Interval Partners LP Acquires New Stake in Brinker International, Inc. $EAT

Key Points

• Interval Partners LP acquired 48,381 shares of Brinker International, valued at approximately $7.2 million, during the first quarter.
• CEO Kevin Hochman sold 44,000 shares at an average price of $157.82, reducing his ownership by 17.13%.
• Analysts are bullish on Brinker International, with Barclays and Wells Fargo increasing their target prices to $170.00 and $165.00, respectively.

Interval Partners LP purchased a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 48,381 shares of the restaurant operator's stock, valued at approximately $7,211,000. Interval Partners LP owned approximately 0.11% of Brinker International at the end of the most recent quarter.

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

Insider Buying and Selling

In related news, CEO Kevin Hochman sold 44,000 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief executive officer owned 212,867 shares in the company, valued at $33,594,669.94. This trade represents a 17.13% 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 firm's 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 transaction, the director owned 28,905 shares in the company, valued at $4,538,085. This represents a 22.36% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.72% of the company's stock.

Brinker International Stock Performance

Shares of EAT traded down $1.64 during mid-day trading on Friday, reaching $158.24. 1,098,833 shares of the company's stock traded hands, compared to its average volume of 1,403,977. The business's 50-day moving average price is $161.48 and its 200-day moving average price is $156.54. The stock has a market capitalization of $7.04 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 1.01 and a beta of 1.43. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.25 and a current ratio of 0.31. Brinker International, Inc. has a 12 month low of $68.45 and a 12 month 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 earnings per share for the quarter, beating analysts' consensus estimates of $2.47 by $0.02. The company had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.42 billion. Brinker International had a return on equity of 211.86% and a net margin of 7.12%.The business's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.61 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Equities analysts predict that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Bank of America increased their price target on shares of Brinker International from $186.00 to $190.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. BMO Capital Markets increased their price target on shares of Brinker International from $150.00 to $170.00 and gave the stock a "market perform" rating in a research report on Thursday, August 14th. UBS Group increased their price target on shares of Brinker International from $155.00 to $165.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Wall Street Zen cut shares of Brinker International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $172.59.

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.