The Manufacturers Life Insurance Company Makes New Investment in Brinker International, Inc. $EAT

The Manufacturers Life Insurance Company acquired a new position in shares of Brinker International, Inc. (NYSE:EAT) during the 2nd quarter, Holdings Channel reports. The fund acquired 21,550 shares of the restaurant operator’s stock, valued at approximately $3,620,000.

A number of other institutional investors have also recently bought and sold shares of EAT. Caitong International Asset Management Co. Ltd acquired a new stake in Brinker International in the third quarter worth $25,000. Transamerica Financial Advisors LLC grew its holdings in shares of Brinker International by 570.4% in 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 period. Allworth Financial LP grew its holdings in shares of Brinker International by 58.5% in the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 83 shares during the period. Kilter Group LLC bought a new stake in shares of Brinker International in the 2nd quarter valued at $35,000. Finally, Global Retirement Partners LLC increased its position in shares of Brinker International by 1,233.3% in the 4th quarter. Global Retirement Partners LLC now owns 360 shares of the restaurant operator’s stock valued at $52,000 after buying an additional 333 shares in the last quarter.

Insider Buying and Selling at Brinker International

In other Brinker International news, CEO Kevin Hochman sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $243.15, for a total value of $9,726,000.00. Following the completion of the transaction, the chief executive officer directly owned 144,090 shares in the company, valued at $35,035,483.50. This trade represents a 21.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph Michael Depinto sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $230.39, for a total value of $5,759,750.00. Following the transaction, the director directly owned 77,812 shares in the company, valued at $17,927,106.68. This trade represents a 24.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 170,014 shares of company stock valued at $40,718,187 in the last ninety days. Insiders own 1.43% of the company’s stock.

Brinker International Stock Up 2.5%

Brinker International stock opened at $234.32 on Wednesday. The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 0.95. Brinker International, Inc. has a 1-year low of $100.30 and a 1-year high of $254.99. The company has a fifty day simple moving average of $206.36 and a 200 day simple moving average of $167.14. The company has a market cap of $9.79 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 1.18 and a beta of 1.23.

Brinker International (NYSE:EAT) last issued its quarterly earnings results 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 return on equity of 122.35% and a net margin of 8.39%.The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period last year, the firm earned $2.30 earnings per share. The company’s quarterly revenue 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 anticipate that Brinker International, Inc. will post 13.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. TD Cowen lifted their target price on Brinker International from $210.00 to $270.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Northcoast Research downgraded Brinker International from a “buy” rating to a “neutral” rating in a report on Friday, August 14th. BMO Capital Markets lifted their price objective on Brinker International from $175.00 to $230.00 and gave the company a “market perform” rating in a report on Thursday, August 13th. Robert W. Baird assumed coverage on Brinker International in a report on Monday, August 24th. They set an “outperform” rating and a $325.00 price objective on the stock. Finally, DA Davidson boosted their price objective on Brinker International from $160.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Seventeen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $242.19.

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.