Brinker International, Inc. $EAT Shares Acquired by Graham Capital Management L.P.

Graham Capital Management L.P. boosted its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 93.6% in the 1st quarter, Holdings Channel reports. The firm owned 45,011 shares of the restaurant operator’s stock after buying an additional 21,759 shares during the period. Graham Capital Management L.P.’s holdings in Brinker International were worth $6,709,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Mackenzie Financial Corp lifted its stake in Brinker International by 4.2% during the first quarter. Mackenzie Financial Corp now owns 2,933 shares of the restaurant operator’s stock valued at $437,000 after purchasing an additional 119 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Brinker International by 575.0% during the first quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 161 shares during the last quarter. National Bank of Canada FI lifted its stake in Brinker International by 227.3% during the first quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 175 shares during the last quarter. Evergreen Capital Management LLC lifted its stake in Brinker International by 5.7% during the first quarter. Evergreen Capital Management LLC now owns 3,615 shares of the restaurant operator’s stock valued at $539,000 after purchasing an additional 194 shares during the last quarter. Finally, Financial Management Professionals Inc. acquired a new stake in Brinker International during the first quarter valued at approximately $30,000.

Insider Transactions at Brinker International

In other news, CEO Kevin Hochman sold 44,000 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $157.82, for a total transaction of $6,944,080.00. Following the transaction, the chief executive officer owned 212,867 shares in the company, valued at $33,594,669.94. This represents a 17.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Harriet Edelman sold 8,325 shares of the firm’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $157.00, for a total transaction of $1,307,025.00. Following the completion of the transaction, the director owned 28,905 shares in the company, valued at $4,538,085. The trade was a 22.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 62,325 shares of company stock worth $9,954,705 in the last 90 days. 1.72% of the stock is owned by insiders.

Brinker International Stock Up 0.2%

Brinker International stock opened at $155.89 on Friday. The firm has a market cap of $6.94 billion, a PE ratio of 18.76, a P/E/G ratio of 0.99 and a beta of 1.68. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.25 and a current ratio of 0.31. The firm’s 50 day moving average price is $163.64 and its two-hundred day moving average price is $156.65. Brinker International, Inc. has a twelve month low of $68.45 and a twelve month high of $192.21.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, topping the consensus estimate of $2.47 by $0.02. Brinker International had a net margin of 7.12% and a return on equity of 211.86%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the business posted $1.61 EPS. Brinker International’s quarterly revenue was up 21.0% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. On average, research analysts predict that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on EAT. Wells Fargo & Company increased their target price on shares of Brinker International from $150.00 to $165.00 and gave the company an “equal weight” rating in a research note on Thursday, July 17th. Evercore ISI upped their price target on shares of Brinker International from $180.00 to $190.00 and gave the company an “in-line” rating in a research report on Thursday, August 14th. Bank of America upped their price target on shares of Brinker International from $186.00 to $190.00 and gave the company a “neutral” rating in a research report on Thursday, August 14th. Barclays upped their price target on shares of Brinker International from $166.00 to $170.00 and gave the company an “equal weight” rating in a research report on Thursday, August 14th. Finally, JPMorgan Chase & Co. upped their price target on shares of Brinker International from $160.00 to $180.00 and gave the company a “neutral” rating in a research report on Wednesday, June 25th. Four equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $171.41.

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.