Townsquare Capital LLC Purchases Shares of 1,705 Brinker International, Inc. $EAT

Key Points

• Townsquare Capital LLC acquired 1,705 shares of Brinker International, valued at approximately $254,000, marking a new position in the company.
• Brinker International reported earnings of $2.49 per share, exceeding analysts' expectations, with revenue rising 21.0% year-over-year.
• Wells Fargo and other analysts have raised their price targets for Brinker International, with the average target now at $171.41, reflecting a general hold rating from analysts.

Townsquare Capital LLC acquired a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,705 shares of the restaurant operator's stock, valued at approximately $254,000.

A number of other large investors also recently modified their holdings of EAT. Farther Finance Advisors LLC grew 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 valued at $29,000 after buying an additional 161 shares during the last quarter. Coppell Advisory Solutions LLC bought a new position in shares of Brinker International in the fourth quarter valued at approximately $26,000. Financial Management Professionals Inc. bought a new position in Brinker International in the 1st quarter valued at $30,000. National Bank of Canada FI grew its position in Brinker International by 227.3% during the first 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 during the period. Finally, Continuum Advisory LLC grew its position in shares of Brinker International by 1,714.3% during the 1st quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock valued at $38,000 after acquiring an additional 240 shares during the period.

Brinker International Stock Down 1.3%

Shares of NYSE:EAT traded down $1.9220 on Friday, hitting $150.2580. 1,155,786 shares of the company traded hands, compared to its average volume of 1,383,280. The company has a quick ratio of 0.23, a current ratio of 0.31 and a debt-to-equity ratio of 1.15. The company has a market cap of $6.69 billion, a PE ratio of 18.08, a PEG ratio of 0.96 and a beta of 1.68. Brinker International, Inc. has a 52 week low of $68.45 and a 52 week high of $192.21. The stock has a 50 day simple moving average of $165.92 and a 200-day simple moving average of $157.33.

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

Insider Activity

In other news, Director Joseph Michael Depinto sold 10,000 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $170.36, for a total value of $1,703,600.00. Following the transaction, the director directly owned 99,297 shares in the company, valued at $16,916,236.92. This trade represents a 9.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Harriet Edelman sold 8,325 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $157.00, for a total value of $1,307,025.00. Following the sale, the director owned 28,905 shares of the company's stock, valued at approximately $4,538,085. This represents a 22.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.72% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. BMO Capital Markets lifted their price objective on Brinker International from $150.00 to $170.00 and gave the stock a "market perform" rating in a report on Thursday, August 14th. Barclays increased their price objective on Brinker International from $166.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Evercore ISI lifted their target price on shares of Brinker International from $180.00 to $190.00 and gave the company an "in-line" rating in a research report on Thursday, August 14th. UBS Group upped their price objective on Brinker International from $155.00 to $165.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Finally, Bank of America upped their price objective on shares of Brinker International from $186.00 to $190.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Four analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, Brinker International has an average rating of "Hold" and an average target price of $171.41.

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.