Joseph Michael Depinto Sells 25,000 Shares of Brinker International (NYSE:EAT) Stock

Brinker International, Inc. (NYSE:EAT) Director Joseph Michael Depinto sold 25,000 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $230.39, for a total transaction of $5,759,750.00. Following the transaction, the director directly owned 77,812 shares in the company, valued at $17,927,106.68. The trade was a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Brinker International Price Performance

Shares of NYSE:EAT opened at $234.32 on Wednesday. Brinker International, Inc. has a fifty-two week low of $100.30 and a fifty-two week high of $254.99. The business has a 50-day moving average of $206.36 and a two-hundred day moving average of $167.14. The stock has a market capitalization of $9.79 billion, a P/E ratio of 21.52, a P/E/G ratio of 1.18 and a beta of 1.23. 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 quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the company posted $2.30 EPS. The business’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, equities research analysts predict that Brinker International, Inc. will post 13.22 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

EAT has been the topic of a number of recent analyst reports. Bank of America lifted their price target on shares of Brinker International from $224.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Northcoast Research downgraded shares of Brinker International from a “buy” rating to a “neutral” rating in a report on Friday, August 14th. Wells Fargo & Company raised their target price on shares of Brinker International from $220.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Weiss Ratings upgraded shares of Brinker International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, Citigroup lifted their target price on shares of Brinker International from $227.00 to $282.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Seventeen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Brinker International has an average rating of “Moderate Buy” and an average price target of $242.19.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP lifted its holdings in shares of Brinker International by 58.5% during the third quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock worth $28,000 after buying an additional 83 shares during the last quarter. Rezny Wealth Management Inc. grew its stake in shares of Brinker International by 0.8% in the fourth 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 last quarter. New Age Alpha Advisors LLC grew its stake in shares of Brinker International by 4.8% in the fourth 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 last quarter. Smith Group Asset Management LLC increased its position in Brinker International by 0.5% during the second 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 increased its position in Brinker International by 2.8% during the fourth quarter. Aviva PLC now owns 4,123 shares of the restaurant operator’s stock worth $592,000 after acquiring an additional 112 shares during the period.

About Brinker International

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.