Capital CS Group LLC Purchases 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 stake in Brinker International, Inc. (NYSE:EAT - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,305 shares of the restaurant operator's stock, valued at approximately $416,000. Brinker International accounts for approximately 0.7% of Capital CS Group LLC's portfolio, making the stock its 29th biggest position.

Several other hedge funds have also recently bought and sold shares of EAT. Farther Finance Advisors LLC raised its holdings in shares of Brinker International by 575.0% in the 1st 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. Financial Management Professionals Inc. bought a new position in shares of Brinker International in the first quarter worth about $30,000. National Bank of Canada FI boosted its stake in Brinker International by 227.3% in the 1st quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator's stock valued at $38,000 after buying an additional 175 shares in the last quarter. Continuum Advisory LLC lifted its holdings in Brinker International by 1,714.3% during the 1st quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock worth $38,000 after buying an additional 240 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new stake in Brinker International in the first quarter worth $54,000.

Insiders Place Their Bets

In related news, COO Douglas N. Comings sold 16,000 shares of Brinker International stock in a transaction 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 $2,026,572.48. This trade represents a 55.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Kevin Hochman sold 44,000 shares of the company's stock in a transaction 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 transaction, the chief executive officer directly owned 212,867 shares in the company, valued at $33,594,669.94. This trade represents a 17.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 68,325 shares of company stock worth $10,754,785 in the last quarter. 1.72% of the stock is owned by corporate insiders.

Brinker International Stock Up 1.6%

NYSE EAT traded up $2.17 during trading on Monday, hitting $138.52. The company's stock had a trading volume of 1,655,299 shares, compared to its average volume of 1,239,598. The company has a market cap of $6.16 billion, a PE ratio of 16.67, a P/E/G ratio of 0.87 and a beta of 1.43. Brinker International, Inc. has a fifty-two week low of $74.73 and a fifty-two week high of $192.21. The business's 50 day simple moving average is $155.69 and its 200-day simple moving average is $156.26. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.31 and a quick ratio of 0.25.

Brinker International (NYSE:EAT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, topping analysts' consensus estimates of $2.47 by $0.02. Brinker International had a return on equity of 211.86% and a net margin of 7.12%.The firm had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the business posted $1.61 earnings per share. The firm's revenue was up 21.0% compared to the same quarter last year. 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 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EAT has been the subject of a number of research analyst reports. UBS Group boosted their price objective on Brinker International from $155.00 to $165.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Barclays upped their price target on shares of Brinker International from $166.00 to $170.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. Piper Sandler boosted their price objective on Brinker International from $155.00 to $168.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. Wall Street Zen downgraded shares of Brinker International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Wells Fargo & Company upgraded shares of Brinker International from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $165.00 to $175.00 in a research note on Monday. Six equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Brinker International presently has an average rating of "Hold" and an average target price of $173.18.

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.