Fox Run Management L.L.C. Acquires 9,176 Shares of Brinker International, Inc. $EAT

Fox Run Management L.L.C. grew its holdings in Brinker International, Inc. (NYSE:EAT) by 167.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,646 shares of the restaurant operator’s stock after buying an additional 9,176 shares during the period. Brinker International accounts for about 0.4% of Fox Run Management L.L.C.’s portfolio, making the stock its 9th biggest holding. Fox Run Management L.L.C.’s holdings in Brinker International were worth $2,641,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Concord Wealth Partners acquired a new position in shares of Brinker International during the 2nd quarter worth approximately $25,000. AdvisorNet Financial Inc acquired a new stake in Brinker International during the 2nd quarter valued at $33,000. GPS Wealth Strategies Group LLC boosted its position in Brinker International by 52.1% during the second quarter. GPS Wealth Strategies Group LLC now owns 219 shares of the restaurant operator’s stock worth $39,000 after purchasing an additional 75 shares during the period. National Bank of Canada FI increased its holdings in shares of Brinker International by 227.3% in 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. Finally, Ameritas Advisory Services LLC bought a new position in shares of Brinker International in the second quarter valued at about $49,000.

Brinker International Stock Performance

Shares of NYSE:EAT opened at $102.54 on Friday. Brinker International, Inc. has a 12-month low of $100.30 and a 12-month high of $192.21. The company’s 50 day moving average price is $132.44 and its two-hundred day moving average price is $151.06. The firm has a market cap of $4.56 billion, a PE ratio of 10.64, a PEG 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.

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

Insider Buying and Selling at Brinker International

In other news, COO Douglas N. Comings sold 16,000 shares of the company’s stock in a transaction on 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 directly owned 12,951 shares in the company, valued at approximately $2,026,572.48. This represents a 55.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Harriet Edelman sold 8,325 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $157.00, for a total value of $1,307,025.00. Following the sale, the director directly owned 28,905 shares in the company, valued at approximately $4,538,085. This trade represents a 22.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 68,325 shares of company stock valued at $10,754,785 in the last three months. Corporate insiders own 1.43% of the company’s stock.

Analyst Ratings Changes

EAT has been the subject of several research analyst reports. Bank of America raised shares of Brinker International from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $190.00 to $192.00 in a report on Monday, October 6th. Morgan Stanley lowered their price target on shares of Brinker International from $161.00 to $160.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 22nd. Jefferies Financial Group reduced their price objective on Brinker International from $175.00 to $144.00 and set a “hold” rating for the company in a report on Monday, October 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Brinker International in a research report on Thursday, October 30th. Finally, Piper Sandler increased their target price on Brinker International from $155.00 to $168.00 and gave the stock a “neutral” rating in a research note on Thursday, August 14th. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, Brinker International has a consensus rating of “Moderate Buy” and an average target price of $165.67.

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.