Capital CS Group LLC Buys Shares of 2,305 Brinker International, Inc. $EAT

Key Points

• Capital CS Group LLC has acquired a new stake in Brinker International, Inc., purchasing 2,305 shares valued at approximately $416,000.
• A notable increase in holdings was observed from several institutional investors, with Farther Finance Advisors LLC expanding their investment by 575.0% during the 1st quarter.
• Analysts have raised Brinker International's price targets, with UBS Group and Wells Fargo increasing their targets to $165.00, while BMO Capital Markets set a target of $170.00.

Capital CS Group LLC bought a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,305 shares of the restaurant operator's stock, valued at approximately $416,000. Brinker International makes up about 0.7% of Capital CS Group LLC's portfolio, making the stock its 29th biggest position.

A number of other institutional investors and hedge funds have also recently made changes to their positions in EAT. Farther Finance Advisors LLC grew its holdings in shares of Brinker International by 575.0% during the 1st quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 161 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Brinker International during the 1st quarter valued at $30,000. Continuum Advisory LLC boosted its holdings in shares of Brinker International by 1,714.3% during the 1st quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock valued at $38,000 after acquiring an additional 240 shares in the last quarter. National Bank of Canada FI grew its position 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 acquiring an additional 175 shares during the last quarter. Finally, Virtus Advisers LLC acquired a new position in Brinker International in the 1st quarter worth about $54,000.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group lifted their price target on Brinker International from $155.00 to $165.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Wells Fargo & Company lifted their target price on shares of Brinker International from $150.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. BMO Capital Markets boosted 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. Piper Sandler raised their price target on shares of Brinker International from $155.00 to $168.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Finally, Stifel Nicolaus lifted their price target on shares of Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Five research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $172.59.

Insider Buying and Selling

In other news, COO Douglas N. Comings sold 16,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $156.48, for a total value of $2,503,680.00. Following the transaction, the chief operating officer owned 12,951 shares in the company, valued at approximately $2,026,572.48. This trade represents a 55.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harriet Edelman sold 8,325 shares of Brinker International stock in a transaction 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 completion of the transaction, the director directly owned 28,905 shares in the company, valued at approximately $4,538,085. The trade was a 22.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 68,325 shares of company stock worth $10,754,785 in the last ninety days. 1.72% of the stock is owned by insiders.

Brinker International Price Performance

Shares of NYSE:EAT opened at $136.04 on Monday. 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 stock has a market cap of $6.05 billion, a PE ratio of 16.37, a PEG ratio of 0.87 and a beta of 1.43. The company's fifty day moving average is $156.23 and its 200 day moving average is $156.28. Brinker International, Inc. has a 52 week low of $74.73 and a 52 week high of $192.21.

Brinker International (NYSE:EAT - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.42 billion. Brinker International had a return on equity of 211.86% and a net margin of 7.12%.The company's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period last year, the firm earned $1.61 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Research analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current year.

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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