UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Holdings in Brinker International, Inc. $EAT

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Brinker International, Inc. (NYSE:EAT) by 4.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,413 shares of the restaurant operator’s stock after selling 4,806 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of Brinker International worth $16,365,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. NewEdge Advisors LLC grew its position in Brinker International by 1,118.9% during the 1st quarter. NewEdge Advisors LLC now owns 1,158 shares of the restaurant operator’s stock worth $173,000 after acquiring an additional 1,063 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Brinker International by 271.1% in the second quarter. EverSource Wealth Advisors LLC now owns 846 shares of the restaurant operator’s stock valued at $153,000 after purchasing an additional 618 shares during the last quarter. First Trust Advisors LP lifted its position in Brinker International by 1.9% in the second quarter. First Trust Advisors LP now owns 52,249 shares of the restaurant operator’s stock valued at $9,422,000 after purchasing an additional 978 shares during the last quarter. Baird Financial Group Inc. purchased a new stake in shares of Brinker International during the second quarter valued at approximately $3,222,000. Finally, Brown Advisory Inc. boosted its stake in shares of Brinker International by 33.0% during the second quarter. Brown Advisory Inc. now owns 1,789 shares of the restaurant operator’s stock valued at $323,000 after purchasing an additional 444 shares during the period.

Insider Buying and Selling

In other Brinker International news, Director Joseph DePinto sold 25,000 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $230.39, for a total value of $5,759,750.00. Following the sale, the director owned 77,812 shares in the company, valued at approximately $17,927,106.68. This represents a 24.32% 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 this link. Also, EVP George S. Felix sold 14,349 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $237.47, for a total transaction of $3,407,457.03. Following the transaction, the executive vice president directly owned 6,293 shares of the company’s stock, valued at $1,494,398.71. This represents a 69.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 173,044 shares of company stock worth $41,425,632 over the last 90 days. Corporate insiders own 1.43% of the company’s stock.

Brinker International Trading Up 0.4%

NYSE EAT opened at $229.88 on Friday. 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, Inc. has a twelve month low of $100.30 and a twelve month high of $254.99. The firm has a market capitalization of $9.60 billion, a PE ratio of 21.11, a P/E/G ratio of 1.19 and a beta of 1.25. The stock’s 50 day moving average is $209.85 and its 200 day moving average is $168.53.

Brinker International (NYSE:EAT) last posted its quarterly earnings data 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 last year, the company posted $2.30 EPS. Brinker International’s revenue for the quarter was up 5.1% compared to the same quarter last year. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Research analysts forecast that Brinker International, Inc. will post 13.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on EAT. Stephens upped their price target on shares of Brinker International from $220.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. Northcoast Research cut shares of Brinker International from a “buy” rating to a “neutral” rating in a research report on Friday, August 14th. TD Cowen upped their price objective on shares of Brinker International from $210.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Robert W. Baird started coverage on shares of Brinker International in a report on Monday, August 24th. They set an “outperform” rating and a $325.00 target price for the company. Finally, Wells Fargo & Company raised their target price on Brinker International from $220.00 to $280.00 and gave the stock 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 given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $243.80.

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.