Empowered Funds LLC Sells 12,058 Shares of Brinker International, Inc. $EAT

Key Points

• Empowered Funds LLC reduced its stake in Brinker International by 23.4%, selling 12,058 shares during the first quarter, resulting in ownership of 39,408 shares valued at approximately $5.87 million.
• Brinker International's stock price increased by 2.8%, opening at $158.88 with a market cap of $7.07 billion and a P/E ratio of 19.12.
• CEO Kevin Hochman sold 44,000 shares at an average price of $157.82, marking a 17.13% decrease in his ownership, while insiders collectively sold 68,325 shares worth over $10.75 million in the last quarter.

Empowered Funds LLC trimmed its holdings in Brinker International, Inc. (NYSE:EAT - Free Report) by 23.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,408 shares of the restaurant operator's stock after selling 12,058 shares during the quarter. Empowered Funds LLC owned approximately 0.09% of Brinker International worth $5,874,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its stake in Brinker International by 575.0% in the 1st quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock worth $29,000 after purchasing an additional 161 shares during the period. Financial Management Professionals Inc. bought a new position in shares of Brinker International during the 1st quarter valued at approximately $30,000. National Bank of Canada FI boosted its position in shares of Brinker International by 227.3% during the 1st quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator's stock valued at $38,000 after acquiring an additional 175 shares during the last quarter. Continuum Advisory LLC boosted its position in shares of Brinker International by 1,714.3% during the 1st quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock valued at $38,000 after acquiring an additional 240 shares during the last quarter. Finally, Virtus Advisers LLC bought a new position in shares of Brinker International during the 1st quarter valued at approximately $54,000.

Brinker International Stock Up 2.8%

Shares of EAT opened at $158.88 on Friday. The company has a market cap of $7.07 billion, a PE ratio of 19.12, a P/E/G ratio of 0.98 and a beta of 1.43. The business has a fifty day moving average of $159.41 and a 200 day moving average of $156.65. Brinker International, Inc. has a 52-week low of $68.94 and a 52-week high of $192.21. 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 (NYSE:EAT - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.47 by $0.02. The company 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%.Brinker International's 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, sell-side analysts expect that Brinker International, Inc. will post 8.3 EPS for the current year.

Insiders Place Their Bets

In other Brinker International news, CEO Kevin Hochman sold 44,000 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $157.82, for a total value of $6,944,080.00. Following the sale, the chief executive officer owned 212,867 shares in the company, valued at $33,594,669.94. This trade represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Harriet Edelman sold 8,325 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $157.00, for a total value of $1,307,025.00. Following the completion of the sale, the director owned 28,905 shares in the company, valued at approximately $4,538,085. The trade was a 22.36% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 68,325 shares of company stock worth $10,754,785 over the last quarter. Company insiders own 1.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Bank of America increased their target price on Brinker International from $186.00 to $190.00 and gave the company 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 company an "equal weight" rating in a research report on Thursday, August 14th. Piper Sandler increased their target price on Brinker International from $155.00 to $168.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. UBS Group increased their target price on Brinker International from $155.00 to $165.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. Finally, Wall Street Zen downgraded Brinker International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Five analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, Brinker International currently has an average rating of "Hold" and an average target price of $172.59.

About Brinker International

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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