Brinker International (NYSE:EAT) CEO Kevin Hochman Sells 40,000 Shares of Stock

Brinker International, Inc. (NYSE:EAT) CEO Kevin Hochman sold 40,000 shares of Brinker International stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $220.38, for a total transaction of $8,815,200.00. Following the completion of the transaction, the chief executive officer directly owned 104,603 shares in the company, valued at approximately $23,052,409.14. The trade was a 27.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kevin Hochman also recently made the following trade(s):

• On Monday, August 17th, Kevin Hochman sold 40,000 shares of Brinker International stock. The shares were sold at an average price of $243.15, for a total transaction of $9,726,000.00.
• On Thursday, August 13th, Kevin Hochman sold 40,000 shares of Brinker International stock. The shares were sold at an average price of $241.41, for a total transaction of $9,656,400.00.

Brinker International Price Performance

Shares of Brinker International stock opened at $212.27 on Friday. The firm has a market cap of $8.82 billion, a PE ratio of 18.69, a price-to-earnings-growth ratio of 1.18 and a beta of 1.25. Brinker International, Inc. has a 12-month low of $100.30 and a 12-month high of $254.99. The company has a quick ratio of 0.40, a current ratio of 0.34 and a debt-to-equity ratio of 1.13. The company’s fifty day simple moving average is $209.45 and its two-hundred day simple moving average is $174.58.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Wednesday, October 28th. The restaurant operator reported $2.77 EPS for the quarter, beating the consensus estimate of $2.45 by $0.32. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. Brinker International had a net margin of 8.44% and a return on equity of 125.65%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.17 earnings per share. As a group, equities analysts expect that Brinker International, Inc. will post 13.61 EPS for the current year.

More Brinker International News

Here are the key news stories impacting Brinker International this week:

• Positive Sentiment: Brinker issued fiscal 2027 EPS guidance of $13.30–$13.90, above the $13.26 analyst consensus. The company’s strong first-quarter results, including accelerating Chili’s traffic, also supported investor optimism. Brinker International advances on strong Q1 results and raised outlook
• Positive Sentiment: Analysts broadly raised their views following the results. Wells Fargo lifted its target to $285, Baird to $280, Citigroup to $277, TD Cowen to $270, Morgan Stanley to $262 and KeyCorp to $258; the firms maintained bullish ratings such as “buy,” “overweight” or “outperform.” Wells Fargo analyst recommendations
• Positive Sentiment: Zacks highlighted Brinker as a strong growth stock, reinforcing the investment case based on its growth-oriented metrics. Why Brinker International is a strong growth stock
• Neutral Sentiment: Fiscal 2027 revenue guidance of $6.2 billion–$6.3 billion is broadly in line with expectations, although its midpoint is slightly below the $6.3 billion consensus estimate.
• Negative Sentiment: CEO Kevin Hochman sold 40,000 EAT shares for approximately $8.8 million, reducing his ownership by 27.66%. While the transaction does not necessarily indicate a change in business fundamentals, the sizable insider sale can weigh on sentiment. SEC insider ownership filing

Institutional Investors Weigh In On Brinker International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Freestone Grove Partners LP bought a new stake in shares of Brinker International during the second quarter valued at approximately $91,237,000. Bank of America Corp DE purchased a new position in Brinker International in the 2nd quarter worth approximately $39,687,000. Wellington Management Group LLP lifted its position in Brinker International by 63.7% in the 2nd quarter. Wellington Management Group LLP now owns 413,472 shares of the restaurant operator’s stock valued at $69,463,000 after acquiring an additional 160,939 shares in the last quarter. BlackRock Inc. lifted its position in Brinker International by 2.2% in the 2nd quarter. BlackRock Inc. now owns 6,729,477 shares of the restaurant operator’s stock valued at $1,130,552,000 after acquiring an additional 145,525 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in Brinker International in the 2nd quarter valued at approximately $17,493,000.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Weiss Ratings upgraded Brinker International from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, September 11th. KeyCorp lifted their price target on shares of Brinker International from $250.00 to $258.00 and gave the company an “overweight” rating in a report on Thursday. Stephens reissued an “overweight” rating and set a $300.00 price objective on shares of Brinker International in a research report on Thursday. UBS Group boosted their price objective on shares of Brinker International from $190.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Finally, Citigroup upped their price objective on shares of Brinker International from $270.00 to $277.00 and gave the stock a “buy” rating in a report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $249.80.

About Brinker International

Brinker International, Inc is a casual-dining restaurant company that owns, operates and franchises restaurants in the United States and select international markets. The company is headquartered in Dallas, Texas, and serves customers through company-operated and franchised locations.

Brinker’s principal brands are Chili’s Grill & Bar and Maggiano’s Little Italy. Chili’s offers a broad menu of burgers, steaks, ribs, fajitas, Tex-Mex dishes, salads and beverages in a full-service, casual setting.