Mutual of America Capital Management LLC Sells 757 Shares of Brinker International, Inc. $EAT

Mutual of America Capital Management LLC reduced its position in shares of Brinker International, Inc. (NYSE:EAT) by 11.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,710 shares of the restaurant operator’s stock after selling 757 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Brinker International were worth $1,030,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in EAT. Concord Wealth Partners bought a new stake in shares of Brinker International during the second quarter valued at approximately $25,000. AdvisorNet Financial Inc acquired a new stake in Brinker International in the 2nd quarter valued at $33,000. National Bank of Canada FI increased its stake in Brinker International by 227.3% during the 1st quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 175 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in Brinker International during the second quarter worth $49,000. Finally, Virtus Advisers LLC bought a new position in shares of Brinker International in the first quarter valued at $54,000.

Insider Buying and Selling

In other news, Director Harriet Edelman sold 8,325 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $157.00, for a total transaction of $1,307,025.00. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Douglas N. Comings sold 16,000 shares of Brinker International 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 in the company, valued at $2,026,572.48. This trade represents a 55.27% 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 worth $10,754,785. Insiders own 1.43% of the company’s stock.

Wall Street Analysts Forecast Growth

EAT has been the subject of several recent research reports. UBS Group decreased their target price on shares of Brinker International from $165.00 to $144.00 and set a “neutral” rating for the company in a research report on Monday. Piper Sandler boosted their price objective on Brinker International from $155.00 to $168.00 and gave the stock a “neutral” rating in a report on Thursday, August 14th. Citigroup lowered their price objective on Brinker International from $168.00 to $156.00 and set a “neutral” rating for the company in a research note on Tuesday, October 14th. Wells Fargo & Company raised Brinker International from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $165.00 to $175.00 in a research report on Monday, September 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Brinker International in a research report on Wednesday, October 8th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.61.

Brinker International Stock Down 0.6%

EAT stock opened at $126.55 on Tuesday. The stock has a market cap of $5.62 billion, a P/E ratio of 15.23, a P/E/G ratio of 0.84 and a beta of 1.38. 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 stock’s fifty day simple moving average is $140.77 and its two-hundred day simple moving average is $153.65. Brinker International, Inc. has a 1-year low of $95.60 and a 1-year high of $192.21.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.02. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. Brinker International had a return on equity of 211.86% and a net margin of 7.12%.The business’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.61 EPS. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Analysts expect that Brinker International, Inc. will post 8.3 EPS for the current year.

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.