Brinker International, Inc. $EAT Shares Sold by Junto Capital Management LP

Key Points

• Junto Capital Management cut its Brinker International stake by 26.4% in the second quarter, selling 63,497 shares and retaining 177,038 shares valued at approximately $29.7 million.
• Brinker insiders have also been net sellers, with executives selling 173,044 shares worth about $41.4 million over the past 90 days.
• Analysts remain broadly bullish, with 16 Buy ratings and seven Holds producing a “Moderate Buy” consensus and an average price target of $243.80, despite the stock trading down 3.2% and the latest quarterly EPS slightly missing estimates.

Junto Capital Management LP lowered its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 26.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,038 shares of the restaurant operator's stock after selling 63,497 shares during the period. Junto Capital Management LP owned about 0.42% of Brinker International worth $29,742,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of EAT. Allworth Financial LP boosted its holdings in Brinker International by 58.5% in the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator's stock worth $28,000 after buying an additional 83 shares during the last quarter. New Age Alpha Advisors LLC lifted its position in shares of Brinker International by 4.8% in the fourth quarter. New Age Alpha Advisors LLC now owns 2,047 shares of the restaurant operator's stock valued at $294,000 after acquiring an additional 94 shares in the last quarter. Smith Group Asset Management LLC lifted its position in shares of Brinker International by 0.5% in the second quarter. Smith Group Asset Management LLC now owns 20,669 shares of the restaurant operator's stock valued at $3,472,000 after acquiring an additional 104 shares in the last quarter. Aviva PLC boosted its stake in shares of Brinker International by 2.8% in the fourth quarter. Aviva PLC now owns 4,123 shares of the restaurant operator's stock worth $592,000 after acquiring an additional 112 shares during the last quarter. Finally, Maryland State Retirement & Pension System boosted its stake in shares of Brinker International by 1.9% in the fourth quarter. Maryland State Retirement & Pension System now owns 6,511 shares of the restaurant operator's stock worth $934,000 after acquiring an additional 121 shares during the last quarter.

Insiders Place Their Bets

In other news, SVP James Butler sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $240.37, for a total transaction of $2,403,700.00. Following the completion of the sale, the senior vice president owned 9,064 shares in the company, valued at $2,178,713.68. This trade represents a 52.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Daniel Fuller sold 1,909 shares of Brinker International stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $253.54, for a total transaction of $484,007.86. Following the sale, the senior vice president directly owned 30,177 shares in the company, valued at approximately $7,651,076.58. The trade was a 5.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 173,044 shares of company stock worth $41,425,632. 1.43% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on EAT shares. Wells Fargo & Company increased their price objective on Brinker International from $220.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, August 13th. Bank of America upped their target price on shares of Brinker International from $224.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, August 14th. Piper Sandler increased their target price on shares of Brinker International from $166.00 to $240.00 and gave the company a "neutral" rating in a research report on Monday, August 17th. Mizuho raised their price target on shares of Brinker International from $175.00 to $275.00 and gave the stock an "outperform" rating in a research note on Thursday, August 13th. Finally, Robert W. Baird started coverage on shares of Brinker International in a research report on Monday, August 24th. They set an "outperform" rating and a $325.00 price target on the stock. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $243.80.

Brinker International Stock Down 3.2%

Shares of NYSE:EAT opened at $215.31 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.95. The business has a fifty day moving average of $213.04 and a two-hundred day moving average of $169.96. The stock has a market cap of $8.99 billion, a P/E ratio of 19.77, a PEG ratio of 1.15 and a beta of 1.25. Brinker International, Inc. has a 52-week low of $100.30 and a 52-week high of $254.99.

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

Brinker International 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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