Brinker International, Inc. $EAT Holdings Decreased by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd has reduced its stake in Brinker International by 36.9%, owning 3,779 shares valued at approximately $681,000.
• Brinker International reported a 21.0% year-over-year increase in revenue for the last quarter, with earnings per share beating estimates at $2.49.
• Several analysts have adjusted their ratings on Brinker International, with BMO Capital Markets raising the price target from $150.00 to $170.00 while maintaining a "market perform" rating.

Bayforest Capital Ltd reduced its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 36.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,779 shares of the restaurant operator's stock after selling 2,212 shares during the quarter. Bayforest Capital Ltd's holdings in Brinker International were worth $681,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Sequoia Financial Advisors LLC purchased a new position in Brinker International in the 1st quarter worth about $206,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in Brinker International in the 1st quarter worth about $492,000. Robeco Institutional Asset Management B.V. acquired a new stake in Brinker International during the 1st quarter worth about $565,000. Teacher Retirement System of Texas boosted its position in Brinker International by 72.9% during the 1st quarter. Teacher Retirement System of Texas now owns 55,885 shares of the restaurant operator's stock worth $8,330,000 after acquiring an additional 23,554 shares during the period. Finally, GAMMA Investing LLC boosted its position in Brinker International by 153.4% during the 1st quarter. GAMMA Investing LLC now owns 783 shares of the restaurant operator's stock worth $117,000 after acquiring an additional 474 shares during the period.

Brinker International Stock Up 3.0%

Shares of EAT stock opened at $128.61 on Tuesday. The stock has a 50 day moving average of $146.27 and a 200-day moving average of $154.54. The company has a quick ratio of 0.25, a current ratio of 0.31 and a debt-to-equity ratio of 1.15. The firm has a market cap of $5.71 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 0.82 and a beta of 1.38. Brinker International, Inc. has a 12 month low of $83.61 and a 12 month 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 firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. Brinker International had a net margin of 7.12% and a return on equity of 211.86%. The business's revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 EPS. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. On average, equities analysts predict that Brinker International, Inc. will post 8.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EAT shares. Jefferies Financial Group decreased their price objective on Brinker International from $175.00 to $144.00 and set a "hold" rating for the company in a research report on Monday. Morgan Stanley lifted their price target on Brinker International from $149.00 to $161.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. BMO Capital Markets raised their price objective 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. Wall Street Zen lowered shares of Brinker International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Brinker International in a report on Wednesday, October 8th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $169.83.

Insider Buying and Selling at Brinker International

In other Brinker International news, Director Harriet Edelman sold 8,325 shares of the company'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 sale, the director directly owned 28,905 shares in the company, valued at $4,538,085. This represents a 22.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Kevin Hochman sold 44,000 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $157.82, for a total value of $6,944,080.00. Following the completion of the sale, the chief executive officer owned 212,867 shares in the company, 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 have sold 68,325 shares of company stock valued at $10,754,785 in the last 90 days. 1.43% of the stock is currently owned by company insiders.

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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