Canada Pension Plan Investment Board Cuts Stock Holdings in Brinker International, Inc. $EAT

Key Points

• The Canada Pension Plan Investment Board reduced its stake in Brinker International, Inc. by 45.3% during the first quarter, ending up with approximately 0.22% ownership of the company valued at $14.4 million.
• Several institutional investors, including Sequoia Financial Advisors and Range Financial Group, initiated new positions in Brinker International during the first quarter, indicating increased interest in the company.
• Brinker International recently beat earnings expectations with an EPS of $2.49 and set FY 2026 earnings guidance between $9.90 and $10.50.

Canada Pension Plan Investment Board lessened its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 45.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 96,400 shares of the restaurant operator's stock after selling 79,900 shares during the quarter. Canada Pension Plan Investment Board owned approximately 0.22% of Brinker International worth $14,368,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC purchased a new position in Brinker International during the first quarter valued at $206,000. Range Financial Group LLC purchased a new stake in shares of Brinker International in the 1st quarter worth $1,036,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Brinker International in the first quarter worth about $492,000. Robeco Institutional Asset Management B.V. bought a new stake in Brinker International during the 1st quarter worth approximately $565,000. Finally, Two Sigma Advisers LP purchased a new position in shares of Brinker International during the 4th quarter valued at $1,336,000.

Insiders Place Their Bets

In other news, Director Joseph Michael Depinto sold 10,000 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $170.36, for a total value of $1,703,600.00. Following the completion of the transaction, the director owned 99,297 shares of the company's stock, valued at $16,916,236.92. The trade was a 9.15% 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 that occurred on 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 $33,594,669.94. The trade was a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 62,325 shares of company stock valued at $9,954,705. 1.72% of the stock is owned by insiders.

Brinker International Stock Performance

EAT opened at $155.89 on Tuesday. The firm's 50-day moving average price is $163.18 and its 200-day moving average price is $156.60. The company has a market cap of $6.94 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 0.99 and a beta of 1.43. Brinker International, Inc. has a 52-week low of $68.45 and a 52-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.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, topping the consensus estimate 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 net margin of 7.12% and a return on equity of 211.86%. The business's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the previous 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, equities analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on EAT. Wells Fargo & Company boosted their price target on Brinker International from $150.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. UBS Group increased their price target 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. Piper Sandler lifted their price objective on shares of Brinker International from $155.00 to $168.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. JPMorgan Chase & Co. boosted their target price on Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a research report on Wednesday, June 25th. Finally, Barclays upped 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. Four research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, Brinker International presently has a consensus rating of "Hold" and a consensus target price of $171.41.

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.

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