Danske Bank A S Takes $716,000 Position in Brinker International, Inc. $EAT

Key Points

• Danske Bank acquired 4,261 Brinker International shares in the second quarter, valued at approximately $716,000, joining several institutional investors that recently increased their positions.
• Brinker shares traded at $246.06, up 5.6%, after the company reported quarterly revenue of $1.54 billion, up 5.1% year over year, though earnings of $3.07 per share narrowly missed estimates.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and price targets ranging from $175 to $300; however, insiders have sold more than $32 million of stock over the past 90 days.

Danske Bank A S acquired a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,261 shares of the restaurant operator's stock, valued at approximately $716,000.

A number of other institutional investors also recently bought and sold shares of the stock. UBS Group AG increased its stake in Brinker International by 103.2% during the 4th quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator's stock valued at $427,066,000 after purchasing an additional 1,511,266 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Brinker International by 667.5% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator's stock worth $163,938,000 after buying an additional 993,435 shares during the last quarter. Norges Bank acquired a new stake in shares of Brinker International during the fourth quarter worth $83,603,000. Capital World Investors lifted its stake in shares of Brinker International by 96.5% during the fourth quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator's stock worth $163,306,000 after buying an additional 558,799 shares during the period. Finally, Samlyn Capital LLC grew its holdings in shares of Brinker International by 104.9% during the third quarter. Samlyn Capital LLC now owns 878,584 shares of the restaurant operator's stock valued at $111,299,000 after buying an additional 449,871 shares during the last quarter.

Brinker International Trading Up 5.6%

NYSE EAT opened at $246.06 on Friday. The company has a market capitalization of $10.28 billion, a PE ratio of 22.60, a P/E/G ratio of 1.27 and a beta of 1.24. The company has a fifty day moving average of $195.50 and a 200 day moving average of $163.52. Brinker International, Inc. has a 1 year low of $100.30 and a 1 year high of $253.71. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.45 and a quick ratio of 0.35.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. Brinker International had a net margin of 8.39% and a return on equity of 122.35%. Brinker International's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.30 earnings per share. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Research analysts forecast that Brinker International, Inc. will post 13.24 earnings per share for the current year.

Insider Transactions at Brinker International

In related news, SVP Daniel S. Fuller sold 9,960 shares of Brinker International stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $243.43, for a total transaction of $2,424,562.80. Following the completion of the transaction, the senior vice president directly owned 32,086 shares in the company, valued at approximately $7,810,694.98. This trade represents a 23.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Kevin Hochman sold 40,000 shares of the business's stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $243.15, for a total value of $9,726,000.00. Following the completion of the transaction, the chief executive officer directly owned 144,090 shares of the company's stock, valued at $35,035,483.50. The trade was a 21.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 133,105 shares of company stock valued at $32,070,729. 1.43% of the stock is owned by insiders.

Analysts Set New Price Targets

EAT has been the topic of several research reports. Barclays upped their target price on Brinker International from $170.00 to $175.00 and gave the company an "equal weight" rating in a research report on Thursday, April 30th. DA Davidson boosted their price target on Brinker International from $160.00 to $260.00 and gave the company a "neutral" rating in a research note on Thursday, August 13th. UBS Group increased their price objective on Brinker International from $190.00 to $260.00 and gave the company a "buy" rating in a report on Monday, August 10th. TD Cowen raised their price objective on Brinker International from $210.00 to $270.00 and gave the stock a "buy" rating in a research note on Wednesday, August 12th. Finally, Stephens lifted their target price on Brinker International from $220.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, August 13th. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Brinker International has an average rating of "Moderate Buy" and a consensus target price of $238.05.

About Brinker International

Brinker International, Inc NYSE: EAT is a leading global operator of casual dining restaurants. The company's portfolio is anchored by its flagship Chili's® Grill & Bar concept and Maggiano's® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili's brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.

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