Thoroughbred Financial Services LLC Purchases 1,705 Shares of Brinker International, Inc. $EAT

Thoroughbred Financial Services LLC grew its position in shares of Brinker International, Inc. (NYSE:EAT) by 51.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,002 shares of the restaurant operator’s stock after purchasing an additional 1,705 shares during the period. Thoroughbred Financial Services LLC’s holdings in Brinker International were worth $902,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in EAT. Concord Wealth Partners bought a new position in Brinker International in the 2nd quarter worth about $25,000. Allworth Financial LP boosted its stake in shares of Brinker International by 105.8% during the second quarter. Allworth Financial LP now owns 142 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 73 shares during the period. AdvisorNet Financial Inc bought a new position in shares of Brinker International during the second quarter valued at approximately $33,000. National Bank of Canada FI boosted its holdings in shares of Brinker International by 227.3% during the 1st quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator’s stock valued at $38,000 after buying an additional 175 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC grew its position in Brinker International by 52.1% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 219 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 75 shares during the last quarter.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Mizuho started coverage on Brinker International in a research report on Tuesday, October 28th. They set an “outperform” rating and a $155.00 price objective on the stock. Piper Sandler lifted their target price on Brinker International from $155.00 to $168.00 and gave the stock a “neutral” rating in a research report on Thursday, August 14th. Wall Street Zen cut Brinker International from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Bank of America upgraded shares of Brinker International from a “neutral” rating to a “buy” rating and upped their price target for the company from $190.00 to $192.00 in a research note on Monday, October 6th. Finally, Stifel Nicolaus cut their price target on Brinker International from $215.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Brinker International presently has a consensus rating of “Moderate Buy” and a consensus target price of $165.67.

Insider Buying and Selling

In related news, COO Douglas N. Comings sold 16,000 shares of Brinker International stock in a transaction on Tuesday, September 9th. The shares were 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 owned 12,951 shares in the company, valued at approximately $2,026,572.48. The trade was a 55.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Kevin Hochman sold 44,000 shares of the business’s stock in a transaction on Wednesday, August 27th. The shares were 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 of the company’s stock, valued at approximately $33,594,669.94. The trade was a 17.13% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.43% of the stock is owned by company insiders.

Brinker International Stock Up 6.2%

EAT stock opened at $120.20 on Monday. The stock has a market cap of $5.34 billion, a P/E ratio of 12.48, a PEG ratio of 0.77 and a beta of 1.38. The company’s 50 day moving average is $127.79 and its two-hundred day moving average is $149.62. The company has a current ratio of 0.35, a quick ratio of 0.25 and a debt-to-equity ratio of 1.53. Brinker International, Inc. has a twelve month low of $100.30 and a twelve month high of $192.21.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $1.93 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.17. The firm had revenue of $1.35 billion for 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%.Brinker International’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Research analysts expect 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.