Ameriprise Financial Inc. Has $36.43 Million Stock Holdings in Brinker International, Inc. $EAT

Key Points

• Ameriprise Financial Inc. reduced its stake in Brinker International by 5.2% in Q1, owning 244,389 shares valued at approximately $36.43 million.
• Brinker's stock received downgrades from various analysts, with target prices raised by Wells Fargo and UBS to $165.00 and Barclays increasing it to $170.00.
• CEO Kevin Hochman sold 44,000 shares of Brinker stock, lowering his ownership by 17.13%, as several insiders sold total shares worth nearly $10 million recently.

Ameriprise Financial Inc. trimmed its stake in Brinker International, Inc. (NYSE:EAT - Free Report) by 5.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 244,389 shares of the restaurant operator's stock after selling 13,346 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.55% of Brinker International worth $36,428,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new position in shares of Brinker International in the 1st quarter worth $206,000. Range Financial Group LLC acquired a new position in shares of Brinker International in the 1st quarter worth $1,036,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Brinker International in the first quarter worth $492,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Brinker International in the first quarter worth $565,000. Finally, Two Sigma Advisers LP acquired a new stake in shares of Brinker International in the fourth quarter worth $1,336,000.

Brinker International Stock Up 0.2%

Brinker International stock traded up $0.36 during mid-day trading on Monday, hitting $155.89. 920,262 shares of the company's stock were exchanged, compared to its average volume of 1,358,117. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 1.15. The stock has a market cap of $6.94 billion, a P/E ratio of 18.76, a P/E/G ratio of 0.99 and a beta of 1.43. Brinker International, Inc. has a 1-year low of $68.45 and a 1-year high of $192.21. The stock has a 50 day moving average of $163.18 and a two-hundred day moving average of $156.60.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wall Street Zen cut Brinker International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. BMO Capital Markets increased their price objective on Brinker International from $150.00 to $170.00 and gave the stock a "market perform" rating in a report on Thursday, August 14th. JPMorgan Chase & Co. increased their price objective on Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Evercore ISI increased their price objective on Brinker International from $180.00 to $190.00 and gave the stock an "in-line" rating in a report on Thursday, August 14th. Finally, Piper Sandler increased their price objective on Brinker International from $155.00 to $168.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Four investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $171.41.

Insider Transactions at Brinker International

In other news, Director Harriet Edelman sold 8,325 shares of the stock in a transaction that occurred 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 completion of the sale, the director directly owned 28,905 shares of the company's stock, valued at approximately $4,538,085. This represents a 22.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction of $1,703,600.00. Following the completion of the sale, the director owned 99,297 shares in the company, valued at approximately $16,916,236.92. The trade was a 9.15% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 62,325 shares of company stock worth $9,954,705. Company insiders own 1.72% of the company's stock.

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.