13,571 Brinker International, Inc. $EAT Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. reduced its stake in shares of Brinker International, Inc. (NYSE:EAT) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 671,777 shares of the restaurant operator’s stock after selling 13,571 shares during the period. Congress Asset Management Co.’s holdings in Brinker International were worth $130,009,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Balyasny Asset Management L.P. increased its position in shares of Brinker International by 667.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock worth $163,938,000 after acquiring an additional 993,435 shares in the last quarter. Capital World Investors lifted its position in Brinker International by 96.5% in the 4th quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock valued at $163,306,000 after acquiring an additional 558,799 shares in the last quarter. Freestone Grove Partners LP acquired a new position in Brinker International in the 2nd quarter worth $91,237,000. Bank of America Corp DE bought a new position in Brinker International during the 2nd quarter worth about $39,687,000. Finally, Wellington Management Group LLP increased its holdings in Brinker International by 63.7% during the 2nd quarter. Wellington Management Group LLP now owns 413,472 shares of the restaurant operator’s stock worth $69,463,000 after purchasing an additional 160,939 shares in the last quarter.

Brinker International Stock Down 2.1%

Shares of NYSE:EAT traded down $4.08 during trading on Tuesday, hitting $190.08. 950,900 shares of the company were exchanged, compared to its average volume of 1,187,950. Brinker International, Inc. has a fifty-two week low of $100.30 and a fifty-two week high of $254.99. The stock has a market cap of $7.94 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 1.05 and a beta of 1.25. The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 0.95. The firm has a fifty day moving average price of $220.13 and a two-hundred day moving average price of $177.81.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. As a group, research analysts anticipate that Brinker International, Inc. will post 13.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP George S. Felix sold 14,349 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $237.47, for a total value of $3,407,457.03. Following the completion of the sale, the executive vice president directly owned 6,293 shares in the company, valued at approximately $1,494,398.71. This trade represents a 69.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Aaron M. White sold 16,220 shares of Brinker International stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $236.22, for a total value of $3,831,488.40. Following the transaction, the executive vice president owned 42,756 shares of the company’s stock, valued at $10,099,822.32. The trade was a 27.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 173,694 shares of company stock worth $41,568,690. Corporate insiders own 1.43% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on EAT shares. Morgan Stanley upped their price objective on Brinker International from $250.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, September 10th. DA Davidson cut their target price on Brinker International from $240.00 to $210.00 and set a “neutral” rating on the stock in a research note on Monday, September 21st. Piper Sandler upped their price target on Brinker International from $166.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, August 17th. Mizuho lifted their price objective on shares of Brinker International from $175.00 to $275.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Finally, Citigroup boosted their price objective on shares of Brinker International from $227.00 to $282.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $243.38.

Brinker International Profile

Brinker International, Inc is a Dallas-based restaurant company that owns, operates and franchises casual dining establishments. Its portfolio is led by Chili’s Grill & Bar, a full-service restaurant brand known for burgers, steaks, fajitas, ribs and other American-style menu items, and Maggiano’s Little Italy, which specializes in Italian-American cuisine and operates both restaurants and catering services.

Brinker also developed It’s Just Wings, a virtual restaurant brand offering chicken wings, fries and related items through delivery and takeout.