Amundi Boosts Holdings in Brinker International, Inc. $EAT

Amundi increased its holdings in Brinker International, Inc. (NYSE:EAT - Free Report) by 113.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,419 shares of the restaurant operator's stock after buying an additional 58,222 shares during the quarter. Amundi owned 0.25% of Brinker International worth $15,176,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Alyeska Investment Group L.P. purchased a new position in shares of Brinker International in the first quarter worth approximately $76,114,000. Graham Capital Management L.P. boosted its holdings in shares of Brinker International by 93.6% in the first quarter. Graham Capital Management L.P. now owns 45,011 shares of the restaurant operator's stock worth $6,709,000 after buying an additional 21,759 shares during the last quarter. Armistice Capital LLC boosted its holdings in shares of Brinker International by 93.4% in the first quarter. Armistice Capital LLC now owns 97,734 shares of the restaurant operator's stock worth $14,567,000 after buying an additional 47,206 shares during the last quarter. Night Squared LP purchased a new position in shares of Brinker International in the first quarter worth approximately $6,989,000. Finally, Panagora Asset Management Inc. boosted its holdings in shares of Brinker International by 716.7% in the first quarter. Panagora Asset Management Inc. now owns 111,434 shares of the restaurant operator's stock worth $16,609,000 after buying an additional 97,789 shares during the last quarter.

Insider Activity at Brinker International

In other news, Director Harriet Edelman sold 8,325 shares of Brinker International stock in a transaction that occurred 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 sale, the director owned 28,905 shares in the company, valued at $4,538,085. This trade represents a 22.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Kevin Hochman sold 44,000 shares of Brinker International stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $157.82, for a total transaction of $6,944,080.00. Following the sale, the chief executive officer owned 212,867 shares in the company, valued at approximately $33,594,669.94. The trade was a 17.13% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EAT. Wells Fargo & Company lifted their price target on shares of Brinker International from $150.00 to $165.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Bank of America lifted their price target on shares of Brinker International from $186.00 to $190.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. Barclays lifted their price target on shares of Brinker International from $166.00 to $170.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. JPMorgan Chase & Co. lifted their price target on shares of Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. Finally, Piper Sandler lifted their price target on shares of Brinker International from $155.00 to $168.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. Five investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $172.59.

Brinker International Trading Down 1.1%

Brinker International stock opened at $156.41 on Tuesday. The stock has a market cap of $6.96 billion, a P/E ratio of 18.82, a PEG ratio of 1.01 and a beta of 1.43. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.31 and a quick ratio of 0.25. Brinker International, Inc. has a 1 year low of $68.45 and a 1 year high of $192.21. The firm's 50 day moving average price is $160.99 and its 200-day moving average price is $156.63.

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.