Bayforest Capital Ltd Buys 5,237 Shares of Brinker International, Inc. $EAT

Key Points

• Bayforest Capital Ltd increased its stake in Brinker International by 694.6% in the 1st quarter, owning 5,991 shares worth approximately $893,000 at the end of the quarter.
• Brinker International reported $2.49 EPS for the quarter, exceeding expectations, with a revenue of $1.46 billion, marking a year-over-year increase of 21.0%.
• Multiple analysts have raised their price targets for Brinker International, with Wells Fargo increasing their target from $150 to $165, reflecting a positive outlook for the company's stock.

Bayforest Capital Ltd raised its position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 694.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,991 shares of the restaurant operator's stock after purchasing an additional 5,237 shares during the quarter. Bayforest Capital Ltd's holdings in Brinker International were worth $893,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP raised its stake in Brinker International by 102.0% during the 1st 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 period. Dimensional Fund Advisors LP raised its stake in Brinker International by 5.1% during the 1st 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 during the period. Fuller & Thaler Asset Management Inc. raised its stake in Brinker International by 28.2% during the 1st 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 during the period. Invesco Ltd. raised its stake in Brinker International by 4.3% during the 1st quarter. Invesco Ltd. now owns 510,993 shares of the restaurant operator's stock valued at $76,164,000 after purchasing an additional 21,270 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new stake in Brinker International during the 1st quarter valued at $76,114,000.

Brinker International Stock Down 3.2%

Brinker International stock traded down $5.03 during mid-day trading on Friday, hitting $153.92. 1,102,554 shares of the company's stock were exchanged, compared to its average volume of 1,461,106. 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 stock has a market cap of $6.85 billion, a P/E ratio of 18.52, a P/E/G ratio of 0.98 and a beta of 1.43. Brinker International, Inc. has a 1-year low of $68.94 and a 1-year high of $192.21. The stock has a 50 day moving average of $159.41 and a two-hundred day moving average of $156.65.

Brinker International (NYSE:EAT - Get Free Report) last posted its earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, topping the consensus estimate of $2.47 by $0.02. The firm had revenue of $1.46 billion for 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 business's quarterly 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. As a group, analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current fiscal 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 dated Tuesday, September 9th. The shares were sold at an average price of $156.48, for a total transaction of $2,503,680.00. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin Hochman sold 44,000 shares of the company's stock in a transaction dated 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 sale, the chief executive officer owned 212,867 shares of the company's stock, valued at $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 sold 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.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Piper Sandler upped 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. Wall Street Zen downgraded shares of Brinker International from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Wells Fargo & Company upped their price target on shares of Brinker International from $150.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. BMO Capital Markets upped their price target on shares of Brinker International from $150.00 to $170.00 and gave the stock a "market perform" rating in a research note on Thursday, August 14th. Finally, Barclays upped their price target on shares of Brinker International from $166.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Five analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $172.59.

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.