4,622 Shares in Brinker International, Inc. $EAT Purchased by Quantitative Investment Management LLC

Quantitative Investment Management LLC acquired a new stake in Brinker International, Inc. (NYSE:EAT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,622 shares of the restaurant operator’s stock, valued at approximately $776,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in Brinker International during the 3rd quarter worth approximately $25,000. Transamerica Financial Advisors LLC increased its holdings in shares of Brinker International by 570.4% in the 4th quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 154 shares during the last quarter. Allworth Financial LP raised its position in shares of 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 acquiring an additional 83 shares in the last quarter. Kilter Group LLC bought a new position in Brinker International during the second quarter worth $35,000. Finally, Global Retirement Partners LLC boosted its holdings in Brinker International by 1,233.3% in the fourth quarter. Global Retirement Partners LLC now owns 360 shares of the restaurant operator’s stock worth $52,000 after purchasing an additional 333 shares during the period.

Brinker International Stock Up 2.5%

Brinker International stock opened at $234.32 on Wednesday. The stock has a market cap of $9.79 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 1.18 and a beta of 1.23. The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 0.95. The company’s 50-day moving average price is $206.36 and its two-hundred day moving average price is $167.14. Brinker International, Inc. has a 52 week low of $100.30 and a 52 week high of $254.99.

Brinker International (NYSE:EAT) last issued its quarterly 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). Brinker International had a return on equity of 122.35% and a net margin of 8.39%.The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the company posted $2.30 earnings per share. The company’s revenue was up 5.1% on a year-over-year basis. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. On average, analysts expect that Brinker International, Inc. will post 13.22 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on EAT shares. 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 report on Thursday, August 13th. Piper Sandler upped their target price on Brinker International from $166.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, August 17th. Northcoast Research downgraded Brinker International from a “buy” rating to a “neutral” rating in a report on Friday, August 14th. UBS Group boosted their price objective on Brinker International from $190.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Finally, Stephens upped their price objective on Brinker International from $220.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Seventeen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Brinker International currently has a consensus rating of “Moderate Buy” and an average target price of $242.19.

Insider Activity at Brinker International

In other news, CEO Kevin Hochman sold 40,000 shares of the 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 owned 144,090 shares in the company, valued at approximately $35,035,483.50. This represents a 21.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Michael Depinto sold 25,000 shares of the firm’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $230.39, for a total value of $5,759,750.00. Following the sale, the director directly owned 77,812 shares of the company’s stock, valued at approximately $17,927,106.68. This represents a 24.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 170,014 shares of company stock worth $40,718,187. 1.43% of the stock is owned by corporate insiders.

Brinker International Company 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.