Insider Selling: Brinker International (NYSE:EAT) SVP Sells $2,424,562.80 in Stock

Brinker International, Inc. (NYSE:EAT) SVP Daniel Fuller sold 9,960 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $243.43, for a total value of $2,424,562.80. Following the completion of the transaction, the senior vice president owned 32,086 shares in the company, valued at $7,810,694.98. This trade represents a 23.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Brinker International Stock Down 0.6%

EAT opened at $232.06 on Friday. Brinker International, Inc. has a 52 week low of $100.30 and a 52 week high of $253.71. The business has a 50 day moving average price of $193.76 and a two-hundred day moving average price of $162.94. The company has a quick ratio of 0.35, a current ratio of 0.45 and a debt-to-equity ratio of 0.95. The company has a market cap of $9.95 billion, a PE ratio of 21.31, a P/E/G ratio of 1.20 and a beta of 1.24.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). The firm 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 company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.30 earnings per share. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. As a group, research analysts anticipate that Brinker International, Inc. will post 13.24 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. TD Cowen increased their price objective on Brinker International from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Wells Fargo & Company boosted their target price on shares of Brinker International from $220.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. KeyCorp upped their price target on shares of Brinker International from $204.00 to $275.00 and gave the stock an “overweight” rating in a research note on Thursday, August 13th. Stephens increased their price target on shares of Brinker International from $220.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Finally, UBS Group raised their price objective on shares of Brinker International from $190.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $238.05.

Hedge Funds Weigh In On Brinker International

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in Brinker International by 2.2% in the second quarter. BlackRock Inc. now owns 6,729,477 shares of the restaurant operator’s stock valued at $1,130,552,000 after purchasing an additional 145,525 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Brinker International by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,819,397 shares of the restaurant operator’s stock worth $691,680,000 after buying an additional 73,346 shares during the last quarter. UBS Group AG raised its stake in shares of Brinker International by 103.2% during the 4th quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock worth $427,066,000 after buying an additional 1,511,266 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Brinker International by 27.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,393,604 shares of the restaurant operator’s stock worth $176,542,000 after buying an additional 301,912 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in shares of Brinker International by 667.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock worth $163,938,000 after buying an additional 993,435 shares in the last quarter.

Brinker International Company 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.