Insider Selling: Brinker International (NYSE:EAT) CEO Sells $9,726,000.00 in Stock

Brinker International, Inc. (NYSE:EAT) CEO Kevin Hochman sold 40,000 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $243.15, for a total value of $9,726,000.00. Following the sale, the chief executive officer owned 144,090 shares of the company’s stock, valued at approximately $35,035,483.50. The trade was a 21.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Kevin Hochman also recently made the following trade(s):

• On Thursday, August 13th, Kevin Hochman sold 40,000 shares of Brinker International stock. The shares were sold at an average price of $241.41, for a total value of $9,656,400.00.

Brinker International Price Performance

Shares of EAT stock opened at $232.06 on Friday. The firm has a market cap of $9.95 billion, a price-to-earnings ratio of 21.31, a PEG ratio of 1.20 and a beta of 1.24. Brinker International, Inc. has a 12 month low of $100.30 and a 12 month high of $253.71. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.95. The stock has a 50-day moving average price of $193.76 and a 200 day moving average price of $162.94.

Brinker International (NYSE:EAT) last issued its earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share (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 business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the business posted $2.30 EPS. The firm’s revenue for the quarter was up 5.1% compared to the same quarter last year. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Research analysts expect that Brinker International, Inc. will post 13.24 EPS for the current year.

Hedge Funds Weigh In On Brinker International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its position in Brinker International by 58.5% during the third quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 83 shares during the last quarter. Rezny Wealth Management Inc. raised its position in shares of Brinker International by 0.8% in the 4th quarter. Rezny Wealth Management Inc. now owns 11,738 shares of the restaurant operator’s stock worth $1,685,000 after acquiring an additional 92 shares in the last quarter. Salomon & Ludwin LLC lifted its stake in shares of Brinker International by 45.1% in the 4th quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $45,000 after purchasing an additional 93 shares during the period. New Age Alpha Advisors LLC lifted its stake in shares of Brinker International by 4.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 2,047 shares of the restaurant operator’s stock valued at $294,000 after purchasing an additional 94 shares during the period. Finally, Smith Group Asset Management LLC boosted its position in shares of Brinker International by 0.5% during the 2nd quarter. Smith Group Asset Management LLC now owns 20,669 shares of the restaurant operator’s stock valued at $3,472,000 after purchasing an additional 104 shares in the last quarter.

Wall Street Analysts Forecast Growth

EAT has been the topic of a number of analyst reports. Stephens increased their price target on Brinker International from $220.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Northcoast Research cut Brinker International from a “buy” rating to a “neutral” rating in a research note on Friday, August 14th. Mizuho upped their price objective on Brinker International from $175.00 to $275.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Wells Fargo & Company increased their target price on Brinker International from $220.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Finally, Bank of America raised their target price on Brinker International from $224.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 14th. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $238.05.

About Brinker International

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.