Ieq Capital LLC Purchases New Holdings in Brinker International, Inc. $EAT

Ieq Capital LLC acquired 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 Securities and Exchange Commission. The firm acquired 19,037 shares of the restaurant operator’s stock, valued at approximately $3,198,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Transamerica Financial Advisors LLC boosted its stake in shares of Brinker International by 570.4% during the 4th quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 154 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Brinker International in the third quarter worth $25,000. Kilter Group LLC bought a new stake in shares of Brinker International in the second quarter worth $35,000. Allworth Financial LP raised its holdings in Brinker International by 58.5% in the third quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 83 shares in the last quarter. Finally, CoreCap Advisors LLC raised its holdings in Brinker International by 33,000.0% in the second quarter. CoreCap Advisors LLC now owns 331 shares of the restaurant operator’s stock valued at $56,000 after acquiring an additional 330 shares in the last quarter.

Insider Transactions at Brinker International

In other Brinker International news, SVP James M. Butler sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $240.37, for a total value of $2,403,700.00. Following the sale, the senior vice president owned 9,064 shares in the company, valued at approximately $2,178,713.68. This trade represents a 52.45% 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, SVP Daniel S. Fuller sold 9,960 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $243.43, for a total transaction of $2,424,562.80. Following the completion of the sale, the senior vice president owned 32,086 shares in the company, valued at $7,810,694.98. The trade was a 23.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 143,105 shares of company stock worth $34,474,429 over the last 90 days. Corporate insiders own 1.43% of the company’s stock.

Brinker International Price Performance

Shares of EAT opened at $253.87 on Tuesday. The company has a market cap of $10.60 billion, a P/E ratio of 23.31, a PEG ratio of 1.27 and a beta of 1.23. The stock has a fifty day moving average price of $197.46 and a 200 day moving average price of $164.16. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.45 and a quick ratio of 0.40. Brinker International, Inc. has a 12 month low of $100.30 and a 12 month high of $254.94.

Brinker International (NYSE:EAT) last posted 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). The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.30 earnings per share. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. On average, research analysts forecast that Brinker International, Inc. will post 13.24 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have commented on EAT. Barclays increased their price objective on shares of Brinker International from $170.00 to $175.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. KeyCorp upped their target price on shares of Brinker International from $204.00 to $275.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Bank of America increased their price target on shares of Brinker International from $224.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Robert W. Baird assumed coverage on Brinker International in a research note on Monday. They issued an “outperform” rating and a $325.00 price target for the company. Finally, Stephens upped their price objective on Brinker International from $220.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $242.19.

Brinker International 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.