Insider Selling: Brinker International (NYSE:EAT) EVP Sells 3,030 Shares of Stock

Brinker International, Inc. (NYSE:EAT) EVP Michaela Ware sold 3,030 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $233.48, for a total transaction of $707,444.40. Following the transaction, the executive vice president owned 17,494 shares of the company’s stock, valued at approximately $4,084,499.12. The trade was a 14.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Brinker International Stock Performance

NYSE EAT traded down $3.06 during trading hours on Wednesday, reaching $230.92. 698,832 shares of the company were exchanged, compared to its average volume of 1,145,596. The stock has a market capitalization of $9.64 billion, a P/E ratio of 21.21, a P/E/G ratio of 1.18 and a beta of 1.23. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.95. Brinker International, Inc. has a 1 year low of $100.30 and a 1 year high of $254.99. The business’s 50 day simple moving average is $206.36 and its 200-day simple moving average is $167.14.

Brinker International (NYSE:EAT) last released its 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 company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The firm’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.30 earnings per share. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. On average, equities research analysts expect that Brinker International, Inc. will post 13.22 earnings per share for the current year.

Institutional Trading of Brinker International

A number of institutional investors have recently added to or reduced their stakes in EAT. Caitong International Asset Management Co. Ltd bought a new position in Brinker International in the 3rd quarter worth about $25,000. Transamerica Financial Advisors LLC grew its holdings in Brinker International by 570.4% during the 4th quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 154 shares in the last quarter. Allworth Financial LP increased its position 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 valued at $28,000 after buying an additional 83 shares during the period. Kilter Group LLC bought a new stake in shares of Brinker International during the second quarter valued at about $35,000. Finally, Global Retirement Partners LLC lifted its holdings in shares of Brinker International by 1,233.3% in the fourth quarter. Global Retirement Partners LLC now owns 360 shares of the restaurant operator’s stock worth $52,000 after buying an additional 333 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wells Fargo & Company upped their price target on Brinker International from $220.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. BMO Capital Markets boosted their price objective on Brinker International from $175.00 to $230.00 and gave the company a “market perform” rating in a research note on Thursday, August 13th. Weiss Ratings raised shares of Brinker International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Morgan Stanley increased their target price on shares of Brinker International from $207.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Finally, 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 report on Thursday, August 13th. Seventeen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.