Meeder Asset Management Inc. Sells 3,658 Shares of Brinker International, Inc. $EAT

Meeder Asset Management Inc. lowered its stake in shares of Brinker International, Inc. (NYSE:EAT) by 61.5% in the second quarter, Holdings Channel reports. The firm owned 2,287 shares of the restaurant operator’s stock after selling 3,658 shares during the period. Meeder Asset Management Inc.’s holdings in Brinker International were worth $384,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EAT. Citizens Financial Group Inc. RI bought a new position in shares of Brinker International in the second quarter valued at approximately $318,000. BlackRock Inc. boosted its holdings in shares of Brinker International by 2.2% during the 2nd quarter. BlackRock Inc. now owns 6,729,477 shares of the restaurant operator’s stock worth $1,130,552,000 after buying an additional 145,525 shares during the period. Deutsche Bank AG grew its stake in Brinker International by 18.0% in the 2nd quarter. Deutsche Bank AG now owns 63,795 shares of the restaurant operator’s stock valued at $10,718,000 after buying an additional 9,733 shares during the last quarter. Persistent Asset Partners Ltd acquired a new position in Brinker International in the 2nd quarter valued at $175,000. Finally, Argent Trust Co bought a new position in Brinker International in the 2nd quarter worth $247,000.

Insiders Place Their Bets

In other Brinker International news, EVP Aaron M. White sold 16,220 shares of the stock in a transaction on Friday, August 14th. The stock was 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 directly owned 42,756 shares in the company, valued at $10,099,822.32. This represents a 27.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Douglas N. Comings sold 5,000 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $236.29, for a total transaction of $1,181,450.00. Following the completion of the sale, the chief operating officer owned 17,527 shares in the company, valued at $4,141,454.83. This represents a 22.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 133,105 shares of company stock worth $32,070,729 over the last quarter. Corporate insiders own 1.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on EAT. UBS Group boosted their target price on shares of Brinker International from $190.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Piper Sandler lifted their price objective on Brinker International from $166.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday. DA Davidson raised their target price on Brinker International from $160.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. KeyCorp increased their price objective on Brinker International from $204.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Finally, Citigroup upped their target price on shares of Brinker International from $227.00 to $282.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $238.05.

Brinker International Stock Performance

NYSE EAT opened at $235.22 on Wednesday. The stock has a market cap of $10.09 billion, a P/E ratio of 21.60, a PEG ratio of 1.32 and a beta of 1.23. The company’s 50-day simple moving average is $190.57 and its 200 day simple moving average is $161.90. Brinker International, Inc. has a twelve month low of $100.30 and a twelve month high of $253.71. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.95.

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 analysts’ consensus estimates of $3.09 by ($0.02). The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. Brinker International had a return on equity of 122.35% and a net margin of 8.39%.The firm’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. As a group, research analysts forecast that Brinker International, Inc. will post 13.24 earnings per share for the current fiscal year.

More Brinker International News

Here are the key news stories impacting Brinker International this week:

• Positive Sentiment: Zacks highlighted rising earnings estimates for Brinker International, suggesting improving analyst expectations could support the shares. The company recently reported revenue growth of 5.1% year over year and expects fiscal 2027 EPS of $12.60 to $13.40. Earnings Estimates Moving Higher for Brinker International
• Positive Sentiment: Brinker’s strong price momentum and growth profile remain supportive factors. Zacks noted that EAT had gained 5.31% over the prior week and may appeal to momentum and growth investors. Brinker International Growth Stock Analysis
• Neutral Sentiment: Piper Sandler raised its price target from $166 to $240 but kept a Neutral rating, indicating improved expectations while signaling limited upside at recent levels. Northcoast Research also moved its rating to Neutral. Piper Sandler Raises Brinker Price Target
• Negative Sentiment: Several senior executives reduced their holdings. CEO Kevin Hochman sold 40,000 shares for approximately $9.7 million, while SVP Daniel Fuller, EVPs George Felix and Aaron White, COO Douglas Comings, and Director Cindy Davis also reported sales. The breadth of the transactions may weigh on sentiment, although some sales were conducted under a Rule 10b5-1 plan or to cover taxes related to vested shares. Brinker Insider Sales After Record Stock Surge

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.