Axim Planning & Wealth Takes $205,000 Position in Brinker International, Inc. $EAT

Axim Planning & Wealth purchased a new stake in Brinker International, Inc. (NYSE:EAT) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 1,136 shares of the restaurant operator’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also modified their holdings of EAT. Vontobel Holding Ltd. boosted its holdings in shares of Brinker International by 10.0% in the 1st quarter. Vontobel Holding Ltd. now owns 3,182 shares of the restaurant operator’s stock valued at $474,000 after buying an additional 290 shares during the period. DAVENPORT & Co LLC acquired a new stake in shares of Brinker International during the 1st quarter worth approximately $294,000. Highview Capital Management LLC DE raised its position in shares of Brinker International by 19.0% during the 1st quarter. Highview Capital Management LLC DE now owns 16,128 shares of the restaurant operator’s stock worth $2,404,000 after purchasing an additional 2,571 shares during the period. Brown Advisory Inc. acquired a new stake in shares of Brinker International during the 1st quarter worth approximately $200,000. Finally, Stratos Wealth Partners LTD. raised its position in shares of Brinker International by 14.2% during the 1st quarter. Stratos Wealth Partners LTD. now owns 14,159 shares of the restaurant operator’s stock worth $2,110,000 after purchasing an additional 1,756 shares during the period.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EAT. Wall Street Zen cut Brinker International from a “buy” rating to a “hold” rating in a research report on Saturday. Stifel Nicolaus dropped their price target on Brinker International from $215.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Piper Sandler increased their price target on Brinker International from $155.00 to $168.00 and gave the stock a “neutral” rating in a research report on Thursday, August 14th. Morgan Stanley dropped their price target on Brinker International from $161.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 22nd. Finally, Citigroup dropped their price target on Brinker International from $156.00 to $144.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $165.67.

Brinker International Stock Performance

EAT opened at $104.55 on Wednesday. The firm has a market cap of $4.65 billion, a PE ratio of 10.84, a P/E/G ratio of 0.77 and a beta of 1.38. The company has a quick ratio of 0.25, a current ratio of 0.35 and a debt-to-equity ratio of 1.53. The business has a fifty day simple moving average of $135.63 and a 200-day simple moving average of $152.07. Brinker International, Inc. has a fifty-two week low of $103.41 and a fifty-two week high of $192.21.

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 the consensus estimate of $1.76 by $0.17. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Brinker International had a return on equity of 164.66% and a net margin of 7.94%.The company’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the company posted $0.95 EPS. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, equities analysts predict that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Insider Activity

In other news, Director Harriet Edelman sold 8,325 shares of the business’s stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Douglas N. Comings sold 16,000 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $156.48, for a total value of $2,503,680.00. Following the completion of the sale, the chief operating officer directly owned 12,951 shares of the company’s stock, valued at approximately $2,026,572.48. This trade represents a 55.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 68,325 shares of company stock worth $10,754,785 over the last 90 days. 1.43% of the stock is owned by company insiders.

Brinker International Company 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.