OmniStar Financial Group Inc. Lowers Stock Holdings in Brinker International, Inc. $EAT

OmniStar Financial Group Inc. lowered its position in shares of Brinker International, Inc. (NYSE:EAT) by 23.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,603 shares of the restaurant operator’s stock after selling 1,088 shares during the period. OmniStar Financial Group Inc.’s holdings in Brinker International were worth $650,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Alyeska Investment Group L.P. purchased a new position in Brinker International during the first quarter worth about $76,114,000. Westfield Capital Management Co. LP grew its holdings in shares of Brinker International by 102.0% during the first quarter. Westfield Capital Management Co. LP now owns 995,713 shares of the restaurant operator’s stock worth $148,411,000 after purchasing an additional 502,897 shares in the last quarter. Nuveen LLC bought a new position in shares of Brinker International in the first quarter worth approximately $55,808,000. ANTIPODES PARTNERS Ltd bought a new position in shares of Brinker International in the second quarter worth approximately $55,725,000. Finally, Samlyn Capital LLC purchased a new stake in Brinker International in the first quarter valued at approximately $44,557,000.

Brinker International Stock Down 3.5%

Shares of Brinker International stock opened at $113.10 on Friday. The company’s fifty day simple moving average is $127.79 and its two-hundred day simple moving average is $149.42. The company has a market cap of $5.03 billion, a P/E ratio of 11.73, a PEG ratio of 0.77 and a beta of 1.38. The company has a current ratio of 0.35, a quick ratio of 0.25 and a debt-to-equity ratio of 1.53. Brinker International, Inc. has a 12-month low of $100.30 and a 12-month high of $192.21.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, October 29th. The restaurant operator reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.17. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Brinker International had a return on equity of 164.66% and a net margin of 7.94%.The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 EPS. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Research analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EAT. Weiss Ratings reiterated a “buy (b-)” rating on shares of Brinker International in a research report on Thursday, October 30th. Barclays lowered their price objective on shares of Brinker International from $145.00 to $135.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Citigroup lowered their price target on shares of Brinker International from $156.00 to $144.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Bank of America raised Brinker International from a “neutral” rating to a “buy” rating and raised their price objective for the company from $190.00 to $192.00 in a research note on Monday, October 6th. Finally, Piper Sandler boosted their target price on Brinker International from $155.00 to $168.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Brinker International presently has an average rating of “Moderate Buy” and an average price target of $165.67.

Insider Transactions at Brinker International

In other Brinker International news, CEO Kevin Hochman sold 44,000 shares of the company’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $157.82, for a total value of $6,944,080.00. Following the sale, the chief executive officer owned 212,867 shares in the company, valued at approximately $33,594,669.94. This represents a 17.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Douglas N. Comings sold 16,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $156.48, for a total transaction of $2,503,680.00. Following the transaction, the chief operating officer directly owned 12,951 shares of the company’s stock, valued at $2,026,572.48. This represents a 55.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.43% of the company’s stock.

About Brinker International

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.