BlackRock Inc. Increases Holdings in Brinker International, Inc. $EAT

BlackRock Inc. grew its position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 2.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,729,477 shares of the restaurant operator's stock after buying an additional 145,525 shares during the quarter. BlackRock Inc. owned 15.69% of Brinker International worth $1,130,552,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in Brinker International in the 3rd quarter worth about $25,000. Transamerica Financial Advisors LLC grew its stake in shares of Brinker International by 570.4% during the 4th quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator's stock valued at $26,000 after purchasing an additional 154 shares during the period. Allworth Financial LP raised its position in Brinker International by 58.5% in the third quarter. Allworth Financial LP now owns 225 shares of the restaurant operator's stock worth $28,000 after acquiring an additional 83 shares during the period. Global Retirement Partners LLC increased its stake in shares of Brinker International by 1,233.3% in the 4th quarter. Global Retirement Partners LLC now owns 360 shares of the restaurant operator's stock worth $52,000 after purchasing an additional 333 shares in the last quarter. Finally, CoreCap Advisors LLC raised its holdings in Brinker International by 33,000.0% in the 2nd quarter. CoreCap Advisors LLC now owns 331 shares of the restaurant operator's stock worth $56,000 after purchasing an additional 330 shares during the period.

Analysts Set New Price Targets

Several research analysts have recently commented on EAT shares. BMO Capital Markets raised their price objective on Brinker International from $175.00 to $230.00 and gave the stock a "market perform" rating in a research note on Thursday, August 13th. Piper Sandler lifted their price target on shares of Brinker International from $166.00 to $240.00 and gave the company a "neutral" rating in a report on Monday, August 17th. Northcoast Research cut shares of Brinker International from a "buy" rating to a "neutral" rating in a research note on Friday, August 14th. Wells Fargo & Company raised their price objective on shares of Brinker International from $220.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, August 13th. Finally, Barclays increased their price target on Brinker International from $170.00 to $175.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 30th. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $238.05.

Brinker International Price Performance

Shares of EAT stock opened at $246.06 on Friday. The company has a market capitalization of $10.28 billion, a P/E ratio of 22.60, a P/E/G ratio of 1.20 and a beta of 1.24. The company's 50-day simple moving average is $195.50 and its two-hundred day simple moving average is $163.52. Brinker International, Inc. has a one year low of $100.30 and a one year high of $253.71. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.45 and a quick ratio of 0.35.

Brinker International (NYSE:EAT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The firm had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter in the previous year, the firm posted $2.30 EPS. The firm's revenue for the quarter was up 5.1% on a year-over-year basis. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. As a group, equities analysts anticipate that Brinker International, Inc. will post 13.24 EPS for the current year.

Insider Transactions at Brinker International

In other news, SVP Daniel S. Fuller sold 9,960 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $243.43, for a total transaction of $2,424,562.80. Following the sale, the senior vice president directly owned 32,086 shares of the company's stock, valued at $7,810,694.98. The trade was a 23.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Aaron M. White sold 16,220 shares of the company's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $236.22, for a total value of $3,831,488.40. Following the completion of the transaction, the executive vice president directly owned 42,756 shares in the company, valued at approximately $10,099,822.32. The trade was a 27.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 133,105 shares of company stock worth $32,070,729 over the last ninety days. 1.43% of the stock is currently owned by insiders.

Brinker International Company Profile

Brinker International, Inc NYSE: EAT is a leading global operator of casual dining restaurants. The company's portfolio is anchored by its flagship Chili's® Grill & Bar concept and Maggiano's® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili's brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.

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