Trexquant Investment LP Sells 26,940 Shares of Brinker International, Inc. $EAT

Key Points

• Trexquant Investment LP reduced its holdings in Brinker International by 26.9%, owning 73,352 shares after selling 26,940 shares during the first quarter.
• Analysts have recently increased their price targets for Brinker International, with Bank of America raising theirs from $186 to $190, while UBS Group lifted theirs from $155 to $165.
• Brinker International reported an EPS of $2.49 for the last quarter, exceeding estimates of $2.47, alongside a revenue increase of 21.0% year-over-year.

Trexquant Investment LP decreased its holdings in Brinker International, Inc. (NYSE:EAT - Free Report) by 26.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 73,352 shares of the restaurant operator's stock after selling 26,940 shares during the period. Trexquant Investment LP owned about 0.17% of Brinker International worth $10,933,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in EAT. Mackenzie Financial Corp increased its holdings in shares of Brinker International by 4.2% during the 1st quarter. Mackenzie Financial Corp now owns 2,933 shares of the restaurant operator's stock worth $437,000 after acquiring an additional 119 shares during the last quarter. Farther Finance Advisors LLC boosted its position 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 purchasing an additional 161 shares during the period. National Bank of Canada FI increased its holdings 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 last quarter. Financial Management Professionals Inc. acquired a new position in shares of Brinker International in the first quarter valued at $30,000. Finally, Highview Capital Management LLC DE raised its position in shares of Brinker International by 1.6% in the fourth quarter. Highview Capital Management LLC DE now owns 13,557 shares of the restaurant operator's stock valued at $1,793,000 after purchasing an additional 218 shares during the period.

Brinker International Price Performance

Shares of EAT traded up $0.36 during trading hours on Monday, hitting $155.89. 920,262 shares of the company were exchanged, compared to its average volume of 1,358,117. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 0.99 and a beta of 1.43. Brinker International, Inc. has a fifty-two week low of $68.45 and a fifty-two week high of $192.21. The company has a quick ratio of 0.25, a current ratio of 0.31 and a debt-to-equity ratio of 1.15. The firm's fifty day moving average is $163.18 and its 200 day moving average is $156.60.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $0.02. The business had revenue of $1.46 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.61 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. On average, equities analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

EAT has been the subject of several research analyst reports. BMO Capital Markets lifted their target price on shares of Brinker International from $150.00 to $170.00 and gave the stock a "market perform" rating in a report on Thursday, August 14th. Evercore ISI boosted their price objective on Brinker International from $180.00 to $190.00 and gave the stock an "in-line" rating in a report on Thursday, August 14th. UBS Group upped their target price on Brinker International from $155.00 to $165.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. Morgan Stanley lifted their price target on Brinker International from $149.00 to $161.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. Finally, Barclays boosted their price target on Brinker International from $166.00 to $170.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. Four equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $171.41.

Insider Buying and Selling

In other news, CEO Kevin Hochman sold 44,000 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $157.82, for a total value of $6,944,080.00. Following the completion of the transaction, the chief executive officer directly owned 212,867 shares in the company, valued at approximately $33,594,669.94. This represents a 17.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harriet Edelman sold 8,325 shares of the business's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $157.00, for a total value of $1,307,025.00. Following the sale, the director owned 28,905 shares in the company, valued at $4,538,085. This represents a 22.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 62,325 shares of company stock worth $9,954,705 in the last ninety days. 1.72% of the stock is owned by insiders.

About Brinker International

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.