3,000 Shares in Brinker International, Inc. $EAT Purchased by Aviva PLC

Aviva PLC purchased a new stake in shares of Brinker International, Inc. (NYSE:EAT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,000 shares of the restaurant operator’s stock, valued at approximately $541,000.

Other institutional investors have also recently made changes to their positions in the company. Alyeska Investment Group L.P. acquired a new stake in shares of Brinker International in the 1st quarter valued at approximately $76,114,000. Westfield Capital Management Co. LP lifted its stake in Brinker International by 102.0% in the first quarter. Westfield Capital Management Co. LP now owns 995,713 shares of the restaurant operator’s stock valued at $148,411,000 after acquiring an additional 502,897 shares during the last quarter. Nuveen LLC bought a new position in shares of Brinker International in the 1st quarter valued at about $55,808,000. ANTIPODES PARTNERS Ltd acquired a new position in shares of Brinker International during the 2nd quarter worth about $55,725,000. Finally, Samlyn Capital LLC bought a new stake in shares of Brinker International in the 1st quarter valued at about $44,557,000.

Brinker International Price Performance

NYSE:EAT opened at $117.17 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.25 and a current ratio of 0.35. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 12.15, a P/E/G ratio of 0.77 and a beta of 1.38. Brinker International, Inc. has a 52 week low of $100.30 and a 52 week high of $192.21. The firm’s 50-day simple moving average is $128.69 and its 200 day simple moving average is $149.75.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, October 29th. The restaurant operator reported $1.93 EPS for the quarter, topping the consensus estimate of $1.76 by $0.17. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Brinker International had a net margin of 7.94% and a return on equity of 164.66%. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period last year, the firm earned $0.95 earnings per share. 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 year.

Wall Street Analyst Weigh In

EAT has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Brinker International in a report on Thursday, October 30th. Wall Street Zen downgraded Brinker International from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Citigroup decreased their target price on Brinker International from $156.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Bank of America raised Brinker International from a “neutral” rating to a “buy” rating and raised their price target for the company from $190.00 to $192.00 in a report on Monday, October 6th. Finally, Morgan Stanley decreased their price objective on shares of Brinker International from $161.00 to $160.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 22nd. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $165.67.

Insiders Place Their Bets

In other Brinker International news, COO Douglas N. Comings sold 16,000 shares of the stock in a transaction dated 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kevin Hochman sold 44,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 212,867 shares in the company, valued at approximately $33,594,669.94. This represents a 17.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.43% of the company’s stock.

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.