Caxton Associates LLP Invests $3.25 Million in Brinker International, Inc. $EAT

Key Points

• Caxton Associates LLP has invested approximately $3.25 million in Brinker International by acquiring 21,775 shares of the company during the first quarter.
• Multiple analysts have revised their target prices for Brinker International, with Stifel Nicolaus setting a target of $215.00 and maintaining a "buy" rating.
• Brinker International reported an EPS of $2.49 that surpassed expectations, contributing to a 21% year-over-year revenue increase for the quarter with total revenue of $1.46 billion.

Caxton Associates LLP purchased a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 21,775 shares of the restaurant operator's stock, valued at approximately $3,246,000.

A number of other large investors have also modified their holdings of the business. Farther Finance Advisors LLC raised its holdings in shares of Brinker International by 575.0% in the first quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock worth $29,000 after buying an additional 161 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Brinker International in the first quarter worth $30,000. National Bank of Canada FI raised its holdings in shares of Brinker International by 227.3% in the first quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator's stock worth $38,000 after buying an additional 175 shares during the last quarter. Continuum Advisory LLC raised its holdings in shares of Brinker International by 1,714.3% in the first quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock worth $38,000 after buying an additional 240 shares during the last quarter. Finally, Virtus Advisers LLC purchased a new position in shares of Brinker International in the first quarter worth $54,000.

Wall Street Analyst Weigh In

A number of research firms recently commented on EAT. UBS Group lifted their target price on Brinker International from $155.00 to $165.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. JPMorgan Chase & Co. lifted their target price on Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. BMO Capital Markets lifted their target price on Brinker International from $150.00 to $170.00 and gave the stock a "market perform" rating in a report on Thursday, August 14th. Bank of America lifted their target price on Brinker International from $186.00 to $190.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Finally, Stifel Nicolaus lifted their target price on Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Five analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $172.59.

Insider Buying and Selling at Brinker International

In related news, Director Harriet Edelman sold 8,325 shares of the business's stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed 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 stock was sold at an average price of $157.82, for a total transaction of $6,944,080.00. Following the transaction, the chief executive officer owned 212,867 shares in the company, 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. 1.72% of the stock is currently owned by corporate insiders.

Brinker International Stock Down 1.0%

EAT opened at $158.24 on Monday. Brinker International, Inc. has a fifty-two week low of $68.45 and a fifty-two week high of $192.21. 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 company has a fifty day moving average of $161.48 and a two-hundred day moving average of $156.54. The stock has a market capitalization of $7.04 billion, a price-to-earnings ratio of 19.04, a PEG ratio of 1.01 and a beta of 1.43.

Brinker International (NYSE:EAT - Get Free Report) last announced its earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share 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 return on equity of 211.86% and a net margin of 7.12%.The business's quarterly revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.61 EPS. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. On average, research analysts expect 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.

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