Axiom Investors LLC DE Purchases New Shares in Brinker International, Inc. $EAT

Key Points

• Axiom Investors LLC DE purchased 54,201 shares of Brinker International, Inc., valued at approximately $8,079,000, indicating a growing interest in the restaurant operator.
• Several institutions have significantly increased their stakes in Brinker International, with Westfield Capital Management Co. LP and Price T Rowe Associates Inc. MD making notable purchases that reflect confidence in the company's potential.
• Wall Street analysts have raised their price targets for Brinker International, with estimates now reaching as high as $215.00, showcasing positive sentiment regarding the company's financial performance and future growth.

Axiom Investors LLC DE purchased a new stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 54,201 shares of the restaurant operator's stock, valued at approximately $8,079,000. Axiom Investors LLC DE owned approximately 0.12% of Brinker International at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Westfield Capital Management Co. LP lifted its position 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 in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Brinker International by 3,277.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 987,334 shares of the restaurant operator's stock valued at $130,615,000 after purchasing an additional 958,101 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Brinker International by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 967,550 shares of the restaurant operator's stock valued at $144,201,000 after purchasing an additional 46,896 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of Brinker International during the fourth quarter valued at about $82,408,000. Finally, Fuller & Thaler Asset Management Inc. lifted its position in shares of Brinker International by 28.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 600,134 shares of the restaurant operator's stock valued at $89,450,000 after purchasing an additional 132,000 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Brinker International from $150.00 to $170.00 and gave the company a "market perform" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. lifted their price objective on shares of Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Evercore ISI lifted their price objective on shares of Brinker International from $180.00 to $190.00 and gave the stock an "in-line" rating in a research report on Thursday, August 14th. Barclays lifted their price objective on shares of Brinker International from $166.00 to $170.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Finally, Stifel Nicolaus lifted their price objective on shares of Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Four analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $171.41.

Insider Activity

In related news, Director Joseph Michael Depinto sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $170.36, for a total transaction of $1,703,600.00. Following the completion of the transaction, the director owned 99,297 shares of the company's stock, valued at approximately $16,916,236.92. The trade was a 9.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harriet Edelman sold 8,325 shares of the business's 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 transaction, the director directly owned 28,905 shares of the company's stock, valued at approximately $4,538,085. This represents a 22.36% decrease in their position. The disclosure for this sale can be found here. 1.72% of the stock is owned by company insiders.

Brinker International Price Performance

EAT opened at $150.2580 on Friday. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 0.95 and a beta of 1.68. The company has a quick ratio of 0.23, a current ratio of 0.31 and a debt-to-equity ratio of 1.15. The firm has a 50-day moving average price of $165.92 and a 200-day moving average price of $157.12. Brinker International, Inc. has a twelve month low of $68.45 and a twelve month high of $192.21.

Brinker International (NYSE:EAT - Get Free Report) last posted its earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.02. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate 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 quarter last year, the company earned $1.61 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Equities analysts expect that Brinker International, Inc. will post 8.3 EPS for the current 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.

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