Invst LLC Purchases Shares of 3,627 Brinker International, Inc. $EAT

Key Points

• Invst LLC purchased 3,627 shares of Brinker International, Inc. (NYSE:EAT) valued at approximately $541,000, marking its entry into the company's stock in the 1st quarter.
• Several institutional investors increased their stakes in Brinker International, with Westfield Capital Management Co. LP boosting its ownership by 102.0% to reach 995,713 shares.
• Brinker International reported $2.49 earnings per share for the last quarter, exceeding analysts' expectations, and set its FY 2026 guidance at 9.900-10.50 EPS.

Invst LLC purchased a new position in Brinker International, Inc. (NYSE:EAT - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,627 shares of the restaurant operator's stock, valued at approximately $541,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Westfield Capital Management Co. LP increased its position in shares of Brinker International by 102.0% during the first quarter. Westfield Capital Management Co. LP now owns 995,713 shares of the restaurant operator's stock worth $148,411,000 after purchasing an additional 502,897 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Brinker International by 5.1% in the first quarter. Dimensional Fund Advisors LP now owns 967,550 shares of the restaurant operator's stock worth $144,201,000 after buying an additional 46,896 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Brinker International by 28.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 600,134 shares of the restaurant operator's stock worth $89,450,000 after acquiring an additional 132,000 shares during the last quarter. Invesco Ltd. raised its holdings in Brinker International by 4.3% in the 1st quarter. Invesco Ltd. now owns 510,993 shares of the restaurant operator's stock valued at $76,164,000 after acquiring an additional 21,270 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new position in Brinker International in the 1st quarter worth approximately $76,114,000.

Analysts Set New Price Targets

EAT has been the subject of a number of analyst reports. Stifel Nicolaus upped their price target on Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Wall Street Zen lowered Brinker International from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Barclays raised their target price on Brinker International from $166.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Morgan Stanley raised their target price on Brinker International from $149.00 to $161.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Finally, Wells Fargo & Company lifted their price target on Brinker International from $150.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat.com, Brinker International has a consensus rating of "Hold" and a consensus price target of $172.59.

Brinker International Trading Down 3.6%

Shares of NYSE:EAT traded down $5.27 during mid-day trading on Thursday, reaching $139.10. 771,654 shares of the company were exchanged, compared to its average volume of 1,458,743. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 16.74, a P/E/G ratio of 0.92 and a beta of 1.43. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.31 and a quick ratio of 0.25. Brinker International, Inc. has a 1 year low of $74.73 and a 1 year high of $192.21. The firm's 50-day simple moving average is $157.37 and its 200 day simple moving average is $156.36.

Brinker International (NYSE:EAT - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, topping the consensus estimate of $2.47 by $0.02. Brinker International had a return on equity of 211.86% and a net margin of 7.12%.The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the business posted $1.61 earnings per share. The company's quarterly revenue 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 research analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current year.

Insider Buying and Selling at Brinker International

In other Brinker International news, COO Douglas N. Comings sold 16,000 shares of Brinker International stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $156.48, for a total value of $2,503,680.00. Following the completion of the transaction, the chief operating officer directly owned 12,951 shares of the company's stock, valued at $2,026,572.48. The trade was a 55.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Harriet Edelman sold 8,325 shares of Brinker International stock in a transaction that occurred 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 completion of the transaction, the director owned 28,905 shares of the company's stock, valued at $4,538,085. This trade represents a 22.36% decrease in their position. 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 in the last three months. 1.72% of the stock is owned by corporate 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.