Axiom Investors LLC DE Acquires New Holdings in Brinker International, Inc. $EAT

Key Points

• Axiom Investors LLC DE has acquired a new stake in Brinker International, Inc., purchasing 54,201 shares valued at approximately $8,079,000.
• Brinker International reported strong quarterly earnings with $2.49 EPS, exceeding estimates, and a significant year-over-year revenue increase of 21.0%.
• Analysts have varied ratings for Brinker International, with five giving a Buy rating and twelve issuing a Hold rating, reflecting mixed sentiments on the stock's future performance.

Axiom Investors LLC DE acquired a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 54,201 shares of the restaurant operator's stock, valued at approximately $8,079,000. Axiom Investors LLC DE owned about 0.12% of Brinker International at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in Brinker International by 575.0% during the 1st quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 161 shares during the last quarter. Financial Management Professionals Inc. bought a new position in Brinker International during the 1st quarter worth approximately $30,000. Continuum Advisory LLC raised its holdings in Brinker International by 1,714.3% during the 1st quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock worth $38,000 after purchasing an additional 240 shares during the last quarter. National Bank of Canada FI raised its holdings in Brinker International by 227.3% during the 1st quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator's stock worth $38,000 after purchasing an additional 175 shares during the last quarter. Finally, Virtus Advisers LLC bought a new position in Brinker International during the 1st quarter worth approximately $54,000.

Brinker International Stock Performance

NYSE EAT opened at $158.24 on Monday. The company has a fifty day simple moving average of $161.48 and a 200 day simple moving average of $156.54. Brinker International, Inc. has a 12-month low of $68.45 and a 12-month high of $192.21. 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 company 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 (NYSE:EAT - Get Free Report) last posted its quarterly earnings results 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. Brinker International had a net margin of 7.12% and a return on equity of 211.86%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the firm posted $1.61 EPS. Brinker International's 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. Sell-side analysts predict that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on EAT. Wall Street Zen lowered shares of Brinker International from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Evercore ISI upgraded shares of Brinker International from an "in-line" rating to an "outperform" rating and raised their price target for the stock from $190.00 to $210.00 in a report on Thursday. Bank of America raised their price target on shares of Brinker International from $186.00 to $190.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Wells Fargo & Company raised their price target on shares of Brinker International from $150.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Finally, Piper Sandler lifted their price objective on shares of Brinker International from $155.00 to $168.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Five equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Brinker International presently has an average rating of "Hold" and a consensus price target of $172.59.

Insider Buying and Selling at Brinker International

In related news, Director Harriet Edelman sold 8,325 shares of Brinker International stock in a transaction on Thursday, August 14th. The shares were 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 owned 28,905 shares of the company's stock, valued at approximately $4,538,085. This trade represents a 22.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Kevin Hochman sold 44,000 shares of Brinker International stock in a transaction 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 completion of the sale, the chief executive officer directly owned 212,867 shares of the company's stock, 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.

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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