Primecap Management Co. CA Purchases Shares of 28,200 Brinker International, Inc. $EAT

Primecap Management Co. CA purchased a new position in shares of Brinker International, Inc. (NYSE:EAT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,200 shares of the restaurant operator’s stock, valued at approximately $4,738,000. Primecap Management Co. CA owned about 0.07% of Brinker International at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Brinker International during the 3rd quarter worth about $25,000. Transamerica Financial Advisors LLC raised its holdings in Brinker International by 570.4% in the fourth quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 154 shares during the period. Allworth Financial LP raised its holdings 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 during the period. Kilter Group LLC acquired a new position in Brinker International during the second quarter valued at approximately $35,000. Finally, Global Retirement Partners LLC lifted its position in Brinker International by 1,233.3% during the fourth quarter. Global Retirement Partners LLC now owns 360 shares of the restaurant operator’s stock valued at $52,000 after buying an additional 333 shares in the last quarter.

Analyst Upgrades and Downgrades

EAT has been the subject of several recent research reports. Morgan Stanley increased their price objective on shares of Brinker International from $207.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Wells Fargo & Company increased their price target on Brinker International from $220.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Bank of America raised their price objective on Brinker International from $224.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 14th. BMO Capital Markets boosted 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. Finally, DA Davidson upped their price target on Brinker International from $160.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $242.19.

More Brinker International News

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

• Positive Sentiment: Brinker’s latest results showed solid operating momentum: quarterly revenue rose 5.1% year over year to approximately $1.54 billion, while comparable restaurant sales increased 5.0% and Chili’s comparable sales climbed 5.6%. Management also issued fiscal 2027 EPS guidance of $12.60–$13.40 and expanded its share-repurchase authorization to $750 million.
• Positive Sentiment: Robert W. Baird initiated coverage with an “outperform” rating and a $325 price target, offering a bullish view that the company’s growth outlook can support additional upside. Robert W. Baird Initiates Coverage on Brinker International
• Neutral Sentiment: Chili’s launched a promotional “Chili’s Golf Club” activation at DeBell Golf Club in California. The campaign could support brand engagement, but its near-term financial impact is unclear. Chili’s Golf Club announcement
• Negative Sentiment: A recent analyst downgrade to a neutral stance suggested that much of Brinker’s strong earnings news may already be reflected in the stock following its sharp rally. Valuation concerns are more prominent with shares near their 52-week high, while several older analyst targets remain below the current trading level.
• Negative Sentiment: Insider selling is adding short-term pressure. Senior Vice President Daniel S. Fuller sold 1,909 shares for approximately $484,000 on August 25, following other disclosed sales, including SVP James Butler’s 10,000-share sale valued at roughly $2.4 million. Across the past six months, reported insider activity included 15 sales and no purchases. Daniel Fuller insider sale

Brinker International Price Performance

Shares of NYSE EAT opened at $240.52 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.95. Brinker International, Inc. has a fifty-two week low of $100.30 and a fifty-two week high of $254.99. The business has a 50 day moving average price of $200.98 and a two-hundred day moving average price of $165.34. The firm has a market cap of $10.05 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 1.28 and a beta of 1.24.

Brinker International (NYSE:EAT) last released 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). The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.30 earnings per share. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Sell-side analysts expect that Brinker International, Inc. will post 13.24 earnings per share for the current fiscal year.

Insider Activity at Brinker International

In other news, EVP Aaron M. White sold 16,220 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $236.22, for a total value of $3,831,488.40. Following the completion of the sale, the executive vice president owned 42,756 shares of the company’s stock, valued at approximately $10,099,822.32. The trade was a 27.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin Hochman sold 40,000 shares of the stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $243.15, for a total transaction of $9,726,000.00. Following the transaction, the chief executive officer directly owned 144,090 shares in the company, valued at $35,035,483.50. The trade was a 21.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 145,014 shares of company stock worth $34,958,437 over the last 90 days. Company insiders own 1.43% of the company’s stock.

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.