Versor Investments LP Invests $609,000 in Brinker International, Inc. $EAT

Versor Investments LP purchased a new stake in Brinker International, Inc. (NYSE:EAT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,376 shares of the restaurant operator’s stock, valued at approximately $609,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Brinker International in the second quarter valued at about $55,725,000. Crown Advisors Management Inc. acquired a new stake in shares of Brinker International in the second quarter valued at about $2,704,000. Strs Ohio increased its stake in shares of Brinker International by 25.5% in the second quarter. Strs Ohio now owns 5,900 shares of the restaurant operator’s stock valued at $1,064,000 after buying an additional 1,200 shares during the period. Jennison Associates LLC bought a new stake in shares of Brinker International during the 2nd quarter valued at about $417,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Brinker International during the second quarter worth approximately $2,212,000.

Insiders Place Their Bets

In other Brinker International news, Director Harriet Edelman sold 8,325 shares of the stock in a transaction that occurred 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 transaction, the director owned 28,905 shares in the company, valued at approximately $4,538,085. This represents a 22.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Douglas N. Comings sold 16,000 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $156.48, for a total value of $2,503,680.00. Following the completion of the transaction, the chief operating officer owned 12,951 shares in the company, valued at approximately $2,026,572.48. The trade was a 55.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 68,325 shares of company stock worth $10,754,785. Corporate insiders own 1.43% of the company’s stock.

Brinker International Stock Down 3.3%

Shares of NYSE:EAT opened at $105.02 on Tuesday. The business’s 50 day simple moving average is $136.78 and its two-hundred day simple moving average is $152.41. The firm has a market cap of $4.67 billion, a P/E ratio of 10.89, a PEG ratio of 0.77 and a beta of 1.38. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.25 and a current ratio of 0.35. Brinker International, Inc. has a 52-week low of $103.41 and a 52-week high of $192.21.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.17. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Brinker International had a return on equity of 164.66% and a net margin of 7.94%.The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, research analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on EAT. Jefferies Financial Group decreased their target price on Brinker International from $175.00 to $144.00 and set a “hold” rating for the company in a research note on Monday, October 13th. The Goldman Sachs Group decreased their target price on Brinker International from $207.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday, September 30th. Bank of America raised Brinker International from a “neutral” rating to a “buy” rating and raised their target price for the stock from $190.00 to $192.00 in a research note on Monday, October 6th. Citigroup decreased their target price on Brinker International from $156.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Finally, Evercore ISI raised Brinker International from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $190.00 to $210.00 in a research note on Thursday, September 4th. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $165.67.

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.