BW Gestao de Investimentos Ltda. Purchases Shares of 15,200 Brinker International, Inc. $EAT

Key Points

• BW Gestao de Investimentos Ltda. has invested approximately $2.27 million in Brinker International, acquiring 15,200 shares in the first quarter.
• Brinker International's stock has recently seen insider selling, including a notable sale by Director Harriet Edelman of 8,325 shares valued at over $1.3 million.
• Analysts have raised their price targets for Brinker International, with a consensus average target now at $171.41, indicating continued confidence in the company's performance.

BW Gestao de Investimentos Ltda. bought a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,200 shares of the restaurant operator's stock, valued at approximately $2,266,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Farther Finance Advisors LLC lifted 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 acquiring an additional 161 shares during the last quarter. Financial Management Professionals Inc. bought a new position in shares of Brinker International during the first quarter worth approximately $30,000. Continuum Advisory LLC increased its stake in shares of Brinker International by 1,714.3% during the first quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock worth $38,000 after purchasing an additional 240 shares during the period. National Bank of Canada FI lifted its holdings in Brinker International by 227.3% during the 1st quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator's stock worth $38,000 after purchasing an additional 175 shares during the last quarter. Finally, Virtus Advisers LLC bought a new stake in Brinker International in the 1st quarter valued at $54,000.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Stifel Nicolaus increased their price objective on Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Bank of America upped their price target 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. Barclays lifted their price objective on shares of Brinker International from $166.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. UBS Group boosted their price objective on shares of Brinker International from $155.00 to $165.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. Finally, JPMorgan Chase & Co. raised their target price on shares of Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, Brinker International presently has a consensus rating of "Hold" and an average target price of $172.59.

Insider Activity at Brinker International

In related news, Director Harriet Edelman sold 8,325 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $157.00, for a total transaction of $1,307,025.00. Following the completion of the transaction, the director directly owned 28,905 shares in the company, valued at $4,538,085. This represents a 22.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin Hochman sold 44,000 shares of the firm's stock in a transaction that occurred on 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 owned 212,867 shares in the company, valued at $33,594,669.94. This represents a 17.13% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.72% of the company's stock.

Brinker International Price Performance

Shares of Brinker International stock traded down $1.64 during trading on Friday, reaching $158.24. 1,098,833 shares of the company's stock were exchanged, compared to its average volume of 1,416,873. 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 $68.45 and a 1-year high of $192.21. The company has a market cap of $7.04 billion, a P/E ratio of 19.04, a PEG ratio of 1.02 and a beta of 1.43. The firm's 50-day moving average price is $161.48 and its 200 day moving average price is $156.56.

Brinker International (NYSE:EAT - Get Free Report) last released its quarterly earnings data 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 analyst estimates 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 was up 21.0% compared to the same quarter last year. During the same period last year, the firm posted $1.61 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, research analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current year.

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.