American Century Companies Inc. Sells 21,233 Shares of Brinker International, Inc. $EAT

Key Points

• American Century Companies Inc. reduced its stake in Brinker International by 7.6%, selling 21,233 shares to own 259,591 shares valued at $38.7 million.
• Recent insider selling included Director Harriet Edelman who sold 8,325 shares at $157 each, resulting in a 22.36% decrease in her ownership.
• A number of analysts have raised their price targets for Brinker International, with Wells Fargo increasing theirs from $150 to $165 while maintaining an "equal weight" rating.

American Century Companies Inc. reduced its stake in Brinker International, Inc. (NYSE:EAT - Free Report) by 7.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 259,591 shares of the restaurant operator's stock after selling 21,233 shares during the period. American Century Companies Inc. owned approximately 0.58% of Brinker International worth $38,692,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the business. Aberdeen Group plc grew its position in Brinker International by 13.1% during the 1st quarter. Aberdeen Group plc now owns 169,936 shares of the restaurant operator's stock worth $25,329,000 after acquiring an additional 19,619 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Brinker International by 5.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 967,550 shares of the restaurant operator's stock worth $144,201,000 after acquiring an additional 46,896 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Brinker International during the 1st quarter worth approximately $815,000. Trivium Point Advisory LLC bought a new stake in Brinker International during the 1st quarter worth approximately $398,000. Finally, Cookson Peirce & Co. Inc. bought a new stake in Brinker International during the 1st quarter worth approximately $1,092,000.

Insider Buying and Selling at Brinker International

In other news, Director Harriet Edelman sold 8,325 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $157.00, for a total value of $1,307,025.00. Following the transaction, the director directly owned 28,905 shares in the company, valued at $4,538,085. This trade represents a 22.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Michael Depinto sold 10,000 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $170.36, for a total value of $1,703,600.00. Following the completion of the transaction, the director owned 99,297 shares in the company, valued at $16,916,236.92. This represents a 9.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.72% of the stock is owned by company insiders.

Brinker International Trading Down 1.3%

NYSE:EAT traded down $1.9220 during trading hours on Friday, hitting $150.2580. 1,155,786 shares of the stock were exchanged, compared to its average volume of 1,383,280. The company's 50 day moving average is $165.92 and its two-hundred day moving average is $157.12. Brinker International, Inc. has a twelve month low of $68.45 and a twelve month high of $192.21. The company has a quick ratio of 0.23, a current ratio of 0.31 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $6.69 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 0.95 and a beta of 1.68.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.02. Brinker International had a return on equity of 211.86% and a net margin of 7.12%.The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter in the prior year, the business earned $1.61 EPS. The business's revenue for the quarter 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. On average, sell-side analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

EAT has been the topic of a number of research analyst reports. UBS Group increased their price target on Brinker International from $155.00 to $165.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Evercore ISI increased their price target on Brinker International from $180.00 to $190.00 and gave the stock an "in-line" rating in a research report on Thursday, August 14th. Bank of America increased their price target on Brinker International from $186.00 to $190.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Wells Fargo & Company increased their price target on Brinker International from $150.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Finally, Barclays increased their price target on Brinker International from $166.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Four investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $171.41.

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.