Insider Selling: Brinker International (NYSE:EAT) EVP Sells $707,444.40 in Stock

Brinker International, Inc. (NYSE:EAT) EVP Michaela Ware sold 3,030 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $233.48, for a total value of $707,444.40. Following the sale, the executive vice president owned 17,494 shares in the company, valued at approximately $4,084,499.12. The trade was a 14.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Brinker International Stock Up 0.4%

Shares of NYSE EAT opened at $229.88 on Friday. The business has a 50-day simple moving average of $209.85 and a two-hundred day simple moving average of $168.53. Brinker International, Inc. has a 52 week low of $100.30 and a 52 week high of $254.99. The company has a market cap of $9.60 billion, a P/E ratio of 21.11, a P/E/G ratio of 1.18 and a beta of 1.25. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.95.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the firm posted $2.30 EPS. Brinker International’s revenue was up 5.1% on a year-over-year basis. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Research analysts anticipate that Brinker International, Inc. will post 13.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EAT. Weiss Ratings upgraded Brinker International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Stephens lifted their price target on Brinker International from $220.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. TD Cowen boosted their price objective on Brinker International from $210.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Piper Sandler upped their price objective on shares of Brinker International from $166.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday, August 17th. Finally, Wells Fargo & Company raised their target price on shares of Brinker International from $220.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $243.80.

Institutional Investors Weigh In On Brinker International

Several hedge funds have recently added to or reduced their stakes in EAT. Allworth Financial LP boosted its stake in Brinker International by 58.5% in the third 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. Rezny Wealth Management Inc. grew its holdings in shares of Brinker International by 0.8% during the 4th quarter. Rezny Wealth Management Inc. now owns 11,738 shares of the restaurant operator’s stock valued at $1,685,000 after purchasing an additional 92 shares during the last quarter. New Age Alpha Advisors LLC grew its holdings in shares of Brinker International by 4.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 2,047 shares of the restaurant operator’s stock valued at $294,000 after purchasing an additional 94 shares during the last quarter. Smith Group Asset Management LLC raised its position in Brinker International by 0.5% in the 2nd quarter. Smith Group Asset Management LLC now owns 20,669 shares of the restaurant operator’s stock worth $3,472,000 after purchasing an additional 104 shares during the period. Finally, Aviva PLC raised its position in Brinker International by 2.8% in the 4th quarter. Aviva PLC now owns 4,123 shares of the restaurant operator’s stock worth $592,000 after purchasing an additional 112 shares during the period.

Brinker International Company Profile

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.