Janney Montgomery Scott LLC Raises Holdings in Brinker International, Inc. $EAT

Janney Montgomery Scott LLC increased its position in Brinker International, Inc. (NYSE:EAT) by 8.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,817 shares of the restaurant operator’s stock after acquiring an additional 2,011 shares during the period. Janney Montgomery Scott LLC owned approximately 0.06% of Brinker International worth $4,656,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Archford Capital Strategies LLC grew its holdings in shares of Brinker International by 214.9% in the 2nd quarter. Archford Capital Strategies LLC now owns 14,525 shares of the restaurant operator’s stock worth $2,619,000 after acquiring an additional 9,912 shares during the period. Rezny Wealth Management Inc. grew its holdings in shares of Brinker International by 0.9% in the 2nd quarter. Rezny Wealth Management Inc. now owns 11,581 shares of the restaurant operator’s stock worth $2,088,000 after acquiring an additional 106 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Brinker International by 7.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 26,452 shares of the restaurant operator’s stock worth $4,770,000 after acquiring an additional 1,846 shares during the period. Signet Financial Management LLC acquired a new stake in shares of Brinker International in the 2nd quarter worth approximately $2,280,000. Finally, Public Employees Retirement System of Ohio grew its holdings in Brinker International by 253.6% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,312 shares of the restaurant operator’s stock valued at $237,000 after buying an additional 941 shares during the last quarter.

Insider Buying and Selling at Brinker International

In other Brinker International news, Director Harriet Edelman sold 8,325 shares of the firm’s stock in a transaction dated Thursday, August 14th. The stock was 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 trade represents a 22.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Douglas N. Comings sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $156.48, for a total value of $2,503,680.00. Following the completion of the transaction, the chief operating officer directly owned 12,951 shares in the company, valued at $2,026,572.48. This trade represents a 55.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 68,325 shares of company stock valued at $10,754,785 over the last three months. 1.72% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Morgan Stanley increased their target price on Brinker International from $149.00 to $161.00 and gave the company an “equal weight” rating in a report on Thursday, August 14th. Wells Fargo & Company upgraded Brinker International from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $165.00 to $175.00 in a report on Monday, September 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Brinker International in a report on Saturday, September 27th. UBS Group increased their target price on Brinker International from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. upgraded Brinker International from a “neutral” rating to an “overweight” rating and set a $175.00 target price on the stock in a report on Tuesday. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $171.35.

Brinker International Trading Up 0.4%

Shares of EAT opened at $127.06 on Wednesday. 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 $5.65 billion, a P/E ratio of 15.29, a price-to-earnings-growth ratio of 0.80 and a beta of 1.38. The stock’s fifty day simple moving average is $149.07 and its 200 day simple moving average is $155.34. Brinker International, Inc. has a twelve month low of $82.24 and a twelve month high of $192.21.

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

Brinker International Company 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.