Wealth High Governance Capital Ltda Invests $3.71 Million in Brinker International, Inc. $EAT

Wealth High Governance Capital Ltda bought a new position in shares of Brinker International, Inc. (NYSE:EAT) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 22,081 shares of the restaurant operator’s stock, valued at approximately $3,710,000.

Other hedge funds have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Brinker International in the 2nd quarter valued at $13,417,000. Quantbot Technologies LP bought a new stake in Brinker International during the 2nd quarter worth about $1,280,000. Landscape Capital Management L.L.C. acquired a new position in shares of Brinker International during the 2nd quarter worth about $696,000. Ieq Capital LLC bought a new position in shares of Brinker International in the 2nd quarter valued at about $3,198,000. Finally, Callan Family Office LLC bought a new position in shares of Brinker International in the 2nd quarter valued at about $2,258,000.

Insider Activity

In other news, SVP Daniel S. Fuller sold 9,960 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $243.43, for a total value of $2,424,562.80. Following the completion of the sale, the senior vice president directly owned 32,086 shares of the company’s stock, valued at $7,810,694.98. This trade represents a 23.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP George S. Felix sold 14,349 shares of Brinker International stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $237.47, for a total value of $3,407,457.03. Following the transaction, the executive vice president owned 6,293 shares of the company’s stock, valued at $1,494,398.71. This represents a 69.51% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 133,105 shares of company stock valued at $32,070,729. 1.43% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EAT. Mizuho lifted their target price on Brinker International from $175.00 to $275.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. Piper Sandler raised their price target on Brinker International from $166.00 to $240.00 and gave the company a “neutral” rating in a research note on Monday, August 17th. KeyCorp raised their price target on Brinker International from $204.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Barclays boosted their price target on Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Finally, Wells Fargo & Company upped their price objective on Brinker International from $220.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Sixteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Brinker International presently has an average rating of “Moderate Buy” and an average target price of $238.05.

Brinker International Price Performance

Brinker International stock opened at $246.06 on Monday. The firm has a market capitalization of $10.28 billion, a PE ratio of 22.60, a P/E/G ratio of 1.27 and a beta of 1.24. The company’s 50-day moving average is $195.50 and its 200-day moving average is $163.53. Brinker International, Inc. has a fifty-two week low of $100.30 and a fifty-two week high of $253.71. 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 earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share (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 firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the company posted $2.30 earnings per share. The firm’s revenue for the quarter 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. Sell-side analysts anticipate that Brinker International, Inc. will post 13.24 earnings per share for the current year.

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.