George Felix Sells 14,349 Shares of Brinker International (NYSE:EAT) Stock

Brinker International, Inc. (NYSE:EAT) EVP George Felix sold 14,349 shares of Brinker International stock in a transaction on Friday, August 14th. The stock was sold at an average price of $237.47, for a total value of $3,407,457.03. Following the sale, the executive vice president owned 6,293 shares of the company’s stock, valued at approximately $1,494,398.71. This trade represents a 69.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Brinker International Trading Up 2.1%

Shares of EAT traded up $4.96 during trading hours on Monday, reaching $242.11. 924,214 shares of the company traded hands, compared to its average volume of 1,172,871. The firm has a market cap of $10.38 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 1.32 and a beta of 1.23. Brinker International, Inc. has a 12-month low of $100.30 and a 12-month high of $253.71. The company has a current ratio of 0.45, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The stock’s fifty day moving average price is $186.95 and its 200 day moving average price is $160.75.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). Brinker International had a return on equity of 122.35% and a net margin of 8.39%.The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the business earned $2.30 EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Sell-side analysts forecast that Brinker International, Inc. will post 13.19 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Piper Sandler raised their target price on shares of Brinker International from $166.00 to $240.00 and gave the stock a “neutral” rating in a research report on Monday. Citigroup boosted their price target on Brinker International from $227.00 to $282.00 and gave the company a “buy” rating in a report on Thursday. Barclays increased their price objective on Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. UBS Group raised their price objective on Brinker International from $190.00 to $260.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, TD Cowen lifted their target price on Brinker International from $210.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Brinker International currently has an average rating of “Moderate Buy” and a consensus target price of $238.05.

Hedge Funds Weigh In On Brinker International

A number of hedge funds and other institutional investors have recently modified their holdings of EAT. UBS Group AG raised its stake in Brinker International by 103.2% in the fourth quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock worth $427,066,000 after buying an additional 1,511,266 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Brinker International by 667.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock valued at $163,938,000 after acquiring an additional 993,435 shares during the period. Norges Bank purchased a new position in Brinker International in the fourth quarter valued at about $83,603,000. Capital World Investors raised its holdings in Brinker International by 96.5% in the fourth quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock worth $163,306,000 after purchasing an additional 558,799 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new position in Brinker International in the second quarter worth about $91,237,000.

About Brinker International

Brinker International, Inc (NYSE: EAT) is a leading global operator of casual dining restaurants. The company’s portfolio is anchored by its flagship Chili’s® Grill & Bar concept and Maggiano’s® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili’s brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.