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

Brinker International, Inc. (NYSE:EAT) Director Joseph Michael Depinto sold 25,000 shares of the stock in a transaction dated 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. This trade represents a 24.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Brinker International Stock Performance

Shares of EAT opened at $228.57 on Tuesday. Brinker International, Inc. has a one year low of $100.30 and a one year high of $254.99. The company has a market cap of $9.55 billion, a PE ratio of 20.99, a P/E/G ratio of 1.19 and a beta of 1.23. The stock has a 50-day moving average of $204.96 and a 200-day moving average of $166.66. 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 posted its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates 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 period last year, the company posted $2.30 earnings per share. 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.

Institutional Investors Weigh In On Brinker International

Institutional investors have recently bought and sold shares of the stock. Amundi raised its position in Brinker International by 23.8% in the 2nd quarter. Amundi now owns 22,575 shares of the restaurant operator’s stock valued at $3,793,000 after buying an additional 4,346 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Brinker International during the 2nd quarter valued at $3,153,000. California State Teachers Retirement System boosted its holdings in Brinker International by 16,319.0% during the 2nd quarter. California State Teachers Retirement System now owns 8,471,232 shares of the restaurant operator’s stock worth $1,423,167,000 after acquiring an additional 8,419,638 shares during the last quarter. Nilsine Partners LLC boosted its holdings in Brinker International by 3.5% during the 2nd quarter. Nilsine Partners LLC now owns 19,541 shares of the restaurant operator’s stock worth $3,283,000 after acquiring an additional 665 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in shares of Brinker International by 5.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 4,528 shares of the restaurant operator’s stock worth $761,000 after acquiring an additional 246 shares in the last quarter.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Wells Fargo & Company increased their target price on Brinker International from $220.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Mizuho boosted their price target on shares of Brinker International from $175.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Robert W. Baird assumed coverage on shares of Brinker International in a report on Monday, August 24th. They set an “outperform” rating and a $325.00 price objective on the stock. DA Davidson raised their price objective on shares of Brinker International from $160.00 to $260.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Finally, TD Cowen lifted their price objective on shares of Brinker International from $210.00 to $270.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Seventeen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $242.19.

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.