Brinker International, Inc. $EAT Holdings Decreased by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its stake in shares of Brinker International, Inc. (NYSE:EAT) by 57.9% during the third quarter, HoldingsChannel.com reports. The firm owned 5,951 shares of the restaurant operator’s stock after selling 8,173 shares during the quarter. State of Alaska Department of Revenue’s holdings in Brinker International were worth $1,151,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Trust Co. of Oklahoma purchased a new stake in Brinker International during the 3rd quarter worth about $218,000. Avior Wealth Management LLC purchased a new position in Brinker International during the 3rd quarter valued at about $446,000. GAMMA Investing LLC grew its holdings in Brinker International by 24.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,348 shares of the restaurant operator’s stock valued at $261,000 after buying an additional 269 shares in the last quarter. CoreCap Advisors LLC increased its position in shares of Brinker International by 413.0% during the third quarter. CoreCap Advisors LLC now owns 1,698 shares of the restaurant operator’s stock valued at $329,000 after buying an additional 1,367 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Brinker International by 14.9% during the second quarter. Envestnet Asset Management Inc. now owns 64,309 shares of the restaurant operator’s stock valued at $10,804,000 after buying an additional 8,336 shares during the period.

Insider Transactions at Brinker International

In related news, Director Joseph DePinto sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were sold at an average price of $230.39, for a total value of $5,759,750.00. Following the transaction, the director directly owned 77,812 shares in the company, valued at approximately $17,927,106.68. This represents a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James M. Butler sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $240.37, for a total transaction of $2,403,700.00. Following the completion of the transaction, the senior vice president owned 9,064 shares in the company, valued at approximately $2,178,713.68. This trade represents a 52.45% decrease in their ownership of the stock. 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. 1.18% of the stock is owned by insiders.

Brinker International Trading Down 1.2%

Shares of EAT stock opened at $195.46 on Wednesday. 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, Inc. has a 52-week low of $100.30 and a 52-week high of $254.99. The company has a market capitalization of $8.16 billion, a PE ratio of 17.95, a price-to-earnings-growth ratio of 1.03 and a beta of 1.25. The business’s fifty day moving average is $215.41 and its 200 day moving average is $181.98.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the business posted $2.30 EPS. Brinker International’s quarterly revenue was up 5.1% on a year-over-year basis. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. On average, equities research analysts anticipate that Brinker International, Inc. will post 13.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. TD Cowen lowered their price target on shares of Brinker International from $270.00 to $250.00 and set a “buy” rating on the stock in a report on Friday, October 16th. Raymond James Financial upgraded shares of Brinker International from an “outperform” rating to a “strong-buy” rating and cut their price objective for the company from $270.00 to $260.00 in a research report on Friday, October 16th. Robert W. Baird began coverage on shares of Brinker International in a research note on Monday, August 24th. They set an “outperform” rating and a $325.00 price objective for the company. Jefferies Financial Group raised shares of Brinker International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $230.00 to $255.00 in a research note on Wednesday, October 14th. Finally, Seaport Research Partners initiated coverage on shares of Brinker International in a report on Wednesday, September 16th. They set a “buy” rating and a $230.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $248.76.

Brinker International Company Profile

Brinker International, Inc is a casual-dining restaurant company that owns, operates and franchises restaurants in the United States and select international markets. The company is headquartered in Dallas, Texas, and serves customers through company-operated and franchised locations.

Brinker’s principal brands are Chili’s Grill & Bar and Maggiano’s Little Italy. Chili’s offers a broad menu of burgers, steaks, ribs, fajitas, Tex-Mex dishes, salads and beverages in a full-service, casual setting.