4,302 Shares in Brinker International, Inc. $EAT Purchased by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC acquired a new stake in Brinker International, purchasing 4,302 shares valued at approximately $776,000.
• Several large investors, including Westfield Capital Management and Dimensional Fund Advisors, significantly increased their holdings in Brinker International during the first quarter.
• Analysts have raised their target prices for Brinker International, with upgrades from firms like UBS Group and Evercore ISI indicating positive market sentiment towards the company.

Counterpoint Mutual Funds LLC purchased a new stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,302 shares of the restaurant operator's stock, valued at approximately $776,000.

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

Insider Transactions at Brinker International

In other news, Director Harriet Edelman sold 8,325 shares of the firm's 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 transaction, the director directly owned 28,905 shares in the company, valued at $4,538,085. This trade represents a 22.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kevin Hochman sold 44,000 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $157.82, for a total value of $6,944,080.00. Following the transaction, the chief executive officer owned 212,867 shares of the company's stock, valued at approximately $33,594,669.94. This represents a 17.13% 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 worth $10,754,785 over the last ninety days. Company insiders own 1.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. UBS Group upped their target price on Brinker International from $155.00 to $165.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. Evercore ISI upgraded Brinker International from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $190.00 to $210.00 in a research report on Thursday, September 4th. JPMorgan Chase & Co. increased their price target on Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Morgan Stanley raised their target price on Brinker International from $149.00 to $161.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. Finally, Wells Fargo & Company upgraded Brinker International from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $165.00 to $175.00 in a research report on Monday. Six investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $173.18.

Brinker International Price Performance

EAT stock opened at $138.52 on Tuesday. The business has a fifty day moving average of $155.69 and a two-hundred day moving average of $156.26. The company has a quick ratio of 0.25, a current ratio of 0.31 and a debt-to-equity ratio of 1.15. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 16.67, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. Brinker International, Inc. has a 52-week low of $74.73 and a 52-week high of $192.21.

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. As a group, research analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current year.

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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