Diversified Trust Co Takes $1.67 Million Position in Brinker International, Inc. $EAT

Key Points

• Diversified Trust Co has invested approximately $1.67 million in Brinker International, acquiring 9,239 shares during the second quarter.
• Brinker International reported earnings of $2.49 per share in its latest quarter, exceeding analyst expectations and showing a 21% year-over-year revenue increase to $1.46 billion.
• Several investment firms have increased their holdings in Brinker International, reflecting growing confidence in the company's performance, with a consensus price target raised to $172.59.

Diversified Trust Co purchased a new stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 9,239 shares of the restaurant operator's stock, valued at approximately $1,666,000.

Other large investors also recently bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Brinker International during the 2nd quarter valued at $3,327,000. Radnor Capital Management LLC grew its stake in shares of Brinker International by 7.5% during the second quarter. Radnor Capital Management LLC now owns 2,850 shares of the restaurant operator's stock worth $514,000 after acquiring an additional 200 shares during the last quarter. Sunpointe LLC acquired a new position in shares of Brinker International during the second quarter valued at about $409,000. Reyes Financial Architecture Inc. acquired a new position in shares of Brinker International in the 2nd quarter valued at $110,000. Finally, Range Financial Group LLC increased its position in shares of Brinker International by 2.2% in the 2nd quarter. Range Financial Group LLC now owns 7,103 shares of the restaurant operator's stock valued at $1,281,000 after acquiring an additional 151 shares during the period.

Brinker International Trading Up 1.6%

Shares of NYSE:EAT traded up $2.17 during mid-day trading on Monday, reaching $138.52. 1,655,299 shares of the company were exchanged, compared to its average volume of 1,239,598. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.31 and a quick ratio of 0.25. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 0.87 and a beta of 1.43. The firm's 50-day simple moving average is $155.69 and its 200 day simple moving average is $156.26. Brinker International, Inc. has a 1 year low of $74.73 and a 1 year high of $192.21.

Brinker International (NYSE:EAT - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, topping the consensus estimate of $2.47 by $0.02. Brinker International had a return on equity of 211.86% and a net margin of 7.12%.The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the company 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. Equities research analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on EAT shares. Piper Sandler lifted their price target on Brinker International from $155.00 to $168.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. Morgan Stanley upped their price target on Brinker International from $149.00 to $161.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. Stifel Nicolaus boosted their price objective on Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. JPMorgan Chase & Co. boosted their price objective on Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a research report on Wednesday, June 25th. Finally, Barclays boosted their price objective on Brinker International from $166.00 to $170.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. Six analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $173.18.

Insider Transactions at Brinker International

In other 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 $4,538,085. The trade was a 22.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Douglas N. Comings sold 16,000 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $156.48, for a total transaction of $2,503,680.00. Following the transaction, the chief operating officer owned 12,951 shares in the company, valued at approximately $2,026,572.48. This trade represents a 55.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,325 shares of company stock worth $10,754,785. Company insiders own 1.72% of the company's stock.

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.