Alyeska Investment Group L.P. lowered its stake in Brinker International, Inc. (NYSE:EAT - Free Report) by 60.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 165,680 shares of the restaurant operator's stock after selling 254,059 shares during the period. Alyeska Investment Group L.P. owned approximately 0.39% of Brinker International worth $27,834,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of EAT. Allworth Financial LP boosted its position in Brinker International by 58.5% during the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator's stock valued at $28,000 after buying an additional 83 shares during the period. Rezny Wealth Management Inc. grew its stake in shares of Brinker International by 0.8% in the fourth quarter. Rezny Wealth Management Inc. now owns 11,738 shares of the restaurant operator's stock worth $1,685,000 after purchasing an additional 92 shares during the last quarter. New Age Alpha Advisors LLC grew its stake in shares of Brinker International by 4.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 2,047 shares of the restaurant operator's stock worth $294,000 after purchasing an additional 94 shares during the last quarter. Smith Group Asset Management LLC increased its holdings in Brinker International by 0.5% during the 2nd quarter. Smith Group Asset Management LLC now owns 20,669 shares of the restaurant operator's stock valued at $3,472,000 after purchasing an additional 104 shares during the period. Finally, Aviva PLC increased its holdings in Brinker International by 2.8% during the 4th quarter. Aviva PLC now owns 4,123 shares of the restaurant operator's stock valued at $592,000 after purchasing an additional 112 shares during the period.
Key Brinker International News
Here are the key news stories impacting Brinker International this week:
- Positive Sentiment: Zacks Research raised most of its Brinker earnings outlook. Estimates increased for Q1 2027 EPS to $2.29 from $2.16, Q2 2027 to $3.24 from $3.03, Q3 2027 to $3.45 from $3.32, and Q4 2027 to $4.05 from $3.77. The FY2027 forecast rose to $13.03 from $12.29, suggesting stronger expected operating momentum.
- Positive Sentiment: Zacks also lifted its FY2028 EPS estimate to $13.66 from $13.33, raised Q1 2028 to $2.49 from $2.45 and Q3 2028 to $3.54 from $3.37. Its new FY2029 forecast is $14.90 per share, above the current-year consensus of approximately $13.24.
- Neutral Sentiment: The revisions were not uniformly positive: Zacks trimmed its Q2 2028 EPS estimate to $3.30 from $3.34. The mixed adjustment limits the significance of the broader forecast increases.
- Negative Sentiment: Senior Vice President and Chief Legal Officer Daniel Fuller sold 1,909 EAT shares for approximately $484,000 at an average price of $253.54, reducing his holdings by 5.95%. The transaction occurred near the stock’s 52-week high and may reinforce concerns about insider confidence. Daniel Fuller SEC insider-sale filing
- Negative Sentiment: Brinker’s latest quarterly results provide a counterweight to the bullish estimates: EPS of $3.07 narrowly missed the $3.09 consensus, although revenue reached $1.54 billion, rose 5.1% year over year and exceeded expectations. With shares trading at an elevated valuation after a substantial rally, investors may be taking profits despite the company’s solid sales growth and FY2027 EPS guidance of $12.60–$13.40.
Insider Buying and Selling
In other Brinker International news, SVP James M. Butler sold 10,000 shares of Brinker International stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $240.37, for a total value of $2,403,700.00. Following the completion of the transaction, the senior vice president directly owned 9,064 shares of the company's stock, valued at approximately $2,178,713.68. The trade was a 52.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP George S. Felix sold 14,349 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $237.47, for a total transaction of $3,407,457.03. Following the sale, the executive vice president owned 6,293 shares in the company, valued at approximately $1,494,398.71. The trade was a 69.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 145,014 shares of company stock worth $34,958,437 over the last quarter. 1.43% of the stock is owned by insiders.
Brinker International Price Performance
Shares of EAT opened at $230.51 on Monday. Brinker International, Inc. has a fifty-two week low of $100.30 and a fifty-two week high of $254.99. The firm's 50-day simple moving average is $203.67 and its two-hundred day simple moving average is $166.21. The stock has a market cap of $9.63 billion, a PE ratio of 21.17, a price-to-earnings-growth ratio of 1.19 and a beta of 1.23. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.40 and a current ratio of 0.45.
Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 EPS for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). Brinker International had a return on equity of 122.35% and a net margin of 8.39%.The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the firm earned $2.30 earnings per share. The business's revenue for the quarter was up 5.1% compared to the same quarter last year. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Analysts anticipate that Brinker International, Inc. will post 13.22 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on EAT shares. Citigroup increased their price objective on Brinker International from $227.00 to $282.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Robert W. Baird began coverage on Brinker International in a research note on Monday, August 24th. They issued an "outperform" rating and a $325.00 price target for the company. Northcoast Research downgraded shares of Brinker International from a "buy" rating to a "neutral" rating in a research report on Friday, August 14th. Mizuho increased their price target on shares of Brinker International from $175.00 to $275.00 and gave the stock an "outperform" rating in a research note on Thursday, August 13th. Finally, TD Cowen lifted their price objective on Brinker International from $210.00 to $270.00 and gave the company a "buy" rating in a research report on Wednesday, August 12th. Seventeen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, Brinker International presently has a consensus rating of "Moderate Buy" and an average price target of $242.19.
View Our Latest Research Report on Brinker International
About Brinker International
(
Free Report)
Brinker International, Inc NYSE: EAT is a leading global operator of casual dining restaurants. The company's portfolio is anchored by its flagship Chili's® Grill & Bar concept and Maggiano's® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.
The Chili's brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.
Further Reading
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