Brinker International (NYSE:EAT) Director James Katzman Sells 650 Shares of Stock

Brinker International, Inc. (NYSE:EAT) Director James Katzman sold 650 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $220.09, for a total transaction of $143,058.50. Following the transaction, the director directly owned 25,094 shares of the company’s stock, valued at approximately $5,522,938.46. This trade represents a 2.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Brinker International Price Performance

EAT stock opened at $214.95 on Friday. Brinker International, Inc. has a 1 year low of $100.30 and a 1 year high of $254.99. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.40 and a current ratio of 0.45. The stock’s 50 day moving average price is $213.79 and its 200 day moving average price is $170.44. The firm has a market cap of $8.98 billion, a P/E ratio of 19.74, a PEG ratio of 1.11 and a beta of 1.25.

Brinker International (NYSE:EAT) last announced 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). Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter last year, the company posted $2.30 EPS. Brinker International’s quarterly revenue 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. On average, sell-side analysts expect that Brinker International, Inc. will post 13.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on EAT shares. Wells Fargo & Company boosted their target price on shares of Brinker International from $220.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. BMO Capital Markets boosted their price objective on shares of Brinker International from $175.00 to $230.00 and gave the company a “market perform” rating in a research report on Thursday, August 13th. Mizuho upped their price objective 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 initiated coverage on shares of Brinker International in a research note on Monday, August 24th. They issued an “outperform” rating and a $325.00 target price for the company. Finally, Citigroup boosted their price target on Brinker International from $227.00 to $282.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $244.30.

Institutional Investors Weigh In On Brinker International

Several hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC increased its position in Brinker International by 1,118.9% during the first quarter. NewEdge Advisors LLC now owns 1,158 shares of the restaurant operator’s stock worth $173,000 after purchasing an additional 1,063 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Brinker International by 271.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 846 shares of the restaurant operator’s stock valued at $153,000 after buying an additional 618 shares during the period. First Trust Advisors LP grew its stake in shares of Brinker International by 1.9% during the 2nd quarter. First Trust Advisors LP now owns 52,249 shares of the restaurant operator’s stock valued at $9,422,000 after buying an additional 978 shares during the period. Baird Financial Group Inc. acquired a new stake in shares of Brinker International during the 2nd quarter worth $3,222,000. Finally, Brown Advisory Inc. increased its holdings in shares of Brinker International by 33.0% during the 2nd quarter. Brown Advisory Inc. now owns 1,789 shares of the restaurant operator’s stock worth $323,000 after buying an additional 444 shares during the last quarter.

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.