Aristeia Capital L.L.C. Takes Position in Brinker International, Inc. $EAT

Key Points

• Aristeia Capital L.L.C. has acquired a new stake in Brinker International, purchasing 3,476 shares valued at approximately $518,000 in the first quarter.
• Brinker International reported a quarterly earnings per share of $2.49, exceeding analysts' estimates, along with a year-over-year revenue increase of 21% to $1.46 billion.
• After recent transactions, CEO Kevin Hochman sold 44,000 shares, resulting in a 17.13% decrease in his ownership, while corporate insiders own only 1.72% of the company's stock.

Aristeia Capital L.L.C. acquired a new stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,476 shares of the restaurant operator's stock, valued at approximately $518,000.

Several other hedge funds have also recently made changes to their positions in EAT. Alyeska Investment Group L.P. purchased a new position in shares of Brinker International during the first quarter valued at approximately $76,114,000. Westfield Capital Management Co. LP raised its holdings in shares of Brinker International by 102.0% during the first quarter. Westfield Capital Management Co. LP now owns 995,713 shares of the restaurant operator's stock valued at $148,411,000 after purchasing an additional 502,897 shares during the last quarter. Nuveen LLC purchased a new position in shares of Brinker International during the first quarter valued at approximately $55,808,000. Samlyn Capital LLC purchased a new position in shares of Brinker International during the first quarter valued at approximately $44,557,000. Finally, Man Group plc grew its position in Brinker International by 293.6% during the fourth quarter. Man Group plc now owns 239,306 shares of the restaurant operator's stock valued at $31,658,000 after buying an additional 178,503 shares during the period.

Brinker International Stock Performance

EAT opened at $158.24 on Monday. The firm has a market cap of $7.04 billion, a P/E ratio of 19.04, a PEG ratio of 1.01 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 company has a 50 day simple moving average of $161.48 and a two-hundred day simple moving average of $156.54. 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 (NYSE:EAT - Get Free Report) last posted its quarterly 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 analyst estimates 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 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. Equities analysts forecast that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Brinker International news, CEO Kevin Hochman sold 44,000 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 212,867 shares in the company, valued at $33,594,669.94. This represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Harriet Edelman sold 8,325 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $157.00, for a total transaction of $1,307,025.00. Following the completion of the transaction, the director owned 28,905 shares of the company's stock, valued at approximately $4,538,085. The trade was a 22.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.72% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EAT shares. Bank of America boosted their target price on shares of Brinker International from $186.00 to $190.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. Morgan Stanley boosted their target price on shares of Brinker International from $149.00 to $161.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. Piper Sandler boosted their target price on shares of Brinker International from $155.00 to $168.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. Wall Street Zen lowered shares of Brinker International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, JPMorgan Chase & Co. boosted their target price 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. Five analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $172.59.

Brinker International 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.

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