Brinker International, Inc. $EAT Stake Lifted by Hennessy Advisors Inc.

Key Points

• Hennessy Advisors Inc. increased its stake in Brinker International by 2.4%, holding 577,600 shares, which makes it the firm's largest position.
• Brinker International recently reported a quarterly earnings per share of $2.49, surpassing estimates and showing a revenue increase of 21.0% year-over-year.
• Several analysts have adjusted their ratings and price targets for Brinker International, with a consensus target price of $171.53 and most analysts rating it as "Hold."

Hennessy Advisors Inc. boosted its position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 2.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 577,600 shares of the restaurant operator's stock after purchasing an additional 13,700 shares during the quarter. Brinker International comprises about 3.5% of Hennessy Advisors Inc.'s portfolio, making the stock its biggest position. Hennessy Advisors Inc. owned 1.30% of Brinker International worth $104,159,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new position in Brinker International during the 2nd quarter worth $49,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Brinker International in the 2nd quarter valued at $178,000. USA Financial Formulas purchased a new position in shares of Brinker International in the 2nd quarter valued at $89,000. Trivium Point Advisory LLC increased its holdings in shares of Brinker International by 33.5% in the 2nd quarter. Trivium Point Advisory LLC now owns 3,567 shares of the restaurant operator's stock valued at $643,000 after acquiring an additional 896 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Brinker International by 8.4% in the 2nd quarter. Janney Montgomery Scott LLC now owns 25,817 shares of the restaurant operator's stock valued at $4,656,000 after acquiring an additional 2,011 shares during the period.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Barclays lifted their price target on Brinker International from $166.00 to $170.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. Wells Fargo & Company upgraded Brinker International from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $165.00 to $175.00 in a report on Monday, September 22nd. Weiss Ratings reiterated a "buy (b)" rating on shares of Brinker International in a report on Saturday, September 27th. The Goldman Sachs Group cut their price target on Brinker International from $207.00 to $180.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Morgan Stanley lifted their price target on Brinker International from $149.00 to $161.00 and gave the company an "equal weight" rating in a report on Thursday, August 14th. Seven equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $171.53.

Brinker International Stock Down 0.7%

Brinker International stock opened at $126.81 on Friday. 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 business's 50-day simple moving average is $150.33 and its two-hundred day simple moving average is $155.50. The company has a market cap of $5.64 billion, a PE ratio of 15.26, a PEG ratio of 0.81 and a beta of 1.38. Brinker International, Inc. has a fifty-two week low of $80.44 and a fifty-two week high of $192.21.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly 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 business 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%.The company's quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.61 EPS. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Equities analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current year.

Insider Buying and Selling at Brinker International

In other news, 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 value of $1,307,025.00. Following the completion of the transaction, the director owned 28,905 shares of the company's stock, valued at $4,538,085. The trade was a 22.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kevin Hochman sold 44,000 shares of the business's stock in a transaction dated Wednesday, August 27th. The shares were 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 of the company's stock, valued at approximately $33,594,669.94. This trade represents a 17.13% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 68,325 shares of company stock worth $10,754,785. 1.72% of the stock is currently owned by insiders.

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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