Brinker International, Inc. $EAT Shares Sold by Beacon Harbor Wealth Advisors Inc.

Beacon Harbor Wealth Advisors Inc. cut its position in Brinker International, Inc. (NYSE:EAT) by 12.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 39,198 shares of the restaurant operator’s stock after selling 5,416 shares during the quarter. Brinker International makes up 1.8% of Beacon Harbor Wealth Advisors Inc.’s investment portfolio, making the stock its 20th biggest holding. Beacon Harbor Wealth Advisors Inc. owned about 0.09% of Brinker International worth $7,069,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its holdings in shares of Brinker International by 1.3% in the second quarter. Geode Capital Management LLC now owns 1,071,523 shares of the restaurant operator’s stock valued at $193,619,000 after acquiring an additional 14,033 shares during the period. Westfield Capital Management Co. LP raised its position in Brinker International by 102.0% in the 1st quarter. Westfield Capital Management Co. LP now owns 995,713 shares of the restaurant operator’s stock valued at $148,411,000 after purchasing an additional 502,897 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Brinker International by 5.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 967,550 shares of the restaurant operator’s stock worth $144,201,000 after purchasing an additional 46,896 shares during the period. Fuller & Thaler Asset Management Inc. grew its position in Brinker International by 28.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 600,134 shares of the restaurant operator’s stock worth $89,450,000 after purchasing an additional 132,000 shares during the last quarter. Finally, Hennessy Advisors Inc. increased its stake in Brinker International by 2.4% in the second quarter. Hennessy Advisors Inc. now owns 577,600 shares of the restaurant operator’s stock valued at $104,159,000 after purchasing an additional 13,700 shares during the period.

Brinker International Stock Down 3.5%

Brinker International stock opened at $113.10 on Friday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.25 and a current ratio of 0.35. The firm has a market capitalization of $5.03 billion, a price-to-earnings ratio of 11.73, a price-to-earnings-growth ratio of 0.77 and a beta of 1.38. Brinker International, Inc. has a fifty-two week low of $100.30 and a fifty-two week high of $192.21. The stock’s fifty day moving average is $127.79 and its two-hundred day moving average is $149.42.

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup lowered their price target on Brinker International from $156.00 to $144.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. UBS Group lowered their target price on Brinker International from $165.00 to $144.00 and set a “neutral” rating on the stock in a research note on Monday, October 27th. Jefferies Financial Group cut their price target on Brinker International from $175.00 to $144.00 and set a “hold” rating for the company in a research note on Monday, October 13th. Mizuho began coverage on Brinker International in a report on Tuesday, October 28th. They set an “outperform” rating and a $155.00 price target for the company. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Brinker International in a research note on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Brinker International has an average rating of “Moderate Buy” and a consensus target price of $165.67.

Insider Activity at Brinker International

In other Brinker International news, CEO Kevin Hochman sold 44,000 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $157.82, for a total transaction of $6,944,080.00. Following the sale, the chief executive officer owned 212,867 shares in the company, valued at approximately $33,594,669.94. This represents a 17.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction, the chief operating officer directly owned 12,951 shares of the company’s stock, valued at $2,026,572.48. The trade was a 55.27% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.43% of the stock is owned by corporate insiders.

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.