Assenagon Asset Management S.A. Sells 200,060 Shares of Brinker International, Inc. $EAT

Key Points

• Assenagon Asset Management S.A. reduced its holdings in Brinker International by 52.1%, selling 200,060 shares, and now owns approximately 0.41% of the company worth $33.2 million.
• CEO Kevin Hochman and Director Harriet Edelman both sold significant shares of Brinker International, contributing to a total of 68,325 shares sold by insiders in recent transactions.
• Brinker International reported $2.49 EPS for the last quarter, surpassing expectations, and set its FY 2026 guidance at 9.90-10.50 EPS.

Assenagon Asset Management S.A. lowered its stake in Brinker International, Inc. (NYSE:EAT - Free Report) by 52.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 184,013 shares of the restaurant operator's stock after selling 200,060 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.41% of Brinker International worth $33,183,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. Quantinno Capital Management LP purchased a new position in shares of Brinker International during the 4th quarter valued at about $370,000. Two Sigma Advisers LP purchased a new position in shares of Brinker International during the 4th quarter valued at about $1,336,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Brinker International by 22.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 123,349 shares of the restaurant operator's stock worth $16,318,000 after purchasing an additional 22,535 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Brinker International by 15.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,554 shares of the restaurant operator's stock worth $735,000 after purchasing an additional 730 shares during the period. Finally, 111 Capital purchased a new position in Brinker International in the 4th quarter worth approximately $584,000.

Brinker International Stock Performance

Shares of NYSE EAT traded up $2.17 during trading on Monday, hitting $138.52. The company had a trading volume of 1,655,299 shares, compared to its average volume of 1,239,598. The stock has a 50 day simple moving average of $155.69 and a 200 day simple moving average of $156.26. The firm has a market capitalization of $6.16 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. Brinker International, Inc. has a 12 month low of $74.73 and a 12 month high of $192.21. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.25 and a current ratio of 0.31.

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 for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the company posted $1.61 earnings per share. The business's quarterly revenue 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. As a group, analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Insider Buying and Selling at Brinker International

In other Brinker International news, COO Douglas N. Comings sold 16,000 shares of the company's stock in a transaction that occurred on 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 directly owned 12,951 shares in the company, valued at $2,026,572.48. This represents a 55.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 sale, the chief executive officer owned 212,867 shares in the company, valued at approximately $33,594,669.94. This trade represents a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,325 shares of company stock worth $10,754,785 over the last ninety days. Company insiders own 1.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EAT. BMO Capital Markets lifted their price target on Brinker International from $150.00 to $170.00 and gave the stock a "market perform" rating in a research note on Thursday, August 14th. Wall Street Zen lowered Brinker International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Barclays raised their price target on Brinker International from $166.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Wells Fargo & Company raised shares of Brinker International from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $165.00 to $175.00 in a research report on Monday. Finally, Bank of America lifted their target price on shares of Brinker International from $186.00 to $190.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Six analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $173.18.

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.