Brinker International (NYSE:EAT) SVP James Butler Sells 10,000 Shares of Stock

Brinker International, Inc. (NYSE:EAT) SVP James Butler sold 10,000 shares of Brinker International stock in a transaction on Friday, August 21st. The stock was sold at an average price of $240.37, for a total value of $2,403,700.00. Following the sale, the senior vice president directly owned 9,064 shares of the company’s stock, valued at $2,178,713.68. This represents a 52.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Brinker International Trading Up 3.2%

EAT stock opened at $253.87 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.40 and a current ratio of 0.45. The company’s 50-day simple moving average is $197.46 and its 200 day simple moving average is $164.16. Brinker International, Inc. has a 52 week low of $100.30 and a 52 week high of $254.94. The company has a market capitalization of $10.60 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 1.27 and a beta of 1.23.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.09 by ($0.02). The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Brinker International had a return on equity of 122.35% and a net margin of 8.39%.Brinker International’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm earned $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. As a group, sell-side analysts anticipate that Brinker International, Inc. will post 13.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EAT has been the topic of a number of recent research reports. BMO Capital Markets raised their price objective on Brinker International from $175.00 to $230.00 and gave the stock a “market perform” rating in a research note on Thursday, August 13th. Weiss Ratings upgraded Brinker International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Morgan Stanley boosted their price target on Brinker International from $207.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. KeyCorp upped their price objective on shares of Brinker International from $204.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Finally, UBS Group increased their price objective on shares of Brinker International from $190.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Seventeen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $242.19.

Hedge Funds Weigh In On Brinker International

Institutional investors have recently modified their holdings of the business. Allworth Financial LP boosted its stake in Brinker International by 58.5% in the third quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 83 shares in the last quarter. Rezny Wealth Management Inc. lifted its stake in Brinker International by 0.8% in the 4th quarter. Rezny Wealth Management Inc. now owns 11,738 shares of the restaurant operator’s stock valued at $1,685,000 after purchasing an additional 92 shares during the last quarter. New Age Alpha Advisors LLC boosted its position in Brinker International by 4.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 2,047 shares of the restaurant operator’s stock valued at $294,000 after buying an additional 94 shares in the last quarter. Smith Group Asset Management LLC boosted its position in Brinker International by 0.5% in the second quarter. Smith Group Asset Management LLC now owns 20,669 shares of the restaurant operator’s stock valued at $3,472,000 after buying an additional 104 shares in the last quarter. Finally, Aviva PLC grew its stake in shares of Brinker International by 2.8% during the fourth quarter. Aviva PLC now owns 4,123 shares of the restaurant operator’s stock worth $592,000 after buying an additional 112 shares during the last quarter.

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.