Brinker International (NYSE:EAT) SVP Sells $2,403,700.00 in Stock

Brinker International, Inc. (NYSE:EAT) SVP James Butler sold 10,000 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $240.37, for a total transaction of $2,403,700.00. Following the completion of the sale, the senior vice president directly owned 9,064 shares in the company, valued at approximately $2,178,713.68. The trade was a 52.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Brinker International Stock Performance

Shares of NYSE EAT traded up $7.81 during trading on Monday, reaching $253.87. 959,068 shares of the company traded hands, compared to its average volume of 1,160,052. The firm’s fifty day simple moving average is $195.50 and its 200 day simple moving average is $163.53. The stock has a market cap of $10.60 billion, a P/E ratio of 23.31, a PEG ratio of 1.27 and a beta of 1.24. Brinker International, Inc. has a 12-month low of $100.30 and a 12-month high of $254.94. The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 0.95.

Brinker International (NYSE:EAT) last issued its earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. Brinker International had a return on equity of 122.35% and a net margin of 8.39%.The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. As a group, research analysts anticipate that Brinker International, Inc. will post 13.24 earnings per share 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 stock. Transamerica Financial Advisors LLC lifted its holdings in Brinker International by 570.4% during the fourth quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 154 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Brinker International in the third quarter valued at about $25,000. Kilter Group LLC purchased a new stake in shares of Brinker International during the second quarter worth about $35,000. Allworth Financial LP increased its stake 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 purchasing an additional 83 shares in the last quarter. Finally, CoreCap Advisors LLC raised its position in shares of Brinker International by 33,000.0% during the 2nd quarter. CoreCap Advisors LLC now owns 331 shares of the restaurant operator’s stock worth $56,000 after purchasing an additional 330 shares during the last quarter.

Analyst Upgrades and Downgrades

EAT has been the topic of a number of analyst reports. TD Cowen raised their price objective on shares of Brinker International from $210.00 to $270.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Weiss Ratings upgraded shares of Brinker International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. UBS Group increased their price target on shares of Brinker International from $190.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Piper Sandler raised their price target on shares of Brinker International from $166.00 to $240.00 and gave the company a “neutral” rating in a research report on Monday, August 17th. Finally, Robert W. Baird started coverage on shares of Brinker International in a report on Monday. They issued an “outperform” rating and a $325.00 price objective for the company. Seventeen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $242.19.

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.