Brinker International, Inc. $EAT Shares Sold by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D reduced its holdings in Brinker International, Inc. by 12.2%, ending the most recent quarter with 15,650 shares valued at approximately $2.33 million.
• Brinker International reported earnings of $2.49 per share, exceeding analyst expectations and showing revenue growth of 21.0% year-over-year.
• Analysts have raised their price targets for Brinker International, with current average forecasts now around $171.41, reflecting a consensus rating of "Hold."

State of New Jersey Common Pension Fund D decreased its holdings in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 12.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,650 shares of the restaurant operator's stock after selling 2,177 shares during the period. State of New Jersey Common Pension Fund D's holdings in Brinker International were worth $2,333,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Westfield Capital Management Co. LP boosted its stake in shares of Brinker International by 102.0% during the first quarter. Westfield Capital Management Co. LP now owns 995,713 shares of the restaurant operator's stock worth $148,411,000 after buying an additional 502,897 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in Brinker International by 3,277.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 987,334 shares of the restaurant operator's stock worth $130,615,000 after purchasing an additional 958,101 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Brinker International by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 967,550 shares of the restaurant operator's stock worth $144,201,000 after purchasing an additional 46,896 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in Brinker International during the fourth quarter worth about $82,408,000. Finally, Northern Trust Corp raised its holdings in Brinker International by 10.2% during the fourth quarter. Northern Trust Corp now owns 512,613 shares of the restaurant operator's stock worth $67,814,000 after purchasing an additional 47,378 shares in the last quarter.

Brinker International Trading Down 0.2%

Shares of Brinker International stock opened at $152.3540 on Friday. Brinker International, Inc. has a 12-month low of $68.35 and a 12-month high of $192.21. The company has a current ratio of 0.31, a quick ratio of 0.23 and a debt-to-equity ratio of 1.15. The stock has a market cap of $6.78 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 0.97 and a beta of 1.68. The company has a 50-day moving average of $166.39 and a two-hundred day moving average of $157.59.

Brinker International (NYSE:EAT - Get Free Report) last issued its earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share (EPS) 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 company had revenue of $1.46 billion during the quarter, compared to analysts' expectations of $1.42 billion. During the same period last year, the company posted $1.61 earnings per share. The firm'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 anticipate that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Joseph Michael Depinto sold 10,000 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 99,297 shares of the company's stock, valued at $16,916,236.92. This trade represents a 9.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Harriet Edelman sold 8,325 shares of the firm's stock in a transaction that occurred on 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 transaction, the director directly owned 28,905 shares of the company's stock, valued at approximately $4,538,085. This trade represents a 22.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Evercore ISI increased their price target on shares of Brinker International from $180.00 to $190.00 and gave the stock an "in-line" rating in a report on Thursday, August 14th. Barclays increased their price target on shares of Brinker International from $166.00 to $170.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. Piper Sandler increased 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. Wells Fargo & Company increased their price target on shares of Brinker International from $150.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Finally, Bank of America increased their price target on shares of Brinker International from $186.00 to $190.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Four analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $171.41.

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.

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