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 holdings 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 quarter.

Several other institutional investors also recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its holdings 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 buying an additional 161 shares during the period. Financial Management Professionals Inc. bought a new stake in Brinker International during the first quarter valued at about $30,000. National Bank of Canada FI boosted its position 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 valued at $38,000 after purchasing an additional 175 shares in the last quarter. Continuum Advisory LLC grew its stake in 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 last quarter. Finally, Virtus Advisers LLC bought a new position in Brinker International in the first quarter worth about $54,000.

Insiders Place Their Bets

In other Brinker International news, COO Douglas N. Comings sold 16,000 shares of the stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $156.48, for a total transaction of $2,503,680.00. Following the transaction, the chief operating officer directly owned 12,951 shares of the company's stock, valued at $2,026,572.48. This trade represents a 55.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Harriet Edelman sold 8,325 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $157.00, for a total transaction of $1,307,025.00. Following the sale, the director directly owned 28,905 shares of the company's stock, valued at $4,538,085. This represents a 22.36% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 68,325 shares of company stock worth $10,754,785. Company insiders own 1.72% of the company's stock.

Brinker International Stock Performance

NYSE EAT traded up $1.79 during mid-day trading on Monday, reaching $138.14. 1,148,158 shares of the stock were exchanged, compared to its average volume of 1,467,393. 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, Inc. has a 1 year low of $74.73 and a 1 year high of $192.21. The business's 50 day moving average is $156.23 and its 200-day moving average is $156.28. The company has a market capitalization of $6.15 billion, a P/E ratio of 16.62, a P/E/G ratio of 0.87 and a beta of 1.43.

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

Analyst Ratings Changes

A number of research firms have recently weighed in on EAT. Stifel Nicolaus raised their price target on shares of Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Bank of America raised their target price on shares of Brinker International from $186.00 to $190.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Piper Sandler lifted their price target on shares of Brinker International from $155.00 to $168.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Wall Street Zen lowered Brinker International from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Finally, JPMorgan Chase & Co. raised their price objective on Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Six investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $173.18.

Brinker International Company 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.