brinker International by 271.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 846 shares of the restaurant operator’s stock worth $153,000 after buying an additional 618 shares in the last quarter. First Trust Advisors LP raised its position in shares of Brinker International by 1.9% during the 2nd quarter. First Trust Advisors LP now owns 52,249 shares of the restaurant operator’s stock worth $9,422,000 after buying an additional 978 shares in the last quarter. Baird Financial Group Inc. acquired a new stake in shares of Brinker International in the 2nd quarter worth approximately $3,222,000. Finally, Brown Advisory Inc. lifted its stake in shares of Brinker International by 33.0% in the 2nd quarter. Brown Advisory Inc. now owns 1,789 shares of the restaurant operator’s stock worth $323,000 after acquiring an additional 444 shares during the period.

Brinker International Trading Down 2.7%

Shares of NYSE:EAT opened at $235.22 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.45. The stock has a market capitalization of $10.09 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 1.32 and a beta of 1.23. Brinker International, Inc. has a 1-year low of $100.30 and a 1-year high of $253.71. The company has a 50 day moving average price of $190.57 and a 200 day moving average price of $161.90.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the company earned $2.30 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. On average, research analysts anticipate that Brinker International, Inc. will post 13.24 EPS for the current fiscal year.

Insider Buying and Selling

In other Brinker International news, SVP Daniel S. Fuller sold 9,960 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $243.43, for a total value of $2,424,562.80. Following the completion of the sale, the senior vice president owned 32,086 shares in the company, valued at $7,810,694.98. This represents a 23.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Douglas N. Comings sold 5,000 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $236.29, for a total transaction of $1,181,450.00. Following the completion of the transaction, the chief operating officer directly owned 17,527 shares in the company, valued at $4,141,454.83. This trade represents a 22.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 133,105 shares of company stock worth $32,070,729 over the last ninety days. 1.43% of the stock is currently owned by corporate insiders.

Key Brinker International News

Here are the key news stories impacting Brinker International this week:

• Positive Sentiment: Zacks highlighted rising earnings estimates for Brinker International, suggesting improving analyst expectations could support the shares. The company recently reported revenue growth of 5.1% year over year and expects fiscal 2027 EPS of $12.60 to $13.40. Earnings Estimates Moving Higher for Brinker International
• Positive Sentiment: Brinker’s strong price momentum and growth profile remain supportive factors. Zacks noted that EAT had gained 5.31% over the prior week and may appeal to momentum and growth investors. Brinker International Growth Stock Analysis
• Neutral Sentiment: Piper Sandler raised its price target from $166 to $240 but kept a Neutral rating, indicating improved expectations while signaling limited upside at recent levels. Northcoast Research also moved its rating to Neutral. Piper Sandler Raises Brinker Price Target
• Negative Sentiment: Several senior executives reduced their holdings. CEO Kevin Hochman sold 40,000 shares for approximately $9.7 million, while SVP Daniel Fuller, EVPs George Felix and Aaron White, COO Douglas Comings, and Director Cindy Davis also reported sales. The breadth of the transactions may weigh on sentiment, although some sales were conducted under a Rule 10b5-1 plan or to cover taxes related to vested shares. Brinker Insider Sales After Record Stock Surge

Analyst Ratings Changes

A number of research analysts recently commented on EAT shares. Wells Fargo & Company raised their price objective on shares of Brinker International from $220.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Stephens lifted their price target on Brinker International from $220.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Morgan Stanley boosted their price objective on Brinker International from $207.00 to $250.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Barclays upped their price objective on Brinker International from $170.00 to $175.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Finally, Northcoast Research lowered Brinker International from a “buy” rating to a “neutral” rating in a report on Friday, August 14th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $238.05.

Brinker International Company Profile

Brinker International, Inc (NYSE: EAT) is a leading global operator of casual dining restaurants. The company’s portfolio is anchored by its flagship Chili’s® Grill & Bar concept and Maggiano’s® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili’s brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.