Horrell Capital Management Inc. Has $4.95 Million Position in Brinker International, Inc. $EAT

Horrell Capital Management Inc. boosted its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 2.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 27,427 shares of the restaurant operator’s stock after acquiring an additional 597 shares during the period. Brinker International accounts for 2.0% of Horrell Capital Management Inc.’s portfolio, making the stock its 16th largest position. Horrell Capital Management Inc. owned 0.06% of Brinker International worth $4,946,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EAT. Concord Wealth Partners bought a new position in shares of Brinker International in the 2nd quarter worth $25,000. Allworth Financial LP boosted its holdings in Brinker International by 105.8% during the second quarter. Allworth Financial LP now owns 142 shares of the restaurant operator’s stock worth $26,000 after buying an additional 73 shares during the last quarter. AdvisorNet Financial Inc acquired a new position in shares of Brinker International during the 2nd quarter worth about $33,000. National Bank of Canada FI increased its stake in shares of Brinker International by 227.3% in the 1st quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 175 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC increased its stake in shares of Brinker International by 52.1% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 219 shares of the restaurant operator’s stock valued at $39,000 after acquiring an additional 75 shares during the last quarter.

Insider Activity at Brinker International

In related news, CEO Kevin Hochman sold 44,000 shares of the company’s stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $157.82, for a total transaction of $6,944,080.00. Following the sale, the chief executive officer owned 212,867 shares in the company, valued at approximately $33,594,669.94. This represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Harriet Edelman sold 8,325 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $157.00, for a total value of $1,307,025.00. Following the transaction, the director directly owned 28,905 shares of the company’s stock, valued at $4,538,085. This trade represents a 22.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 68,325 shares of company stock valued at $10,754,785. 1.43% of the stock is owned by insiders.

Brinker International Trading Down 0.6%

NYSE:EAT opened at $105.98 on Wednesday. The company has a market cap of $4.71 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 0.77 and a beta of 1.38. Brinker International, Inc. has a twelve month low of $100.30 and a twelve month high of $192.21. The business has a 50 day moving average price of $130.45 and a two-hundred day moving average price of $150.23. The company has a quick ratio of 0.25, a current ratio of 0.35 and a debt-to-equity ratio of 1.53.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on EAT. Mizuho initiated coverage on shares of Brinker International in a report on Tuesday, October 28th. They set an “outperform” rating and a $155.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on shares of Brinker International from $175.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Citigroup dropped their price objective on Brinker International from $156.00 to $144.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Morgan Stanley decreased their target price on Brinker International from $161.00 to $160.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 22nd. Finally, Piper Sandler increased their price target on Brinker International from $155.00 to $168.00 and gave the stock a “neutral” rating in a report on Thursday, August 14th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.