Fox Run Management L.L.C. Invests $815,000 in Brinker International, Inc. $EAT

Key Points

• Fox Run Management L.L.C. has invested approximately $815,000 in Brinker International, purchasing 5,470 shares during the first quarter.
• A variety of large investors, including Farther Finance Advisors LLC and National Bank of Canada FI, have also significantly increased their stakes in Brinker International, indicating growing institutional interest.
• Brinker International recently beat earnings estimates for the last quarter with reported earnings of $2.49 per share, exceeding expectations by $0.02 and showcasing a revenue increase of 21.0% year-over-year.

Fox Run Management L.L.C. bought a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,470 shares of the restaurant operator's stock, valued at approximately $815,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of EAT. Wells Fargo & Company MN increased its holdings in Brinker International by 17.1% during the 4th quarter. Wells Fargo & Company MN now owns 62,196 shares of the restaurant operator's stock worth $8,228,000 after acquiring an additional 9,062 shares during the period. Raymond James Financial Inc. bought a new stake in Brinker International during the 4th quarter worth approximately $6,507,000. Summit Investment Advisors Inc. increased its holdings in Brinker International by 3.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,509 shares of the restaurant operator's stock worth $596,000 after acquiring an additional 148 shares during the period. Barclays PLC increased its holdings in Brinker International by 195.0% during the 4th quarter. Barclays PLC now owns 169,202 shares of the restaurant operator's stock worth $22,383,000 after acquiring an additional 111,841 shares during the period. Finally, Mariner LLC increased its holdings in Brinker International by 64.8% during the 4th quarter. Mariner LLC now owns 8,482 shares of the restaurant operator's stock worth $1,122,000 after acquiring an additional 3,336 shares during the period.

Insider Buying and Selling at Brinker International

In other Brinker International news, Director Harriet Edelman sold 8,325 shares of the stock in a transaction on 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 completion of the sale, the director owned 28,905 shares of the company's stock, valued at $4,538,085. This represents a 22.36% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joseph Michael Depinto sold 10,000 shares of the stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $170.36, for a total transaction of $1,703,600.00. Following the sale, the director directly owned 99,297 shares of the company's stock, valued at $16,916,236.92. The trade was a 9.15% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.72% of the company's stock.

Brinker International Trading Down 0.6%

Shares of EAT stock traded down $0.9180 on Wednesday, hitting $152.9120. 761,864 shares of the company's stock traded hands, compared to its average volume of 1,492,125. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.23 and a current ratio of 0.31. Brinker International, Inc. has a one year low of $66.72 and a one year high of $192.21. The company's fifty day simple moving average is $167.33 and its 200 day simple moving average is $157.88. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 0.99 and a beta of 1.68.

Brinker International (NYSE:EAT - Get Free Report) last released 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 company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. Brinker International had a net margin of 7.12% and a return on equity of 211.86%. The firm's quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.61 EPS. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Equities analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EAT shares. Evercore ISI increased their price target on shares of Brinker International from $180.00 to $190.00 and gave the stock an "in-line" rating in a report on Thursday, August 14th. UBS Group increased their price target on shares of Brinker International from $155.00 to $165.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Barclays increased their price target on shares of Brinker International from $166.00 to $170.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. Wells Fargo & Company increased their price target on shares of Brinker International from $150.00 to $165.00 and gave the stock an "equal weight" rating in a report on Thursday, July 17th. Finally, BMO Capital Markets increased their price target on shares of Brinker International from $150.00 to $170.00 and gave the stock a "market perform" rating in a report on Thursday, August 14th. Four equities research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $171.41.

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.