Sunpointe LLC Purchases New Shares in Brinker International, Inc. $EAT

Key Points

• Sunpointe LLC has acquired a new stake in Brinker International, Inc., purchasing 2,269 shares valued at approximately $409,000 during Q2.
• Brinker International reported a Q2 earnings per share (EPS) of $2.49, beating estimates of $2.47, with revenue rising by 21% year-over-year to $1.46 billion.
• Insiders, including COO and CEO, have recently sold a significant amount of shares, with total insider sales reaching $10.75 million in the last 90 days.

Sunpointe LLC acquired a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,269 shares of the restaurant operator's stock, valued at approximately $409,000.

Several other large investors also recently added to or reduced their stakes in EAT. Farther Finance Advisors LLC boosted its position in Brinker International by 575.0% in the 1st 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 period. Financial Management Professionals Inc. purchased a new stake in shares of Brinker International in the 1st quarter worth approximately $30,000. Continuum Advisory LLC lifted its position in shares of Brinker International by 1,714.3% in the 1st 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 position in shares of Brinker International by 227.3% in the 1st quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator's stock worth $38,000 after purchasing an additional 175 shares during the period. Finally, Virtus Advisers LLC purchased a new stake in shares of Brinker International in the 1st quarter worth approximately $54,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Evercore ISI raised shares of Brinker International from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $190.00 to $210.00 in a research report on Thursday, September 4th. JPMorgan Chase & Co. upped their price target on shares of Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Stifel Nicolaus upped their price target on shares of Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Barclays upped their price target on shares of Brinker International from $166.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Finally, Morgan Stanley upped their price target on shares of Brinker International from $149.00 to $161.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Five equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $172.59.

Brinker International Stock Performance

Shares of NYSE:EAT traded down $2.83 during midday trading on Friday, reaching $136.04. The company's stock had a trading volume of 2,374,566 shares, compared to its average volume of 1,178,672. The firm has a market capitalization of $6.05 billion, a PE ratio of 16.37, a P/E/G ratio of 0.87 and a beta of 1.43. Brinker International, Inc. has a twelve month low of $74.73 and a twelve month high of $192.21. The stock has a fifty day moving average of $156.23 and a 200 day moving average of $156.16. The company has a quick ratio of 0.25, a current ratio of 0.31 and a debt-to-equity ratio of 1.15.

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

Insider Transactions at Brinker International

In other news, COO Douglas N. Comings sold 16,000 shares of the 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 sale, the chief operating officer owned 12,951 shares in the company, valued at $2,026,572.48. This represents a 55.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Harriet Edelman sold 8,325 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $157.00, for a total transaction of $1,307,025.00. Following the completion of the sale, the director owned 28,905 shares in the company, valued at $4,538,085. The trade was a 22.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 68,325 shares of company stock worth $10,754,785 over the last 90 days. 1.72% of the stock is currently owned by company insiders.

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.