Vontobel Holding Ltd. Grows Position in Brinker International, Inc. $EAT

Vontobel Holding Ltd. increased its position in Brinker International, Inc. (NYSE:EAT) by 64.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,217 shares of the restaurant operator’s stock after purchasing an additional 2,035 shares during the quarter. Vontobel Holding Ltd.’s holdings in Brinker International were worth $941,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Maryland State Retirement & Pension System raised its stake 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 buying an additional 85 shares during the last quarter. Rezny Wealth Management Inc. raised its stake in Brinker International by 0.9% during the second quarter. Rezny Wealth Management Inc. now owns 11,581 shares of the restaurant operator’s stock valued at $2,088,000 after buying an additional 106 shares during the last quarter. Mackenzie Financial Corp raised 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 buying an additional 119 shares during the last quarter. Range Financial Group LLC raised its stake in Brinker International by 2.2% during the second quarter. Range Financial Group LLC now owns 7,103 shares of the restaurant operator’s stock valued at $1,281,000 after buying an additional 151 shares during the last quarter. Finally, Farther Finance Advisors LLC raised 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 buying an additional 161 shares during the last quarter.

Insider Buying and Selling

In other Brinker International news, COO Douglas N. Comings sold 16,000 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was 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 owned 12,951 shares of the company’s stock, valued at approximately $2,026,572.48. The trade was a 55.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kevin Hochman sold 44,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer directly owned 212,867 shares of the company’s stock, valued at $33,594,669.94. This represents a 17.13% decrease in their position. The disclosure for this sale can be found here. Insiders sold 68,325 shares of company stock valued at $10,754,785 over the last 90 days. Company insiders own 1.72% of the company’s stock.

Brinker International Stock Performance

Shares of EAT opened at $124.86 on Monday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.31 and a quick ratio of 0.25. Brinker International, Inc. has a one year low of $82.42 and a one year high of $192.21. The firm has a market capitalization of $5.55 billion, a P/E ratio of 15.03, a PEG ratio of 0.82 and a beta of 1.38. The business has a fifty day moving average of $146.91 and a 200 day moving average of $154.67.

Brinker International (NYSE:EAT) last issued its quarterly earnings data 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 return on equity of 211.86% and a net margin of 7.12%.The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. Brinker International’s revenue was up 21.0% compared to the same quarter last year. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, sell-side analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current year.

Wall Street Analyst Weigh In

EAT has been the subject of a number of recent research reports. Piper Sandler lifted their price objective on Brinker International from $155.00 to $168.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. Stifel Nicolaus lifted their price objective on Brinker International from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Evercore ISI upgraded Brinker International from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $190.00 to $210.00 in a research note on Thursday, September 4th. Morgan Stanley lifted their target price on Brinker International from $149.00 to $161.00 and gave the stock an “equal weight” rating in a report on Thursday, August 14th. Finally, BMO Capital Markets lifted their target price on Brinker International from $150.00 to $170.00 and gave the stock a “market perform” rating in a report on Thursday, August 14th. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $171.35.

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.