Brinker International (NYSE:EAT) EVP Aaron White Sells 16,220 Shares of Stock

Brinker International, Inc. (NYSE:EAT) EVP Aaron White sold 16,220 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $236.22, for a total value of $3,831,488.40. Following the completion of the sale, the executive vice president owned 42,756 shares of the company’s stock, valued at approximately $10,099,822.32. This represents a 27.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Brinker International Stock Up 2.1%

Brinker International stock traded up $4.96 during mid-day trading on Monday, reaching $242.11. The stock had a trading volume of 924,214 shares, compared to its average volume of 1,172,871. The firm has a market capitalization of $10.38 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 1.32 and a beta of 1.23. Brinker International, Inc. has a fifty-two week low of $100.30 and a fifty-two week high of $253.71. The stock’s 50-day simple moving average is $186.95 and its 200-day simple moving average is $160.75. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.45.

Brinker International (NYSE:EAT) last issued its earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). Brinker International had a return on equity of 122.35% and a net margin of 8.39%.The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the prior year, the business earned $2.30 earnings per share. Brinker International’s revenue for the quarter was up 5.1% on a year-over-year basis. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. On average, sell-side analysts forecast that Brinker International, Inc. will post 13.19 EPS for the current fiscal year.

Institutional Trading of Brinker International

Institutional investors and hedge funds have recently made changes to their positions in the company. Transamerica Financial Advisors LLC lifted its position in shares of Brinker International by 570.4% during the fourth quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 154 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Brinker International in the 3rd quarter valued at about $25,000. Kilter Group LLC bought a new position in shares of Brinker International during the 2nd quarter worth approximately $35,000. Allworth Financial LP lifted its position in shares of Brinker International by 58.5% during the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock worth $28,000 after buying an additional 83 shares in the last quarter. Finally, Salomon & Ludwin LLC boosted its stake in shares of Brinker International by 45.1% in the 4th quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock worth $45,000 after buying an additional 93 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EAT shares. Northcoast Research cut shares of Brinker International from a “buy” rating to a “neutral” rating in a report on Friday. BMO Capital Markets upped their target price on shares of Brinker International from $175.00 to $230.00 and gave the stock a “market perform” rating in a report on Thursday. Barclays raised their price target on shares of Brinker International from $170.00 to $175.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. TD Cowen lifted their price target on Brinker International from $210.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Finally, Morgan Stanley boosted their price objective on Brinker International from $207.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $238.05.

About Brinker International

Brinker International, Inc (NYSE: EAT) is a leading global operator of casual dining restaurants. The company’s portfolio is anchored by its flagship Chili’s® Grill & Bar concept and Maggiano’s® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili’s brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.