Aberdeen Group plc Has $25.33 Million Holdings in Brinker International, Inc. $EAT

Key Points

• Aberdeen Group plc increased its stake in Brinker International by 13.1%, acquiring an additional 19,619 shares during the first quarter, bringing its total to approximately 170,000 shares valued at $25.3 million.
• Brinker International reported earnings of $2.49 per share for the last quarter, exceeding estimates, with a 21% year-over-year revenue increase to $1.46 billion.
• Multiple brokerages have increased their price targets for Brinker International, with Bank of America raising it to $190, and the current consensus price target sits at $171.41.

Aberdeen Group plc boosted its holdings in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 13.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 169,936 shares of the restaurant operator's stock after buying an additional 19,619 shares during the quarter. Aberdeen Group plc owned about 0.38% of Brinker International worth $25,329,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its position in Brinker International by 5.1% during 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 during the last quarter. Fox Run Management L.L.C. acquired a new position in Brinker International during the first quarter worth $815,000. Trivium Point Advisory LLC acquired a new position in Brinker International during the first quarter worth $398,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of Brinker International in the first quarter valued at about $1,092,000. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Brinker International in the first quarter valued at about $24,891,000.

Brinker International Trading Down 0.2%

EAT traded down $0.2460 during trading on Thursday, reaching $152.3540. 714,537 shares of the company's stock were exchanged, compared to its average volume of 1,491,142. The company's fifty day moving average price is $166.87 and its 200-day moving average price is $157.85. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.23 and a current ratio of 0.31. Brinker International, Inc. has a fifty-two week low of $68.35 and a fifty-two week high of $192.21. The firm has a market capitalization of $6.78 billion, a PE ratio of 18.33, a P/E/G ratio of 0.97 and a beta of 1.68.

Brinker International (NYSE:EAT - Get Free Report) last released its earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, topping 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 firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the business earned $1.61 EPS. The business's quarterly revenue was up 21.0% compared to the same quarter last year. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, equities analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on EAT shares. Wall Street Zen downgraded Brinker International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Morgan Stanley increased their target price on shares of Brinker International from $149.00 to $161.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. Stifel Nicolaus raised their price target on shares of Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Barclays raised 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 note on Thursday, August 14th. Finally, Wells Fargo & Company lifted 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 note on Thursday, July 17th. Four equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, Brinker International has an average rating of "Hold" and an average price target of $171.41.

Insider Buying and Selling at Brinker International

In other news, Director Harriet Edelman sold 8,325 shares of the business's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $157.00, for a total value 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. The trade was a 22.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph Michael Depinto sold 10,000 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $170.36, for a total transaction of $1,703,600.00. Following the completion of the transaction, the director directly owned 99,297 shares of the company's stock, valued at $16,916,236.92. This trade represents a 9.15% decrease in their position. The disclosure for this sale can be found here. 1.72% of the stock is owned by insiders.

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.