Ieq Capital LLC Acquires New Holdings in Brinker International, Inc. $EAT

Ieq Capital LLC acquired a new position in Brinker International, Inc. (NYSE:EAT) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 19,037 shares of the restaurant operator’s stock, valued at approximately $3,198,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP increased its stake in Brinker International by 58.5% during the 3rd 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. Rezny Wealth Management Inc. lifted its stake in shares of Brinker International by 0.8% in the 4th quarter. Rezny Wealth Management Inc. now owns 11,738 shares of the restaurant operator’s stock worth $1,685,000 after acquiring an additional 92 shares during the period. New Age Alpha Advisors LLC lifted its stake in shares of Brinker International by 4.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 2,047 shares of the restaurant operator’s stock worth $294,000 after acquiring an additional 94 shares during the period. Smith Group Asset Management LLC lifted its stake in shares of Brinker International by 0.5% in the 2nd quarter. Smith Group Asset Management LLC now owns 20,669 shares of the restaurant operator’s stock worth $3,472,000 after acquiring an additional 104 shares during the period. Finally, Aviva PLC boosted its holdings in shares of Brinker International by 2.8% in the fourth quarter. Aviva PLC now owns 4,123 shares of the restaurant operator’s stock valued at $592,000 after acquiring an additional 112 shares in the last quarter.

Brinker International Stock Up 3.2%

NYSE EAT opened at $253.87 on Tuesday. Brinker International, Inc. has a 12 month low of $100.30 and a 12 month high of $254.94. The company has a market capitalization of $10.60 billion, a P/E ratio of 23.31, a PEG ratio of 1.27 and a beta of 1.23. The company’s 50 day simple moving average is $197.46 and its 200 day simple moving average is $164.16. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.45 and a quick ratio of 0.40.

Brinker International (NYSE:EAT) last issued its earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Brinker International had a return on equity of 122.35% and a net margin of 8.39%.The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.30 earnings per share. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Equities research analysts expect that Brinker International, Inc. will post 13.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Brinker International

In other news, CEO Kevin Hochman sold 40,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 144,090 shares of the company’s stock, valued at $35,035,483.50. This trade represents a 21.73% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Daniel S. Fuller sold 9,960 shares of Brinker International stock in a transaction on Monday, August 17th. The stock was sold at an average price of $243.43, for a total value of $2,424,562.80. Following the completion of the transaction, the senior vice president owned 32,086 shares in the company, valued at $7,810,694.98. The trade was a 23.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 143,105 shares of company stock worth $34,474,429. 1.43% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on EAT. TD Cowen boosted their target price on Brinker International from $210.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Weiss Ratings raised Brinker International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. KeyCorp lifted their price target on Brinker International from $204.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Stephens lifted their price target on Brinker International from $220.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Finally, Citigroup boosted their price objective on Brinker International from $227.00 to $282.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $242.19.

Brinker International Profile

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.