Brinker International, Inc. $EAT Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. lowered its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 46.6% during the second quarter, HoldingsChannel.com reports. The firm owned 13,711 shares of the restaurant operator’s stock after selling 11,973 shares during the period. Edgestream Partners L.P.’s holdings in Brinker International were worth $2,473,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in EAT. Allworth Financial LP raised its stake in shares of Brinker International by 105.8% during the 2nd quarter. Allworth Financial LP now owns 142 shares of the restaurant operator’s stock worth $26,000 after buying an additional 73 shares during the period. GPS Wealth Strategies Group LLC increased its holdings in Brinker International by 52.1% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 219 shares of the restaurant operator’s stock worth $39,000 after acquiring an additional 75 shares in the last quarter. Sequoia Financial Advisors LLC raised its position in Brinker International by 5.9% during the second quarter. Sequoia Financial Advisors LLC now owns 1,462 shares of the restaurant operator’s stock worth $264,000 after acquiring an additional 81 shares during the period. Maryland State Retirement & Pension System lifted its holdings in Brinker International by 0.7% during the second quarter. Maryland State Retirement & Pension System now owns 13,043 shares of the restaurant operator’s stock valued at $2,352,000 after purchasing an additional 85 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in Brinker International by 0.7% during the second quarter. Yousif Capital Management LLC now owns 12,097 shares of the restaurant operator’s stock valued at $2,181,000 after purchasing an additional 85 shares in the last quarter.

Insider Activity

In related news, COO Douglas N. Comings sold 16,000 shares of the firm’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $156.48, for a total transaction of $2,503,680.00. Following the completion of the sale, the chief operating officer directly owned 12,951 shares in the company, valued at approximately $2,026,572.48. This trade represents a 55.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.43% of the company’s stock.

Brinker International Price Performance

EAT stock opened at $142.26 on Friday. Brinker International, Inc. has a 1 year low of $100.30 and a 1 year high of $192.21. The firm has a market capitalization of $6.32 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.35 and a quick ratio of 0.29. The business has a 50 day simple moving average of $126.27 and a 200-day simple moving average of $149.48.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.17. Brinker International had a return on equity of 164.66% and a net margin of 7.94%.The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Equities research analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

EAT has been the subject of a number of research reports. Jefferies Financial Group cut their target price on shares of Brinker International from $175.00 to $144.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Bank of America upgraded Brinker International from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $190.00 to $192.00 in a research note on Monday, October 6th. Evercore ISI upgraded Brinker International from an “in-line” rating to an “outperform” rating and raised their target price for the company from $190.00 to $210.00 in a research report on Thursday, September 4th. BMO Capital Markets lifted their price target on Brinker International from $150.00 to $170.00 and gave the stock a “market perform” rating in a research note on Thursday, August 14th. Finally, Stifel Nicolaus reduced their price objective on Brinker International from $215.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $167.44.

Brinker International Profile

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.