10,583 Shares in Brinker International, Inc. $EAT Purchased by Acadian Asset Management LLC

Acadian Asset Management LLC bought a new position in shares of Brinker International, Inc. (NYSE:EAT) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,583 shares of the restaurant operator’s stock, valued at approximately $1,576,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC grew its position in Brinker International by 575.0% during the first quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator’s stock worth $29,000 after buying an additional 161 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in Brinker International during the first quarter worth about $30,000. Continuum Advisory LLC lifted its stake in Brinker International by 1,714.3% during the first quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 240 shares during the last quarter. National Bank of Canada FI lifted its stake in Brinker International by 227.3% during the first quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 175 shares during the last quarter. Finally, Virtus Advisers LLC bought a new stake in Brinker International during the first quarter worth about $54,000.

Brinker International Stock Down 5.7%

Shares of NYSE:EAT opened at $144.09 on Wednesday. Brinker International, Inc. has a 52-week low of $72.77 and a 52-week high of $192.21. The firm has a market capitalization of $6.41 billion, a P/E ratio of 17.34, a P/E/G ratio of 0.97 and a beta of 1.43. The stock has a 50 day moving average price of $157.88 and a 200-day moving average price of $156.45. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.25 and a current ratio of 0.31.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.02. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. Brinker International had a return on equity of 211.86% and a net margin of 7.12%.The business’s revenue was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.61 EPS. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, equities research analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Insider Buying and Selling at Brinker International

In other Brinker International news, Director Harriet Edelman sold 8,325 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $157.00, for a total transaction of $1,307,025.00. Following the sale, the director directly owned 28,905 shares in the company, valued at approximately $4,538,085. This trade represents a 22.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kevin Hochman sold 44,000 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $157.82, for a total value of $6,944,080.00. Following the sale, the chief executive officer owned 212,867 shares in the company, valued at approximately $33,594,669.94. This represents a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 68,325 shares of company stock worth $10,754,785. Insiders own 1.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays boosted their target price on Brinker International from $166.00 to $170.00 and gave the company an “equal weight” rating in a research note on Thursday, August 14th. UBS Group boosted their target price on Brinker International from $155.00 to $165.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. Morgan Stanley boosted their target price on Brinker International from $149.00 to $161.00 and gave the company an “equal weight” rating in a research note on Thursday, August 14th. BMO Capital Markets boosted their price target on Brinker International from $150.00 to $170.00 and gave the company a “market perform” rating in a report on Thursday, August 14th. Finally, Wells Fargo & Company boosted their price target on Brinker International from $150.00 to $165.00 and gave the company an “equal weight” rating in a report on Thursday, July 17th. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $172.59.

Brinker International Profile

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.