10,000 Shares in Brinker International, Inc. $EAT Acquired by FNY Investment Advisers LLC

Key Points

• FNY Investment Advisers LLC acquired 10,000 shares of Brinker International, Inc. valued at approximately $1.8 million, reflecting a growing interest from institutional investors in the company's stock.
• Brinker International reported a quarterly EPS of $2.49, surpassing analysts' expectations, with revenues increasing by 21% year-over-year to $1.46 billion.
• Insider transactions included COO Douglas N. Comings selling 16,000 shares and Director Harriet Edelman selling 8,325 shares, indicating significant selling activity among company executives.

FNY Investment Advisers LLC bought a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,000 shares of the restaurant operator's stock, valued at approximately $1,803,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Aurora Investment Counsel bought a new position in shares of Brinker International in the 2nd quarter worth $1,256,000. LMG Wealth Partners LLC grew its stake in Brinker International by 9.2% in the second quarter. LMG Wealth Partners LLC now owns 3,888 shares of the restaurant operator's stock valued at $701,000 after purchasing an additional 328 shares during the last quarter. Balboa Wealth Partners bought a new position in Brinker International in the second quarter worth about $230,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Brinker International during the second quarter valued at about $2,591,000. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of Brinker International by 50.7% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 21,334 shares of the restaurant operator's stock valued at $3,847,000 after buying an additional 7,175 shares in the last quarter.

Brinker International Stock Up 2.8%

Shares of EAT stock opened at $133.39 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.25 and a current ratio of 0.31. Brinker International, Inc. has a fifty-two week low of $91.70 and a fifty-two week high of $192.21. The firm has a market capitalization of $5.93 billion, a PE ratio of 16.05, a P/E/G ratio of 0.86 and a beta of 1.38. The stock's 50-day simple moving average is $143.12 and its 200-day simple moving average is $153.83.

Brinker International (NYSE:EAT - Get Free Report) last issued its earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $0.02. Brinker International had a return on equity of 211.86% and a net margin of 7.12%.The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the firm earned $1.61 earnings per share. Brinker International's revenue for the quarter was up 21.0% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Equities analysts expect that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Douglas N. Comings sold 16,000 shares of the business's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $156.48, for a total transaction of $2,503,680.00. Following the completion of the transaction, the chief operating officer directly owned 12,951 shares in the company, valued at $2,026,572.48. The trade was a 55.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Harriet Edelman sold 8,325 shares of the stock in a transaction dated 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 $4,538,085. This represents a 22.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 68,325 shares of company stock valued at $10,754,785 over the last 90 days. Insiders own 1.43% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on EAT shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Brinker International in a research note on Wednesday, October 8th. Morgan Stanley upped their price target on Brinker International from $149.00 to $161.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Jefferies Financial Group lowered their price objective on Brinker International from $175.00 to $144.00 and set a "hold" rating for the company in a research report on Monday, October 13th. Wall Street Zen downgraded Brinker International from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Finally, Piper Sandler increased their price target on Brinker International from $155.00 to $168.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Nine equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, Brinker International has an average rating of "Moderate Buy" and a consensus target price of $169.06.

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.

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