IFP Advisors Inc Buys 106 Shares of Brinker International, Inc. $EAT

IFP Advisors Inc lifted its stake in Brinker International, Inc. (NYSE:EAT) by 20.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 627 shares of the restaurant operator’s stock after acquiring an additional 106 shares during the period. IFP Advisors Inc’s holdings in Brinker International were worth $114,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. AdvisorNet Financial Inc bought a new position in shares of Brinker International in the 2nd quarter valued at approximately $33,000. Farther Finance Advisors LLC grew its holdings in Brinker International by 575.0% in the 1st quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator’s stock valued at $29,000 after buying an additional 161 shares during the last quarter. National Bank of Canada FI grew its holdings in Brinker International by 227.3% in the 1st quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 175 shares during the last quarter. Continuum Advisory LLC grew its holdings in Brinker International by 1,714.3% in the 1st quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 240 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Brinker International in the 2nd quarter valued at approximately $49,000.

Brinker International Price Performance

Shares of NYSE:EAT opened at $127.54 on Friday. Brinker International, Inc. has a 1-year low of $89.77 and a 1-year high of $192.21. The firm has a market capitalization of $5.67 billion, a PE ratio of 15.35, a PEG ratio of 0.84 and a beta of 1.38. The business’s 50 day moving average is $144.02 and its 200-day moving average is $153.90. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 1.15.

Brinker International (NYSE:EAT) last announced its quarterly earnings results 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 for 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%.Brinker International’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.61 EPS. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Sell-side analysts predict that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on EAT. JPMorgan Chase & Co. raised 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, October 7th. Citigroup lowered their target price on Brinker International from $168.00 to $156.00 and set a “neutral” rating on the stock in a report on Tuesday, October 14th. Stifel Nicolaus raised their target price on Brinker International from $200.00 to $215.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Jefferies Financial Group lowered their target price on Brinker International from $175.00 to $144.00 and set a “hold” rating on the stock in a report on Monday, October 13th. Finally, Piper Sandler raised their target price on Brinker International from $155.00 to $168.00 and gave the company a “neutral” rating in a report on Thursday, August 14th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $169.06.

Insider Activity at Brinker International

In related news, CEO Kevin Hochman sold 44,000 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was 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 of the company’s stock, valued at $33,594,669.94. The trade was a 17.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harriet Edelman sold 8,325 shares of the business’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 completion of the sale, the director directly owned 28,905 shares in the company, valued at approximately $4,538,085. This represents a 22.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 68,325 shares of company stock valued at $10,754,785 in the last 90 days. 1.43% of the stock is 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.