Night Squared LP Acquires Shares of 46,890 Brinker International, Inc. $EAT

Key Points

• Night Squared LP purchased 46,890 shares of Brinker International, Inc. for approximately $6.99 million, making it the firm's third-largest holding.
• Brinker International reported a quarterly EPS of $2.49, exceeding expectations, and a year-over-year revenue increase of 21%.
• Wall Street analysts have a consensus "Hold" rating for Brinker International, with price targets ranging from $155 to $180 set by various firms.

Night Squared LP purchased a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 46,890 shares of the restaurant operator's stock, valued at approximately $6,989,000. Brinker International comprises about 4.1% of Night Squared LP's portfolio, making the stock its 3rd largest position. Night Squared LP owned 0.11% of Brinker International as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC grew its position 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 acquiring an additional 161 shares during the last quarter. Financial Management Professionals Inc. bought a new position in shares of Brinker International during the first quarter worth about $30,000. National Bank of Canada FI grew its position in shares of Brinker International by 227.3% during the first quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator's stock worth $38,000 after acquiring an additional 175 shares during the last quarter. Continuum Advisory LLC grew its position in Brinker International by 1,714.3% in the 1st quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock valued at $38,000 after buying an additional 240 shares in the last quarter. Finally, Virtus Advisers LLC bought a new position in Brinker International in the 1st quarter valued at about $54,000.

Brinker International Price Performance

NYSE EAT traded up $0.36 on Monday, reaching $155.89. The company's stock had a trading volume of 920,262 shares, compared to its average volume of 1,358,117. Brinker International, Inc. has a twelve month low of $68.45 and a twelve month high of $192.21. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.25 and a current ratio of 0.31. The stock has a market cap of $6.94 billion, a PE ratio of 18.76, a PEG ratio of 0.99 and a beta of 1.43. The firm's 50 day moving average is $163.18 and its two-hundred day moving average is $156.60.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share for the quarter, beating 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 company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the company earned $1.61 EPS. Brinker International's 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, sell-side analysts predict 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, CEO Kevin Hochman sold 44,000 shares of the company's stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $157.82, for a total transaction of $6,944,080.00. Following the completion of the sale, the chief executive officer directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Harriet Edelman sold 8,325 shares of the company's stock in a transaction dated 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 sale, the director directly owned 28,905 shares of the company's stock, valued at $4,538,085. This represents a 22.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 62,325 shares of company stock valued at $9,954,705. 1.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Barclays increased 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 report on Thursday, August 14th. Evercore ISI increased 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. Piper Sandler increased their target price on shares of Brinker International from $155.00 to $168.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. Stifel Nicolaus increased their target price on shares of Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Finally, Wells Fargo & Company increased their target price on shares of Brinker International from $150.00 to $165.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $171.41.

Brinker International 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.