VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 18,766 Brinker International, Inc. $EAT

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Brinker International, Inc. (NYSE:EAT) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 18,766 shares of the restaurant operator’s stock, valued at approximately $3,153,000.

Several other hedge funds and other institutional investors also recently modified their holdings of EAT. Caitong International Asset Management Co. Ltd bought a new stake in Brinker International during the third quarter valued at approximately $25,000. Transamerica Financial Advisors LLC increased its holdings in shares of Brinker International by 570.4% in the 4th quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $26,000 after buying an additional 154 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Brinker International by 58.5% in the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock worth $28,000 after buying an additional 83 shares during the last quarter. Kilter Group LLC purchased a new stake in shares of Brinker International during the 2nd quarter valued at $35,000. Finally, Global Retirement Partners LLC raised its position in shares of Brinker International by 1,233.3% during the 4th quarter. Global Retirement Partners LLC now owns 360 shares of the restaurant operator’s stock valued at $52,000 after buying an additional 333 shares in the last quarter.

Analyst Upgrades and Downgrades

EAT has been the subject of several research reports. DA Davidson upped their target price on shares of Brinker International from $160.00 to $260.00 and gave the stock a “neutral” 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 report on Monday, August 17th. Northcoast Research lowered Brinker International from a “buy” rating to a “neutral” rating in a research note on Friday, August 14th. TD Cowen upped their price objective on Brinker International from $210.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Finally, Stephens increased their price objective on Brinker International from $220.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $244.30.

Insider Activity

In related news, EVP Aaron M. White sold 16,220 shares of the stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $236.22, for a total transaction of $3,831,488.40. Following the completion of the sale, the executive vice president directly owned 42,756 shares in the company, valued at $10,099,822.32. This represents a 27.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP George S. Felix sold 14,349 shares of the firm’s 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 in the company, valued at approximately $1,494,398.71. The trade was a 69.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 173,694 shares of company stock valued at $41,568,690. Company insiders own 1.43% of the company’s stock.

Brinker International Price Performance

Shares of Brinker International stock opened at $214.95 on Friday. Brinker International, Inc. has a 52-week low of $100.30 and a 52-week high of $254.99. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 1.11 and a beta of 1.25. The company has a fifty day moving average of $213.79 and a 200-day moving average of $170.44. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.40 and a current ratio of 0.45.

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 business 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%.Brinker International’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Equities research analysts expect that Brinker International, Inc. will post 13.24 EPS for the current year.

Brinker International Company Profile

Brinker International, Inc is a Dallas-based restaurant company that owns, operates and franchises casual dining restaurants. Its portfolio includes Chili’s Grill & Bar, a full-service restaurant brand known for burgers, fajitas, ribs, steaks, Tex-Mex dishes and a broad beverage menu, and Maggiano’s Little Italy, which specializes in Italian-American cuisine and family-style dining.

Chili’s restaurants serve a wide range of lunch and dinner offerings in a casual, bar-and-grill setting, while Maggiano’s locations offer traditional Italian dishes, including pasta, chicken, seafood and desserts.