21,550 Shares in Brinker International, Inc. $EAT Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new position in shares of Brinker International, Inc. (NYSE:EAT) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 21,550 shares of the restaurant operator’s stock, valued at approximately $3,620,000. The Manufacturers Life Insurance Company owned approximately 0.05% of Brinker International at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in EAT. Balyasny Asset Management L.P. increased its position in shares of Brinker International by 667.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock valued at $163,938,000 after purchasing an additional 993,435 shares during the period. UBS Group AG boosted its stake in Brinker International by 155.2% during the third quarter. UBS Group AG now owns 1,464,389 shares of the restaurant operator’s stock valued at $185,509,000 after buying an additional 890,593 shares in the last quarter. Norges Bank acquired a new position in Brinker International during the fourth quarter worth about $83,603,000. Capital World Investors raised its position in Brinker International by 96.5% in the fourth quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock worth $163,306,000 after acquiring an additional 558,799 shares in the last quarter. Finally, Samlyn Capital LLC raised its position in Brinker International by 104.9% in the third quarter. Samlyn Capital LLC now owns 878,584 shares of the restaurant operator’s stock worth $111,299,000 after acquiring an additional 449,871 shares in the last quarter.

Insider Buying and Selling

In related news, EVP George S. Felix sold 14,349 shares of the 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 transaction, the executive vice president owned 6,293 shares of the company’s stock, valued at $1,494,398.71. This represents a 69.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kevin Hochman sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $243.15, for a total value of $9,726,000.00. Following the transaction, the chief executive officer owned 144,090 shares of the company’s stock, valued at $35,035,483.50. This trade represents a 21.73% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 170,014 shares of company stock worth $40,718,187. Insiders own 1.43% of the company’s stock.

Brinker International Trading Up 2.5%

Shares of NYSE:EAT opened at $234.32 on Wednesday. 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 stock has a market capitalization of $9.79 billion, a PE ratio of 21.52, a P/E/G ratio of 1.18 and a beta of 1.23. Brinker International, Inc. has a 1 year low of $100.30 and a 1 year high of $254.99. The firm has a fifty day moving average price of $206.36 and a 200 day moving average price of $167.14.

Brinker International (NYSE:EAT) last announced its quarterly earnings results 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 for 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 revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Analysts expect that Brinker International, Inc. will post 13.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on EAT shares. UBS Group boosted their price objective on Brinker International from $190.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Northcoast Research cut shares of Brinker International from a “buy” rating to a “neutral” rating in a report on Friday, August 14th. Bank of America boosted their price target on shares of Brinker International from $224.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 14th. KeyCorp boosted their price target on shares of Brinker International from $204.00 to $275.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Finally, DA Davidson upped their price target on shares of Brinker International from $160.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Seventeen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $242.19.

Brinker International Profile

Brinker International, Inc (NYSE: EAT) is a leading global operator of casual dining restaurants. The company’s portfolio is anchored by its flagship Chili’s® Grill & Bar concept and Maggiano’s® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili’s brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.