USA Financial Formulas Invests $89,000 in Brinker International, Inc. $EAT

USA Financial Formulas acquired a new stake in Brinker International, Inc. (NYSE:EAT) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 493 shares of the restaurant operator’s stock, valued at approximately $89,000.

Several other hedge funds have also recently bought and sold shares of EAT. Sequoia Financial Advisors LLC acquired a new position in shares of Brinker International in the first quarter valued at approximately $206,000. Range Financial Group LLC bought a new position in shares of Brinker International during the 1st quarter worth approximately $1,036,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Brinker International in the first quarter valued at approximately $492,000. Robeco Institutional Asset Management B.V. acquired a new position in Brinker International during the first quarter worth $565,000. Finally, Teacher Retirement System of Texas lifted its position in Brinker International by 72.9% during the 1st quarter. Teacher Retirement System of Texas now owns 55,885 shares of the restaurant operator’s stock worth $8,330,000 after buying an additional 23,554 shares in the last quarter.

Insider Buying and Selling at Brinker International

In other Brinker International news, COO Douglas N. Comings sold 16,000 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $156.48, for a total transaction of $2,503,680.00. Following the transaction, the chief operating officer owned 12,951 shares in the company, valued at $2,026,572.48. This trade represents a 55.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Harriet Edelman sold 8,325 shares of Brinker International stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $157.00, for a total value of $1,307,025.00. Following the sale, the director directly owned 28,905 shares of the company’s stock, valued at $4,538,085. This represents a 22.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 68,325 shares of company stock valued at $10,754,785 in the last ninety days. 1.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on EAT shares. Stifel Nicolaus upped their price target on shares of Brinker International from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. Wells Fargo & Company upgraded shares of Brinker International from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $165.00 to $175.00 in a research note on Monday, September 22nd. UBS Group boosted their price target on Brinker International from $155.00 to $165.00 and gave the stock a “neutral” rating in a research report on Thursday, August 14th. Morgan Stanley upped their price objective on Brinker International from $149.00 to $161.00 and gave the company an “equal weight” rating in a research note on Thursday, August 14th. Finally, Barclays raised their price objective on Brinker International from $166.00 to $170.00 and gave the company an “equal weight” rating in a research report on Thursday, August 14th. Six research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $171.53.

Brinker International Trading Up 2.2%

Shares of EAT stock opened at $127.78 on Friday. Brinker International, Inc. has a 12-month low of $78.03 and a 12-month high of $192.21. The company has a market capitalization of $5.69 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of 0.80 and a beta of 1.38. The firm has a 50 day moving average price of $150.86 and a two-hundred day moving average price of $155.54. The company has a quick ratio of 0.25, a current ratio of 0.31 and a debt-to-equity ratio of 1.15.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, beating the consensus estimate of $2.47 by $0.02. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.42 billion. Brinker International had a return on equity of 211.86% and a net margin of 7.12%.The firm’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.61 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, analysts predict that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Brinker International Company Profile

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.