Alyeska Investment Group L.P. Makes New Investment in Brinker International, Inc. $EAT

Key Points

• Alyeska Investment Group L.P. has purchased 510,660 shares of Brinker International, amounting to approximately $76.1 million, which represents 1.15% ownership of the company.
• Brinker International reported an earnings per share (EPS) of $2.49, exceeding estimates, with a revenue increase of 21% year-over-year during the last quarter.
• Several analysts raised their target prices for Brinker International, with a consensus average target price of $171.41 and a mix of Buy and Hold ratings from market analysts.

Alyeska Investment Group L.P. bought a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 510,660 shares of the restaurant operator's stock, valued at approximately $76,114,000. Alyeska Investment Group L.P. owned about 1.15% of Brinker International as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in EAT. Westfield Capital Management Co. LP grew 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 worth $148,411,000 after acquiring an additional 502,897 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 purchasing an additional 46,896 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of 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 valued at $89,450,000 after purchasing an additional 132,000 shares during the last quarter. Northern Trust Corp grew its stake in shares of Brinker International by 10.2% during the fourth quarter. Northern Trust Corp now owns 512,613 shares of the restaurant operator's stock valued at $67,814,000 after purchasing an additional 47,378 shares during the last quarter. Finally, 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 in the last quarter.

Insider Activity at Brinker International

In related news, CEO Kevin Hochman sold 44,000 shares of the firm's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $157.82, for a total value of $6,944,080.00. Following the completion of the transaction, the chief executive officer owned 212,867 shares of the company's stock, valued at approximately $33,594,669.94. This trade represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harriet Edelman sold 8,325 shares of Brinker International stock in a transaction 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 sale, the director owned 28,905 shares in the company, valued at $4,538,085. The trade was a 22.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.72% of the company's stock.

Brinker International Stock Down 1.0%

EAT traded down $1.64 during trading on Friday, reaching $158.24. The company had a trading volume of 1,098,833 shares, compared to its average volume of 1,416,873. The company has a market cap of $7.04 billion, a P/E ratio of 19.04, a PEG ratio of 1.02 and a beta of 1.43. Brinker International, Inc. has a 12 month low of $68.45 and a 12 month high of $192.21. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.31 and a quick ratio of 0.25. The business's fifty day moving average price is $161.48 and its 200 day moving average price is $156.56.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, topping analysts' consensus estimates of $2.47 by $0.02. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. Brinker International had a net margin of 7.12% and a return on equity of 211.86%. The firm's quarterly revenue was up 21.0% on a year-over-year basis. During the same period last year, the business posted $1.61 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Equities analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Stifel Nicolaus lifted their price objective on Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Evercore ISI raised shares of Brinker International from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $190.00 to $210.00 in a research note on Thursday. Barclays raised their price objective on shares of Brinker International from $166.00 to $170.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. UBS Group upped their target price on shares of Brinker International from $155.00 to $165.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. Finally, JPMorgan Chase & Co. raised 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. Five equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $172.59.

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.