Brinker International, Inc. $EAT Shares Sold by NorthCrest Asset Manangement LLC

Key Points

• NorthCrest Asset Management LLC reduced its stake in Brinker International by 30.8%, selling 3,704 shares, bringing their total holdings to 8,334 shares worth $1.52 million.
• Brinker International reported earnings of $2.49 per share for the last quarter, exceeding expectations by $0.02, with a revenue of $1.46 billion.
• Analyst ratings for Brinker International are mixed, with five analysts rating it as "Buy" and twelve as "Hold," while the average price target stands at $172.59.

NorthCrest Asset Manangement LLC lessened its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 30.8% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 8,334 shares of the restaurant operator's stock after selling 3,704 shares during the period. NorthCrest Asset Manangement LLC's holdings in Brinker International were worth $1,523,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in shares of Brinker International by 575.0% in the 1st quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 161 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of Brinker International in the first quarter valued at about $30,000. National Bank of Canada FI lifted its stake in shares of Brinker International by 227.3% in the first quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator's stock valued at $38,000 after purchasing an additional 175 shares during the period. Continuum Advisory LLC lifted its stake in shares of Brinker International by 1,714.3% in the first quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock valued at $38,000 after purchasing an additional 240 shares during the period. Finally, Virtus Advisers LLC acquired a new stake in shares of Brinker International in the first quarter valued at about $54,000.

Wall Street Analyst Weigh In

Several brokerages recently commented on EAT. UBS Group raised their price objective on shares of Brinker International from $155.00 to $165.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Wall Street Zen cut shares of Brinker International from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. Piper Sandler raised their price objective on shares of Brinker International from $155.00 to $168.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Morgan Stanley raised their price objective on shares of Brinker International from $149.00 to $161.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Six investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $173.18.

Insider Transactions at Brinker International

In other news, CEO Kevin Hochman sold 44,000 shares of Brinker International stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $157.82, for a total transaction of $6,944,080.00. Following the completion of the sale, the chief executive officer directly owned 212,867 shares in the company, valued at $33,594,669.94. The trade was a 17.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Douglas N. Comings sold 16,000 shares of Brinker International stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $156.48, for a total transaction of $2,503,680.00. Following the sale, the chief operating officer owned 12,951 shares of the company's stock, valued at approximately $2,026,572.48. This trade represents a 55.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 68,325 shares of company stock worth $10,754,785 over the last ninety days. 1.72% of the stock is currently owned by corporate insiders.

Brinker International Price Performance

NYSE:EAT traded down $1.77 during mid-day trading on Tuesday, hitting $136.93. 262,083 shares of the company's stock traded hands, compared to its average volume of 1,463,466. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.25 and a current ratio of 0.31. The firm's 50 day simple moving average is $155.69 and its 200 day simple moving average is $156.26. Brinker International, Inc. has a 1 year low of $74.73 and a 1 year high of $192.21. The company has a market cap of $6.09 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43.

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

Brinker International Profile

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.