Teacher Retirement System of Texas Sells 26,223 Shares of Brinker International, Inc. $EAT

Teacher Retirement System of Texas trimmed its stake in shares of Brinker International, Inc. (NYSE:EAT) by 46.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,662 shares of the restaurant operator’s stock after selling 26,223 shares during the quarter. Teacher Retirement System of Texas’ holdings in Brinker International were worth $5,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of EAT. GAMMA Investing LLC grew its position in Brinker International by 153.4% during the 1st quarter. GAMMA Investing LLC now owns 783 shares of the restaurant operator’s stock worth $117,000 after acquiring an additional 474 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Brinker International in the 1st quarter worth approximately $206,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Brinker International in the 1st quarter worth approximately $492,000. Vontobel Holding Ltd. grew its position in shares of Brinker International by 10.0% in the 1st quarter. Vontobel Holding Ltd. now owns 3,182 shares of the restaurant operator’s stock worth $474,000 after buying an additional 290 shares during the last quarter. Finally, DAVENPORT & Co LLC bought a new stake in shares of Brinker International in the 1st quarter worth approximately $294,000.

Insider Buying and Selling at Brinker International

In other Brinker International news, Director Harriet Edelman sold 8,325 shares of Brinker International stock in a transaction on Thursday, August 14th. The stock was 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 owned 28,905 shares in the company, valued at approximately $4,538,085. The trade was a 22.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin Hochman sold 44,000 shares of Brinker International stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $157.82, for a total value of $6,944,080.00. Following the transaction, 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 SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 68,325 shares of company stock worth $10,754,785. 1.43% of the stock is owned by insiders.

Brinker International Stock Up 0.3%

Shares of NYSE:EAT opened at $108.39 on Friday. The stock has a fifty day simple moving average of $137.72 and a two-hundred day simple moving average of $152.73. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 0.77 and a beta of 1.38. Brinker International, Inc. has a 12-month low of $102.66 and a 12-month high of $192.21. The company has a current ratio of 0.35, a quick ratio of 0.25 and a debt-to-equity ratio of 1.53.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.17. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Brinker International had a return on equity of 164.66% and a net margin of 7.94%.The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. On average, research analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EAT. Citigroup cut their price objective on Brinker International from $156.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday. Jefferies Financial Group cut their price objective on Brinker International from $175.00 to $144.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. Mizuho began coverage on Brinker International in a research report on Tuesday. They issued an “outperform” rating and a $155.00 price objective on the stock. Stifel Nicolaus cut their price objective on Brinker International from $215.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Finally, Wall Street Zen lowered Brinker International from a “buy” rating to a “hold” rating in a research report on Saturday. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $165.67.

About Brinker International

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.