Brinker International, Inc. $EAT Shares Sold by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management cut its Brinker International stake by 28.1% in the second quarter, selling 36,220 shares and retaining 92,829 shares valued at approximately $15.6 million.
• Brinker reported quarterly revenue of $1.54 billion, up 5.1% year over year, but earnings of $3.07 per share narrowly missed estimates. The stock was trading at $222.92, down 3.2%, with a market capitalization of $9.31 billion.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $243.80, although insiders sold 173,044 shares worth $41.4 million over the past 90 days.

Allianz Asset Management GmbH reduced its position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 28.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,829 shares of the restaurant operator's stock after selling 36,220 shares during the quarter. Allianz Asset Management GmbH owned 0.22% of Brinker International worth $15,595,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Transamerica Financial Advisors LLC raised its holdings in Brinker International by 570.4% in the 4th quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 154 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Brinker International in the third quarter valued at about $25,000. Kilter Group LLC purchased a new stake in shares of Brinker International during the second quarter worth about $35,000. Allworth Financial LP increased its stake in shares of Brinker International by 58.5% during the third quarter. Allworth Financial LP now owns 225 shares of the restaurant operator's stock worth $28,000 after purchasing an additional 83 shares in the last quarter. Finally, CoreCap Advisors LLC boosted 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 buying an additional 330 shares during the last quarter.

Brinker International Trading Down 3.2%

NYSE EAT opened at $222.92 on Wednesday. The firm has a 50 day simple moving average of $212.18 and a 200-day simple moving average of $169.51. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.40 and a current ratio of 0.45. Brinker International, Inc. has a one year low of $100.30 and a one year high of $254.99. The firm has a market cap of $9.31 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 1.19 and a beta of 1.25.

Brinker International (NYSE:EAT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Equities research analysts anticipate that Brinker International, Inc. will post 13.22 EPS for the current fiscal year.

Insider Buying and Selling at Brinker International

In related news, Director Joseph DePinto sold 25,000 shares of the business's stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $230.39, for a total transaction of $5,759,750.00. Following the completion of the sale, the director owned 77,812 shares in the company, valued at $17,927,106.68. The trade was a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin Hochman sold 40,000 shares of the company's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $243.15, for a total value of $9,726,000.00. Following the completion of the transaction, the chief executive officer directly owned 144,090 shares of the company's stock, valued at $35,035,483.50. This trade represents a 21.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 173,044 shares of company stock worth $41,425,632. 1.43% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on EAT. KeyCorp upped their target price on Brinker International from $204.00 to $275.00 and gave the company an "overweight" rating in a report on Thursday, August 13th. DA Davidson raised their target price on Brinker International from $160.00 to $260.00 and gave the stock a "neutral" rating in a research note on Thursday, August 13th. Robert W. Baird started coverage on Brinker International in a report on Monday, August 24th. They set an "outperform" rating and a $325.00 price target on the stock. Mizuho boosted their price target on shares of Brinker International from $175.00 to $275.00 and gave the company an "outperform" rating in a research report on Thursday, August 13th. Finally, BMO Capital Markets upped their price objective on shares of Brinker International from $175.00 to $230.00 and gave the company a "market perform" rating in a report on Thursday, August 13th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $243.80.

About Brinker International

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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