Brinker International, Inc. $EAT Shares Bought by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lifted its stake in Brinker International, Inc. (NYSE:EAT) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,043 shares of the restaurant operator’s stock after acquiring an additional 85 shares during the period. Maryland State Retirement & Pension System’s holdings in Brinker International were worth $2,352,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in EAT. Farther Finance Advisors LLC grew its position in Brinker International by 575.0% in the first quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator’s stock worth $29,000 after acquiring an additional 161 shares in the last quarter. AdvisorNet Financial Inc bought a new stake in Brinker International in the second quarter worth approximately $33,000. Continuum Advisory LLC grew its position in Brinker International by 1,714.3% in the first quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 240 shares in the last quarter. National Bank of Canada FI grew its position in Brinker International by 227.3% in the first quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 175 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in Brinker International in the second quarter worth approximately $49,000.

Wall Street Analysts Forecast Growth

EAT has been the subject of several recent analyst reports. Evercore ISI raised shares of Brinker International from an “in-line” rating to an “outperform” rating and upped their price objective for the stock from $190.00 to $210.00 in a report on Thursday, September 4th. Stifel Nicolaus upped their price objective on shares of Brinker International from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Barclays upped their price objective on shares of Brinker International from $166.00 to $170.00 and gave the stock an “equal weight” rating in a report on Thursday, August 14th. Morgan Stanley upped their price objective on shares of Brinker International from $149.00 to $161.00 and gave the stock an “equal weight” rating in a report on Thursday, August 14th. Finally, Wall Street Zen downgraded shares of Brinker International from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 16th. Nine analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Brinker International currently has an average rating of “Moderate Buy” and a consensus target price of $171.35.

Insiders Place Their Bets

In other news, CEO Kevin Hochman sold 44,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $157.82, for a total value of $6,944,080.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harriet Edelman sold 8,325 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $157.00, for a total transaction of $1,307,025.00. Following the completion of the sale, the director directly owned 28,905 shares in the company, valued at approximately $4,538,085. This represents a 22.36% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,325 shares of company stock worth $10,754,785. Company insiders own 1.72% of the company’s stock.

Brinker International Trading Up 0.3%

EAT opened at $124.86 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $5.55 billion, a PE ratio of 15.03, a PEG ratio of 0.82 and a beta of 1.38. Brinker International, Inc. has a 1-year low of $82.42 and a 1-year high of $192.21. The firm has a 50-day moving average price of $146.91 and a two-hundred day moving average price of $154.67.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.02. Brinker International had a net margin of 7.12% and a return on equity of 211.86%. The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the firm earned $1.61 earnings per share. The business’s revenue for the quarter was up 21.0% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, equities analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

About Brinker International

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.