Farther Finance Advisors LLC Acquires 504 Shares of Brinker International, Inc. $EAT

Farther Finance Advisors LLC raised its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 266.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 693 shares of the restaurant operator’s stock after acquiring an additional 504 shares during the period. Farther Finance Advisors LLC’s holdings in Brinker International were worth $125,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of EAT. Alyeska Investment Group L.P. bought a new position in Brinker International during the first quarter valued at approximately $76,114,000. Westfield Capital Management Co. LP grew its position in Brinker International by 102.0% during the first quarter. Westfield Capital Management Co. LP now owns 995,713 shares of the restaurant operator’s stock valued at $148,411,000 after acquiring an additional 502,897 shares during the last quarter. Nuveen LLC bought a new position in Brinker International during the first quarter valued at approximately $55,808,000. Samlyn Capital LLC bought a new position in Brinker International during the first quarter valued at approximately $44,557,000. Finally, Lord Abbett & CO. LLC bought a new position in Brinker International during the first quarter valued at approximately $24,891,000.

Brinker International Stock Performance

Shares of Brinker International stock opened at $126.81 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $5.64 billion, a P/E ratio of 15.26, a P/E/G ratio of 0.81 and a beta of 1.38. The business has a fifty day simple moving average of $150.33 and a two-hundred day simple moving average of $155.50. Brinker International, Inc. has a 12 month low of $80.44 and a 12 month high of $192.21.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, beating the consensus estimate of $2.47 by $0.02. The business 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 company’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. On average, equities analysts forecast that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

EAT has been the topic of several recent analyst reports. Piper Sandler raised their target price on shares of Brinker International from $155.00 to $168.00 and gave the stock a “neutral” rating in a report on Thursday, August 14th. JPMorgan Chase & Co. raised their target price on shares of Brinker International from $160.00 to $180.00 and gave the stock a “neutral” rating in a report on Wednesday, June 25th. Barclays raised their target price on shares of Brinker International from $166.00 to $170.00 and gave the stock an “equal weight” rating in a report on Thursday, August 14th. Morgan Stanley raised their target price on shares of Brinker International from $149.00 to $161.00 and gave the stock an “equal weight” rating in a report on Thursday, August 14th. Finally, Wells Fargo & Company upgraded shares of Brinker International from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $165.00 to $175.00 in a report on Monday, September 22nd. Seven research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $171.53.

Insider Buying and Selling at Brinker International

In other Brinker International news, COO Douglas N. Comings sold 16,000 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $156.48, for a total transaction of $2,503,680.00. Following the completion of the transaction, the chief operating officer owned 12,951 shares of the company’s stock, valued at approximately $2,026,572.48. This trade represents a 55.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Harriet Edelman sold 8,325 shares of the firm’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $157.00, for a total value of $1,307,025.00. Following the transaction, the director directly owned 28,905 shares of the company’s stock, valued at $4,538,085. This represents a 22.36% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,325 shares of company stock valued at $10,754,785. 1.72% of the stock is currently owned by company insiders.

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.