10,102 Shares in Brinker International, Inc. $EAT Acquired by Transcendent Capital Group LLC

Key Points

• Transcendent Capital Group LLC acquired 10,102 shares of Brinker International, valued at approximately $1.82 million, in the second quarter.
• Brinker International reported $2.49 EPS for the last quarter, exceeding analysts' estimates, with a revenue increase of 21.0% year-over-year.
• Insiders, including CEO Kevin Hochman, sold a total of 68,325 shares, indicating significant insider selling in recent months.

Transcendent Capital Group LLC purchased a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,102 shares of the restaurant operator's stock, valued at approximately $1,822,000.

Other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in shares of Brinker International by 575.0% during the first quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 161 shares during the period. AdvisorNet Financial Inc acquired a new stake in shares of Brinker International during the second quarter worth approximately $33,000. Continuum Advisory LLC boosted its holdings in shares of Brinker International by 1,714.3% during the first quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock worth $38,000 after purchasing an additional 240 shares during the period. National Bank of Canada FI lifted its stake in 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 acquiring an additional 175 shares during the last quarter. Finally, Ameritas Advisory Services LLC acquired a new stake in Brinker International in the second quarter valued at approximately $49,000.

Insider Buying and Selling

In related news, Director Harriet Edelman sold 8,325 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $157.00, for a total transaction of $1,307,025.00. Following the transaction, the director owned 28,905 shares of the company's stock, valued at approximately $4,538,085. The trade was a 22.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Kevin Hochman sold 44,000 shares of the business's 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 transaction, the chief executive officer directly owned 212,867 shares in the company, valued at $33,594,669.94. This trade represents a 17.13% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,325 shares of company stock valued at $10,754,785. 1.72% of the stock is owned by company insiders.

Brinker International Trading Up 0.3%

Shares of EAT stock opened at $124.86 on Friday. Brinker International, Inc. has a 1 year low of $82.42 and a 1 year high of $192.21. The firm's fifty day simple moving average is $146.91 and its 200 day simple moving average is $154.67. The firm has a market capitalization of $5.55 billion, a P/E ratio of 15.03, a price-to-earnings-growth ratio of 0.83 and a beta of 1.38. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 1.15.

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

Analyst Ratings Changes

A number of research firms have issued reports on EAT. Barclays lifted their target price on shares of Brinker International from $166.00 to $170.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. UBS Group lifted their target price on shares of Brinker International from $155.00 to $165.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. BMO Capital Markets lifted their target price on shares of Brinker International from $150.00 to $170.00 and gave the company a "market perform" rating in a research note on Thursday, August 14th. Evercore ISI upgraded shares of Brinker International from an "in-line" rating to an "outperform" rating and lifted their target price for the company from $190.00 to $210.00 in a research note on Thursday, September 4th. Finally, The Goldman Sachs Group reduced their target price on shares of Brinker International from $207.00 to $180.00 and set a "buy" rating for the company in a research note on Tuesday, September 30th. Nine equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, Brinker International presently has a consensus rating of "Moderate Buy" and an average price target of $171.35.

Brinker International Company 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.

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