Archford Capital Strategies LLC Has $2.62 Million Holdings in Brinker International, Inc. $EAT

Key Points

• Archford Capital Strategies LLC significantly increased its stake in Brinker International, Inc. by 214.9%, holding shares valued at $2.62 million after acquiring an additional 9,912 shares in the second quarter.
• Several analysts have recently upgraded their price targets for Brinker International, with JPMorgan Chase raising it to $180.00 and Barclays to $170.00, reflecting a generally positive outlook despite some being rated as "neutral."
• Insider transactions involved significant sales, with COO Douglas N. Comings selling 16,000 shares for approximately $2.50 million, representing a 55.27% decrease in his position.

Archford Capital Strategies LLC lifted its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 214.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,525 shares of the restaurant operator's stock after buying an additional 9,912 shares during the period. Archford Capital Strategies LLC's holdings in Brinker International were worth $2,619,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its holdings in Brinker International by 15.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,554 shares of the restaurant operator's stock worth $735,000 after acquiring an additional 730 shares during the period. GAMMA Investing LLC lifted its position in Brinker International by 37,668.9% in the 1st quarter. GAMMA Investing LLC now owns 116,706 shares of the restaurant operator's stock valued at $17,395,000 after acquiring an additional 116,397 shares in the last quarter. Rhumbline Advisers lifted its position in Brinker International by 0.6% in the 1st quarter. Rhumbline Advisers now owns 121,505 shares of the restaurant operator's stock valued at $18,110,000 after acquiring an additional 691 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in Brinker International in the 1st quarter valued at about $30,000. Finally, MRA Advisory Group bought a new position in shares of Brinker International during the 1st quarter worth approximately $560,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on EAT shares. Piper Sandler raised their price target on shares of Brinker International from $155.00 to $168.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. Barclays boosted their price target on shares of Brinker International from $166.00 to $170.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. boosted their price target on shares of Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a research report on Wednesday, June 25th. Wall Street Zen downgraded shares of Brinker International from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Finally, UBS Group lifted their price objective on shares of Brinker International from $155.00 to $165.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Six research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Brinker International presently has a consensus rating of "Hold" and a consensus price target of $173.18.

Insider Activity

In related news, COO Douglas N. Comings sold 16,000 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $156.48, for a total transaction of $2,503,680.00. Following the sale, the chief operating officer owned 12,951 shares of the company's stock, valued at approximately $2,026,572.48. This represents a 55.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Kevin Hochman sold 44,000 shares of the firm's stock in a transaction dated 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 sale, the chief executive officer directly 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. Insiders have sold 68,325 shares of company stock valued at $10,754,785 in the last 90 days. Insiders own 1.72% of the company's stock.

Brinker International Price Performance

Brinker International stock opened at $132.03 on Monday. The stock's 50 day moving average is $153.35 and its 200 day moving average is $156.10. 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 firm has a market cap of $5.88 billion, a P/E ratio of 15.89, a P/E/G ratio of 0.84 and a beta of 1.43. Brinker International, Inc. has a one year low of $74.73 and a one year high of $192.21.

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

About Brinker International

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.

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