Burns Matteson Capital Management LLC Buys 3,483 Shares of Brinker International, Inc. $EAT

Burns Matteson Capital Management LLC bought a new stake in Brinker International, Inc. (NYSE:EAT) in the 3rd quarter, HoldingsChannel reports. The firm bought 3,483 shares of the restaurant operator’s stock, valued at approximately $674,000.

A number of other hedge funds and other institutional investors have also modified their holdings of EAT. Smith Group Asset Management LLC boosted its position in shares of Brinker International by 0.5% during the 2nd quarter. Smith Group Asset Management LLC now owns 20,669 shares of the restaurant operator’s stock valued at $3,472,000 after acquiring an additional 104 shares during the last quarter. Vontobel Holding Ltd. increased its position in Brinker International by 9.5% during the second quarter. Vontobel Holding Ltd. now owns 2,147 shares of the restaurant operator’s stock worth $361,000 after purchasing an additional 186 shares during the last quarter. Kilter Group LLC acquired a new stake in Brinker International during the second quarter worth about $35,000. EverSource Wealth Advisors LLC increased its position in Brinker International by 12.0% during the first quarter. EverSource Wealth Advisors LLC now owns 2,021 shares of the restaurant operator’s stock worth $289,000 after purchasing an additional 217 shares during the last quarter. Finally, Bayforest Capital Ltd raised its stake in Brinker International by 82.3% during the second quarter. Bayforest Capital Ltd now owns 525 shares of the restaurant operator’s stock worth $88,000 after purchasing an additional 237 shares during the period.

Brinker International Stock Performance

Shares of Brinker International stock opened at $203.97 on Friday. Brinker International, Inc. has a 52 week low of $100.30 and a 52 week high of $254.99. The business’s fifty day simple moving average is $216.52 and its 200-day simple moving average is $180.92. The firm has a market cap of $8.52 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 1.06 and a beta of 1.25. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.95.

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

Insider Buying and Selling

In other Brinker International news, EVP Aaron M. White sold 16,220 shares of the stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $236.22, for a total transaction of $3,831,488.40. Following the completion of the transaction, the executive vice president owned 42,756 shares of the company’s stock, valued at $10,099,822.32. This trade represents a 27.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP George S. Felix sold 14,349 shares of Brinker International stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $237.47, for a total transaction of $3,407,457.03. Following the sale, the executive vice president owned 6,293 shares of the company’s stock, valued at approximately $1,494,398.71. This represents a 69.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 173,694 shares of company stock valued at $41,568,690 over the last three months. Company insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on EAT. Freedom Broker upgraded shares of Brinker International to a “strong-buy” rating in a report on Friday, September 18th. Seaport Research Partners initiated coverage on shares of Brinker International in a research note on Wednesday, September 16th. They issued a “buy” rating and a $230.00 price target for the company. BMO Capital Markets raised their price target on shares of Brinker International from $175.00 to $230.00 and gave the stock a “market perform” rating in a report on Thursday, August 13th. Wells Fargo & Company raised their price target on shares of Brinker International from $220.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. Finally, Northcoast Research raised shares of Brinker International from a “neutral” rating to a “buy” rating and set a $275.00 price target on the stock in a research report on Tuesday, September 22nd. Three analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $249.33.

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.