Comerica Bank Buys 112,916 Shares of Brinker International, Inc. $EAT

Key Points

• Comerica Bank increased its stake in Brinker International by 119.0% during Q1, acquiring an additional 112,916 shares, bringing its total ownership to 207,782 shares worth approximately $30.97 million.
• Brinker International recently reported earnings of $2.49 per share, which exceeded analysts' expectations, and its revenue grew by 21.0% year-over-year, reaching $1.46 billion.
• Several analysts have raised their price targets for Brinker International's stock, with Bank of America setting a new target of $190.00, indicating a cautious but optimistic outlook for the company's performance.

Comerica Bank boosted its holdings in Brinker International, Inc. (NYSE:EAT - Free Report) by 119.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 207,782 shares of the restaurant operator's stock after acquiring an additional 112,916 shares during the period. Comerica Bank owned 0.47% of Brinker International worth $30,970,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Coppell Advisory Solutions LLC bought a new stake in Brinker International in the 4th quarter valued at $26,000. Farther Finance Advisors LLC increased its position in Brinker International by 575.0% during the 1st 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 period. Financial Management Professionals Inc. bought a new position in Brinker International during the 1st quarter worth $30,000. Continuum Advisory LLC increased its position 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 during the period. Finally, National Bank of Canada FI increased 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 buying an additional 175 shares during the period.

Brinker International Stock Performance

NYSE:EAT opened at $150.2580 on Monday. The stock's 50-day simple moving average is $165.92 and its 200 day simple moving average is $156.95. The firm has a market capitalization of $6.69 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 0.95 and a beta of 1.68. 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, Inc. has a twelve month low of $68.45 and a twelve month high of $192.21.

Brinker International (NYSE:EAT - Get Free Report) last posted its earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, beating the consensus estimate of $2.47 by $0.02. The firm 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 last year, the company earned $1.61 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. On average, 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 topic of several recent research reports. Bank of America increased their price objective on Brinker International from $186.00 to $190.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Morgan Stanley increased their target price on Brinker International from $149.00 to $161.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. Wall Street Zen lowered Brinker International from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. JPMorgan Chase & Co. raised their price objective on Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Finally, Stifel Nicolaus raised their price objective on Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Four investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $171.41.

Insider Activity

In other Brinker International news, Director Joseph Michael Depinto sold 10,000 shares of the 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 directly owned 99,297 shares in the company, valued at approximately $16,916,236.92. This trade represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Harriet Edelman sold 8,325 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $157.00, for a total value of $1,307,025.00. Following the completion of the transaction, the director owned 28,905 shares of the company's stock, valued at $4,538,085. This represents a 22.36% 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 company insiders.

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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