Brinker International, Inc. $EAT Stock Holdings Increased by DAVENPORT & Co LLC

DAVENPORT & Co LLC increased its holdings in Brinker International, Inc. (NYSE:EAT) by 117.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,272 shares of the restaurant operator’s stock after purchasing an additional 2,303 shares during the quarter. DAVENPORT & Co LLC’s holdings in Brinker International were worth $770,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Rezny Wealth Management Inc. raised 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 purchasing an additional 106 shares in the last quarter. Mackenzie Financial Corp raised its holdings in shares of Brinker International by 4.2% during the first quarter. Mackenzie Financial Corp now owns 2,933 shares of the restaurant operator’s stock valued at $437,000 after acquiring an additional 119 shares during the period. Range Financial Group LLC raised its holdings in shares of Brinker International by 2.2% during the second quarter. Range Financial Group LLC now owns 7,103 shares of the restaurant operator’s stock valued at $1,281,000 after acquiring an additional 151 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Brinker International by 575.0% during the first quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator’s stock valued at $29,000 after acquiring an additional 161 shares during the period. Finally, National Bank of Canada FI raised its holdings in shares of Brinker International by 227.3% during the first quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 175 shares during the period.

Brinker International Stock Up 0.3%

Brinker International stock opened at $124.86 on Friday. The firm has a market cap of $5.55 billion, a PE ratio of 15.03, a P/E/G ratio of 0.83 and a beta of 1.38. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.25 and a current ratio of 0.31. The firm’s 50 day moving average price is $146.91 and its two-hundred day moving average price is $154.67. Brinker International, Inc. has a twelve month low of $82.42 and a twelve month high of $192.21.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, topping the consensus estimate of $2.47 by $0.02. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. Brinker International had a net margin of 7.12% and a return on equity of 211.86%. The company’s revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the previous 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, research analysts predict that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on EAT shares. Piper Sandler boosted their price target on shares of Brinker International from $155.00 to $168.00 and gave the company a “neutral” rating in a report on Thursday, August 14th. Morgan Stanley boosted their price target on shares of Brinker International from $149.00 to $161.00 and gave the company an “equal weight” rating in a report on Thursday, August 14th. BMO Capital Markets boosted their price target on shares of Brinker International from $150.00 to $170.00 and gave the company a “market perform” rating in a report on Thursday, August 14th. Barclays boosted their price target on shares of Brinker International from $166.00 to $170.00 and gave the company an “equal weight” rating in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. upgraded shares of Brinker International from a “neutral” rating to an “overweight” rating and set a $175.00 price target on the stock in a report on Tuesday, October 7th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $171.35.

Insiders Place Their Bets

In other Brinker International news, CEO Kevin Hochman sold 44,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 212,867 shares of the company’s stock, valued at $33,594,669.94. The trade was a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Douglas N. Comings sold 16,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief operating officer directly owned 12,951 shares of the company’s stock, valued at $2,026,572.48. This represents a 55.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,325 shares of company stock valued at $10,754,785 over the last ninety days. Corporate insiders own 1.72% of the company’s stock.

About Brinker International

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.