UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stake in Brinker International, Inc. $EAT

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Brinker International, Inc. (NYSE:EAT) by 4.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 97,413 shares of the restaurant operator’s stock after selling 4,806 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Brinker International were worth $16,365,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EAT. BlackRock Inc. grew its position in Brinker International by 2.2% during the 2nd quarter. BlackRock Inc. now owns 6,729,477 shares of the restaurant operator’s stock valued at $1,130,552,000 after purchasing an additional 145,525 shares during the last quarter. UBS Group AG raised its holdings in Brinker International by 155.2% in the third quarter. UBS Group AG now owns 1,464,389 shares of the restaurant operator’s stock worth $185,509,000 after buying an additional 890,593 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Brinker International by 27.7% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,393,604 shares of the restaurant operator’s stock worth $176,542,000 after buying an additional 301,912 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Brinker International by 667.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock worth $163,938,000 after buying an additional 993,435 shares in the last quarter. Finally, Capital World Investors grew its holdings in shares of Brinker International by 96.5% during 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.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. UBS Group raised their price target 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. KeyCorp increased their target price on Brinker International from $204.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. BMO Capital Markets lifted their target price on Brinker International from $175.00 to $230.00 and gave the stock a “market perform” rating in a report on Thursday, August 13th. Citigroup boosted their price target on Brinker International from $227.00 to $282.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Finally, TD Cowen upped their price target on Brinker International from $210.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $243.80.

Brinker International Stock Up 0.4%

EAT stock opened at $229.88 on Friday. Brinker International, Inc. has a twelve month low of $100.30 and a twelve month high of $254.99. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.95. The stock has a market cap of $9.60 billion, a P/E ratio of 21.11, a PEG ratio of 1.19 and a beta of 1.25. The business’s 50-day moving average price is $209.85 and its 200-day moving average price is $168.53.

Brinker International (NYSE:EAT) last released its earnings results 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 analysts’ expectations 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% compared to the same quarter last year. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. On average, equities research analysts forecast that Brinker International, Inc. will post 13.22 EPS for the current year.

Insiders Place Their Bets

In other news, SVP James Butler sold 10,000 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $240.37, for a total value of $2,403,700.00. Following the completion of the sale, the senior vice president directly owned 9,064 shares of the company’s stock, valued at $2,178,713.68. This represents a 52.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kevin Hochman sold 40,000 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $243.15, for a total transaction of $9,726,000.00. Following the sale, the chief executive officer owned 144,090 shares in the company, valued at $35,035,483.50. The trade was a 21.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 173,044 shares of company stock valued at $41,425,632. Insiders own 1.43% of the company’s stock.

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.