Deutsche Bank AG Purchases 9,733 Shares of Brinker International, Inc. $EAT

Key Points

• Deutsche Bank increased its Brinker International stake by 18% in the second quarter, purchasing 9,733 additional shares and bringing its holdings to 63,795 shares valued at approximately $10.7 million.
• Analyst sentiment remains positive, with 16 Buy ratings and seven Holds, producing a consensus rating of “Moderate Buy” and an average price target of $238.05. Several firms recently raised their targets to between $260 and $275.
• Brinker reported quarterly revenue of $1.54 billion, up 5.1% year over year, though EPS of $3.07 narrowly missed estimates. Meanwhile, insiders sold 133,105 shares worth roughly $32.1 million over the past three months.

Deutsche Bank AG increased its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 18.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,795 shares of the restaurant operator's stock after purchasing an additional 9,733 shares during the period. Deutsche Bank AG owned approximately 0.15% of Brinker International worth $10,718,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of EAT. UBS Group AG raised its holdings in Brinker International by 103.2% in the fourth quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator's stock worth $427,066,000 after buying an additional 1,511,266 shares during the last quarter. Balyasny Asset Management L.P. grew its holdings in shares of Brinker International by 667.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator's stock valued at $163,938,000 after buying an additional 993,435 shares during the last quarter. Norges Bank purchased a new stake in shares of Brinker International during the fourth quarter valued at approximately $83,603,000. Capital World Investors increased its position 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 valued at $163,306,000 after acquiring an additional 558,799 shares in the last quarter. Finally, Samlyn Capital LLC increased its position 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 acquiring an additional 449,871 shares in the last quarter.

Analysts Set New Price Targets

Several research firms recently issued reports on EAT. Mizuho upped their price objective on Brinker International from $175.00 to $275.00 and gave the company an "outperform" rating in a research report on Thursday, August 13th. UBS Group lifted their target price on Brinker International from $190.00 to $260.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Northcoast Research lowered Brinker International from a "buy" rating to a "neutral" rating in a report on Friday, August 14th. DA Davidson boosted their price target on Brinker International from $160.00 to $260.00 and gave the stock a "neutral" rating in a research note on Thursday, August 13th. Finally, KeyCorp upped their price target on Brinker International from $204.00 to $275.00 and gave the company an "overweight" rating in a report on Thursday, August 13th. Sixteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $238.05.

Insider Activity

In related news, EVP George S. Felix sold 14,349 shares of Brinker International stock in a transaction on Friday, August 14th. The stock was sold at an average price of $237.47, for a total value of $3,407,457.03. Following the completion of the sale, the executive vice president owned 6,293 shares of the company's stock, valued at $1,494,398.71. The trade was a 69.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Daniel S. Fuller sold 9,960 shares of the company's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $243.43, for a total value of $2,424,562.80. Following the sale, the senior vice president owned 32,086 shares of the company's stock, valued at approximately $7,810,694.98. This trade represents a 23.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 133,105 shares of company stock worth $32,070,729. Insiders own 1.43% of the company's stock.

Brinker International Price Performance

EAT opened at $246.06 on Monday. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.95. The firm has a 50 day moving average price of $195.50 and a 200-day moving average price of $163.53. Brinker International, Inc. has a twelve month low of $100.30 and a twelve month high of $253.71. The stock has a market capitalization of $10.28 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 1.27 and a beta of 1.24.

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

Brinker International Company Profile

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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