Alberta Investment Management Corp Takes Position in Brinker International, Inc. $EAT

Alberta Investment Management Corp purchased a new stake in shares of Brinker International, Inc. (NYSE:EAT) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 22,800 shares of the restaurant operator’s stock, valued at approximately $4,112,000. Alberta Investment Management Corp owned approximately 0.05% of Brinker International at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in EAT. CWM LLC lifted its stake in Brinker International by 36.9% during the 1st quarter. CWM LLC now owns 1,210 shares of the restaurant operator’s stock valued at $180,000 after acquiring an additional 326 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new stake in Brinker International during the first quarter worth $4,406,000. Victory Capital Management Inc. boosted its position in Brinker International by 28.0% in the first quarter. Victory Capital Management Inc. now owns 25,581 shares of the restaurant operator’s stock worth $3,813,000 after purchasing an additional 5,598 shares during the last quarter. Allianz Asset Management GmbH bought a new position in Brinker International in the 1st quarter valued at $509,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Brinker International in the 1st quarter valued at $2,659,000.

Brinker International Trading Down 3.5%

EAT stock opened at $113.10 on Monday. Brinker International, Inc. has a one year low of $100.30 and a one year high of $192.21. The company has a market capitalization of $5.03 billion, a PE ratio of 11.73, a price-to-earnings-growth ratio of 0.77 and a beta of 1.38. The company’s 50 day moving average price is $127.79 and its two-hundred day moving average price is $149.62. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.25 and a current ratio of 0.35.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.17. Brinker International had a return on equity of 164.66% and a net margin of 7.94%.The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company earned $0.95 EPS. Brinker International’s revenue for the quarter was up 18.5% compared to the same quarter last year. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, analysts predict that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Brinker International from $175.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Morgan Stanley lowered their target price on Brinker International from $161.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 22nd. The Goldman Sachs Group cut their price target on Brinker International from $207.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday, September 30th. Stifel Nicolaus lowered their price objective on Brinker International from $215.00 to $200.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Finally, Mizuho initiated coverage on shares of Brinker International in a research report on Tuesday, October 28th. They set an “outperform” rating and a $155.00 target price for the company. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $165.67.

Insiders Place Their Bets

In other Brinker International news, CEO Kevin Hochman sold 44,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was 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 owned 212,867 shares of the company’s stock, valued at $33,594,669.94. This represents a 17.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Douglas N. Comings sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $156.48, for a total value 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 trade represents a 55.27% 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.