Primecap Management Co. CA Invests $4.74 Million in Brinker International, Inc. $EAT

Primecap Management Co. CA purchased a new stake in Brinker International, Inc. (NYSE:EAT) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 28,200 shares of the restaurant operator’s stock, valued at approximately $4,738,000.

Other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new stake in Brinker International during the third quarter worth about $25,000. Transamerica Financial Advisors LLC lifted its holdings in Brinker International by 570.4% in the fourth quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 154 shares during the last quarter. Allworth Financial LP boosted its stake in Brinker International by 58.5% in the third quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 83 shares during the period. Kilter Group LLC acquired a new position in Brinker International in the second quarter valued at approximately $35,000. Finally, Global Retirement Partners LLC grew its holdings in shares of Brinker International by 1,233.3% during the fourth quarter. Global Retirement Partners LLC now owns 360 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 333 shares during the last quarter.

Insider Transactions at Brinker International

In other Brinker International news, SVP Daniel S. Fuller sold 1,909 shares of Brinker International stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $253.54, for a total transaction of $484,007.86. Following the sale, the senior vice president owned 30,177 shares of the company’s stock, valued at $7,651,076.58. The trade was a 5.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP George S. Felix sold 14,349 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president directly owned 6,293 shares in the company, valued at $1,494,398.71. This trade represents a 69.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 145,014 shares of company stock worth $34,958,437 over the last quarter. Insiders own 1.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. KeyCorp increased their price target on Brinker International from $204.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. TD Cowen boosted their price objective on Brinker International from $210.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. UBS Group upped their price objective on Brinker International from $190.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Morgan Stanley increased their target price on Brinker International from $207.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Finally, Mizuho raised their target price on Brinker International from $175.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Seventeen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $242.19.

Key Stories Impacting Brinker International

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

• Positive Sentiment: Brinker’s latest results showed solid operating momentum: quarterly revenue rose 5.1% year over year to approximately $1.54 billion, while comparable restaurant sales increased 5.0% and Chili’s comparable sales climbed 5.6%. Management also issued fiscal 2027 EPS guidance of $12.60–$13.40 and expanded its share-repurchase authorization to $750 million.
• Positive Sentiment: Robert W. Baird initiated coverage with an “outperform” rating and a $325 price target, offering a bullish view that the company’s growth outlook can support additional upside. Robert W. Baird Initiates Coverage on Brinker International
• Neutral Sentiment: Chili’s launched a promotional “Chili’s Golf Club” activation at DeBell Golf Club in California. The campaign could support brand engagement, but its near-term financial impact is unclear. Chili’s Golf Club announcement
• Negative Sentiment: A recent analyst downgrade to a neutral stance suggested that much of Brinker’s strong earnings news may already be reflected in the stock following its sharp rally. Valuation concerns are more prominent with shares near their 52-week high, while several older analyst targets remain below the current trading level.
• Negative Sentiment: Insider selling is adding short-term pressure. Senior Vice President Daniel S. Fuller sold 1,909 shares for approximately $484,000 on August 25, following other disclosed sales, including SVP James Butler’s 10,000-share sale valued at roughly $2.4 million. Across the past six months, reported insider activity included 15 sales and no purchases. Daniel Fuller insider sale

Brinker International Price Performance

Shares of NYSE:EAT opened at $240.52 on Thursday. The firm’s 50 day moving average is $200.98 and its two-hundred day moving average is $165.34. Brinker International, Inc. has a 52 week low of $100.30 and a 52 week high of $254.99. The firm has a market capitalization of $10.05 billion, a P/E ratio of 22.09, a PEG ratio of 1.28 and a beta of 1.24. The company has a current ratio of 0.45, a quick ratio of 0.40 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 the consensus estimate of $1.53 billion. Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The business’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the firm posted $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Analysts anticipate that Brinker International, Inc. will post 13.24 earnings per share for the current year.

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.