Mirae Asset Global Investments Co. Ltd. Invests $178,000 in Brinker International, Inc. $EAT

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Brinker International, Inc. (NYSE:EAT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 985 shares of the restaurant operator’s stock, valued at approximately $178,000.

Several other large investors have also recently added to or reduced their stakes in EAT. Farther Finance Advisors LLC increased its stake in shares of Brinker International by 575.0% during the 1st 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 last quarter. GAMMA Investing LLC grew its holdings in Brinker International by 153.4% in the first quarter. GAMMA Investing LLC now owns 783 shares of the restaurant operator’s stock valued at $117,000 after purchasing an additional 474 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Brinker International by 12.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,267 shares of the restaurant operator’s stock valued at $934,000 after purchasing an additional 713 shares during the period. Ritholtz Wealth Management grew its holdings in Brinker International by 46.8% in the first quarter. Ritholtz Wealth Management now owns 19,942 shares of the restaurant operator’s stock valued at $2,972,000 after purchasing an additional 6,359 shares during the period. Finally, Avior Wealth Management LLC boosted its holdings in shares of Brinker International by 8,187.9% in the 1st quarter. Avior Wealth Management LLC now owns 2,735 shares of the restaurant operator’s stock valued at $408,000 after purchasing an additional 2,702 shares during the last quarter.

Brinker International Trading Up 0.3%

NYSE:EAT opened at $124.86 on Friday. 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, Inc. has a one year low of $82.42 and a one year high of $192.21. The business’s 50-day simple moving average is $146.91 and its 200 day simple moving average is $154.67. The stock has a market cap of $5.55 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 0.83 and a beta of 1.38.

Brinker International (NYSE:EAT) last posted its quarterly earnings data 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. Brinker International had a return on equity of 211.86% and a net margin of 7.12%.The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the business earned $1.61 EPS. Brinker International’s revenue for the quarter was up 21.0% compared to the same quarter last year. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, sell-side analysts predict that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Evercore ISI upgraded shares of Brinker International from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $190.00 to $210.00 in a report on Thursday, September 4th. Piper Sandler upped their price target on Brinker International from $155.00 to $168.00 and gave the stock a “neutral” rating in a research note on Thursday, August 14th. Stifel Nicolaus upped their price target on Brinker International from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, June 23rd. JPMorgan Chase & Co. upgraded Brinker International from a “neutral” rating to an “overweight” rating and set a $175.00 target price for the company in a report on Tuesday, October 7th. Finally, Wells Fargo & Company upgraded Brinker International from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $165.00 to $175.00 in a report on Monday, September 22nd. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $171.35.

Insider Transactions at Brinker International

In other Brinker International news, COO Douglas N. Comings sold 16,000 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $156.48, for a total transaction of $2,503,680.00. Following the transaction, the chief operating officer directly owned 12,951 shares in the company, valued at $2,026,572.48. This represents a 55.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $6,944,080.00. Following the transaction, the chief executive officer owned 212,867 shares in the company, valued at $33,594,669.94. This trade represents a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,325 shares of company stock valued at $10,754,785. 1.72% of the stock is currently owned by corporate 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.