Silvant Capital Management LLC Purchases Shares of 12,677 Brinker International, Inc. $EAT

Silvant Capital Management LLC purchased a new position in shares of Brinker International, Inc. (NYSE:EAT) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,677 shares of the restaurant operator’s stock, valued at approximately $2,130,000.

Several other hedge funds have also made changes to their positions in the business. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Brinker International in the third quarter valued at $25,000. Transamerica Financial Advisors LLC lifted its position in Brinker International by 570.4% during the fourth quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $26,000 after buying an additional 154 shares during the period. Allworth Financial LP lifted 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 worth $28,000 after buying an additional 83 shares during the period. Kilter Group LLC acquired a new stake in Brinker International in the 2nd quarter worth about $35,000. Finally, Salomon & Ludwin LLC boosted its stake in Brinker International by 45.1% in the 4th quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock worth $45,000 after buying an additional 93 shares during the last quarter.

Brinker International Price Performance

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

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

Insider Activity

In related news, EVP Aaron M. White sold 16,220 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 42,756 shares in the company, valued at approximately $10,099,822.32. This trade represents a 27.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP George S. Felix sold 14,349 shares of Brinker International stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $237.47, for a total transaction of $3,407,457.03. Following the transaction, the executive vice president directly owned 6,293 shares in the company, valued at approximately $1,494,398.71. This trade represents a 69.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 133,105 shares of company stock worth $32,070,729. Insiders own 1.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on EAT. Barclays lifted their price target on Brinker International from $170.00 to $175.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Mizuho raised their target price on shares of Brinker International from $175.00 to $275.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. BMO Capital Markets raised their target price on shares of Brinker International from $175.00 to $230.00 and gave the stock a “market perform” rating in a research report on Thursday, August 13th. Citigroup boosted their target price on shares of Brinker International from $227.00 to $282.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Finally, Northcoast Research lowered shares of Brinker International from a “buy” rating to a “neutral” rating in a research report on Friday, August 14th. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Brinker International has an average rating of “Moderate Buy” and a consensus 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.