Brinker International, Inc. $EAT is Landscape Capital Management L.L.C.'s 9th Largest Position

Key Points

• Landscape Capital Management L.L.C. has reduced its stake in Brinker International by 15.4% during the first quarter, now holding around 0.8% of the company's shares.
• Brinker International reported earnings per share of $2.49, beating estimates, with revenues up 21.0% year-over-year at $1.46 billion.
• Multiple analysts have raised their target prices for Brinker International, with Evercore ISI increasing it from $180 to $190, reflecting positive market sentiment.

Landscape Capital Management L.L.C. cut its position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 15.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,313 shares of the restaurant operator's stock after selling 11,322 shares during the quarter. Brinker International comprises about 0.8% of Landscape Capital Management L.L.C.'s holdings, making the stock its 9th largest position. Landscape Capital Management L.L.C. owned 0.14% of Brinker International worth $9,288,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of EAT. AdvisorShares Investments LLC boosted its stake in Brinker International by 4.4% during the fourth quarter. AdvisorShares Investments LLC now owns 2,131 shares of the restaurant operator's stock worth $282,000 after acquiring an additional 89 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Brinker International by 4.2% during the first quarter. Mackenzie Financial Corp now owns 2,933 shares of the restaurant operator's stock worth $437,000 after acquiring an additional 119 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Brinker International by 575.0% during the first quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 161 shares in the last quarter. National Bank of Canada FI boosted its stake in Brinker International by 227.3% during the first quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator's stock worth $38,000 after acquiring an additional 175 shares in the last quarter. Finally, Financial Management Professionals Inc. bought a new position in Brinker International during the first quarter worth $30,000.

Brinker International Stock Up 0.2%

Shares of Brinker International stock traded up $0.36 during trading hours on Friday, reaching $155.89. The company's stock had a trading volume of 920,262 shares, compared to its average volume of 1,384,903. Brinker International, Inc. has a one year low of $68.45 and a one year high of $192.21. The company has a market capitalization of $6.94 billion, a P/E ratio of 18.76, a P/E/G ratio of 0.99 and a beta of 1.68. The stock's fifty day simple moving average is $163.64 and its two-hundred day simple moving average is $156.65. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.25 and a current ratio of 0.31.

Brinker International (NYSE:EAT - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share for the quarter, beating analysts' consensus estimates of $2.47 by $0.02. Brinker International had a net margin of 7.12% and a return on equity of 211.86%. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the firm earned $1.61 earnings per share. The business's quarterly revenue was up 21.0% compared to the same quarter last year. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. On average, research analysts forecast that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Insider Activity at Brinker International

In related news, Director Harriet Edelman sold 8,325 shares of the firm's stock in a transaction dated 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 $4,538,085. This trade represents a 22.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Michael Depinto sold 10,000 shares of the firm's stock in a transaction dated 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 transaction, the director directly owned 99,297 shares in the company, 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. Insiders have sold 62,325 shares of company stock valued at $9,954,705 over the last ninety days. Corporate insiders own 1.72% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Bank of America increased their target price on shares of Brinker International from $186.00 to $190.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. Evercore ISI increased their target price on shares of Brinker International from $180.00 to $190.00 and gave the stock an "in-line" rating in a research note on Thursday, August 14th. UBS Group increased their target price on shares of Brinker International from $155.00 to $165.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. increased their target price 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. Finally, 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 note on Thursday, August 14th. Four investment analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $171.41.

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.