BI Asset Management Fondsmaeglerselskab A S Has $16.61 Million Stock Position in Brinker International, Inc. $EAT

Key Points

• BI Asset Management Fondsmaeglerselskab A S significantly increased its stake in Brinker International by 617.9%, now owning 111,414 shares valued at approximately $16.6 million.
• Several other institutional investors also boosted their holdings in Brinker, including Westfield Capital Management increasing its stake by 102% and Price T Rowe Associates by 3,277.5% in recent quarters.
• Brinker International reported a quarterly earnings per share (EPS) of $2.49, exceeding analysts' expectations, with a revenue of $1.46 billion, a 21% year-over-year increase.

BI Asset Management Fondsmaeglerselskab A S raised its holdings in Brinker International, Inc. (NYSE:EAT - Free Report) by 617.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 111,414 shares of the restaurant operator's stock after acquiring an additional 95,895 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned about 0.25% of Brinker International worth $16,606,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Westfield Capital Management Co. LP boosted its holdings in shares of Brinker International by 102.0% in 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 buying an additional 502,897 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Brinker International by 3,277.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 987,334 shares of the restaurant operator's stock valued at $130,615,000 after acquiring an additional 958,101 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Brinker International by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 967,550 shares of the restaurant operator's stock worth $144,201,000 after purchasing an additional 46,896 shares during the period. Balyasny Asset Management L.P. bought a new position in Brinker International during the 4th quarter worth about $82,408,000. Finally, Fuller & Thaler Asset Management Inc. increased its holdings 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 worth $89,450,000 after purchasing an additional 132,000 shares in the last quarter.

Insider Buying and Selling at Brinker International

In related news, Director Harriet Edelman sold 8,325 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $157.00, for a total value of $1,307,025.00. Following the transaction, the director owned 28,905 shares in the company, valued at approximately $4,538,085. This trade represents a 22.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Michael Depinto sold 10,000 shares of the company's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $170.36, for a total value of $1,703,600.00. Following the sale, the director owned 99,297 shares of the company's stock, valued at $16,916,236.92. The trade was a 9.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.72% of the stock is owned by insiders.

Brinker International Stock Performance

Brinker International stock traded down $1.9220 during midday trading on Friday, reaching $150.2580. 1,155,786 shares of the company's stock were exchanged, compared to its average volume of 1,383,280. The stock's 50-day simple moving average is $165.92 and its 200 day simple moving average is $157.33. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 0.96 and a beta of 1.68. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.23 and a current ratio of 0.31. Brinker International, Inc. has a 52 week low of $68.45 and a 52 week high of $192.21.

Brinker International (NYSE:EAT - Get Free Report) last announced 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. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. Brinker International had a return on equity of 211.86% and a net margin of 7.12%.The company's quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 EPS. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. On average, analysts expect that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on EAT shares. Barclays increased their price objective on Brinker International from $166.00 to $170.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. UBS Group upped their price target on Brinker International from $155.00 to $165.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. raised their price target on shares of Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Bank of America lifted their price objective on shares of Brinker International from $186.00 to $190.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. Finally, Stifel Nicolaus boosted 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 equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, Brinker International currently has a consensus rating of "Hold" and an average price target of $171.41.

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.