Insider Selling: Brinker International (NYSE:EAT) Director Sells $143,058.50 in Stock

Brinker International, Inc. (NYSE:EAT) Director James Katzman sold 650 shares of Brinker International stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $220.09, for a total transaction of $143,058.50. Following the completion of the sale, the director owned 25,094 shares in the company, valued at approximately $5,522,938.46. This trade represents a 2.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Brinker International Price Performance

Shares of EAT traded down $0.36 during mid-day trading on Thursday, hitting $214.95. 1,135,303 shares of the company were exchanged, compared to its average volume of 1,140,506. The stock has a market cap of $8.98 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 1.15 and a beta of 1.25. Brinker International, Inc. has a 1-year low of $100.30 and a 1-year high of $254.99. The company has a 50 day moving average of $213.04 and a 200-day moving average of $169.96. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.40 and a current ratio of 0.45.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). Brinker International had a return on equity of 122.35% and a net margin of 8.39%.The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the firm posted $2.30 earnings per share. The company’s quarterly 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. Analysts expect that Brinker International, Inc. will post 13.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Brinker International

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. California State Teachers Retirement System lifted its stake in shares of Brinker International by 16,319.0% in the 2nd quarter. California State Teachers Retirement System now owns 8,471,232 shares of the restaurant operator’s stock valued at $1,423,167,000 after purchasing an additional 8,419,638 shares during the last quarter. Balyasny Asset Management L.P. increased its position in shares of Brinker International by 667.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock worth $163,938,000 after purchasing an additional 993,435 shares during the last quarter. UBS Group AG raised its holdings in Brinker International by 155.2% in the 3rd quarter. UBS Group AG now owns 1,464,389 shares of the restaurant operator’s stock valued at $185,509,000 after buying an additional 890,593 shares during the period. Norges Bank purchased a new stake in Brinker International in the 4th quarter valued at about $83,603,000. Finally, Capital World Investors lifted its position in Brinker International by 96.5% in the fourth quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock valued at $163,306,000 after buying an additional 558,799 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts recently commented on EAT shares. Mizuho increased their price objective on Brinker International from $175.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. UBS Group upped their price objective on shares of Brinker International from $190.00 to $260.00 and gave the company a “buy” rating in a report on Monday, August 10th. Robert W. Baird started coverage on shares of Brinker International in a research report on Monday, August 24th. They set an “outperform” rating and a $325.00 price objective for the company. Bank of America lifted their target price on shares of Brinker International from $224.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, Northcoast Research lowered shares of Brinker International from a “buy” rating to a “neutral” rating in a report on Friday, August 14th. Sixteen 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $244.30.

Brinker International Company Profile

Brinker International, Inc is a Dallas-based restaurant company that owns, operates and franchises casual dining restaurants. Its portfolio includes Chili’s Grill & Bar, a full-service restaurant brand known for burgers, fajitas, ribs, steaks, Tex-Mex dishes and a broad beverage menu, and Maggiano’s Little Italy, which specializes in Italian-American cuisine and family-style dining.

Chili’s restaurants serve a wide range of lunch and dinner offerings in a casual, bar-and-grill setting, while Maggiano’s locations offer traditional Italian dishes, including pasta, chicken, seafood and desserts.