Brinker International, Inc. $EAT Shares Bought by Creative Planning

Creative Planning grew its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 9.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,609 shares of the restaurant operator’s stock after buying an additional 2,200 shares during the quarter. Creative Planning owned 0.06% of Brinker International worth $4,618,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Concord Wealth Partners bought a new position in Brinker International during the 2nd quarter valued at $25,000. Allworth Financial LP raised its stake in shares of Brinker International by 105.8% in the 2nd quarter. Allworth Financial LP now owns 142 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 73 shares in the last quarter. AdvisorNet Financial Inc bought a new position in shares of Brinker International during the second quarter worth about $33,000. National Bank of Canada FI lifted its position in shares of Brinker International by 227.3% during the first quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 175 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC grew its stake in Brinker International by 52.1% in the second quarter. GPS Wealth Strategies Group LLC now owns 219 shares of the restaurant operator’s stock worth $39,000 after purchasing an additional 75 shares in the last quarter.

Insider Buying and Selling

In related news, CEO Kevin Hochman sold 44,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $157.82, for a total transaction of $6,944,080.00. Following the transaction, the chief executive officer owned 212,867 shares in the company, valued at $33,594,669.94. This trade represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Douglas N. Comings sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $156.48, for a total value of $2,503,680.00. Following the completion of the sale, the chief operating officer owned 12,951 shares of the company’s stock, valued at $2,026,572.48. This trade represents a 55.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.43% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have commented on EAT shares. JPMorgan Chase & Co. reduced their target price on Brinker International from $175.00 to $155.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Mizuho started coverage on Brinker International in a research report on Tuesday, October 28th. They set an “outperform” rating and a $155.00 price target on the stock. Barclays reduced their price objective on Brinker International from $145.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Citigroup lowered their target price 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. Finally, Jefferies Financial Group reduced their price target on shares of Brinker International from $175.00 to $144.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat, Brinker International has a consensus rating of “Moderate Buy” and a consensus target price of $165.67.

Brinker International Price Performance

Shares of NYSE EAT opened at $135.15 on Friday. The stock has a market cap of $6.00 billion, a P/E ratio of 14.02, a P/E/G ratio of 0.77 and a beta of 1.38. The firm’s 50-day simple moving average is $124.88 and its 200 day simple moving average is $149.22. Brinker International, Inc. has a fifty-two week low of $100.30 and a fifty-two week high of $192.21. The company has a quick ratio of 0.25, a current ratio of 0.35 and a debt-to-equity ratio of 1.53.

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

Brinker International Company Profile

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.