Fuller & Thaler Asset Management Inc. Buys 132,000 Shares of Brinker International, Inc. $EAT

Key Points

• Fuller & Thaler Asset Management Inc. increased its holdings in Brinker International, Inc. by 28.2%, acquiring an additional 132,000 shares to reach a total of 600,134 shares valued at $89.45 million.
• Analysts have raised their price targets for Brinker International, with Bank of America setting a new target of $190.00 and Wells Fargo increasing theirs to $165.00, while the company currently has an average price target of $171.41.
• Insider sales were reported with Director Joseph Michael Depinto selling 10,000 shares for approximately $1.7 million, indicating a 9.15% decrease in his ownership of the stock.

Fuller & Thaler Asset Management Inc. boosted its stake in Brinker International, Inc. (NYSE:EAT - Free Report) by 28.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 600,134 shares of the restaurant operator's stock after purchasing an additional 132,000 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 1.35% of Brinker International worth $89,450,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its holdings in Brinker International by 575.0% in the first quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 161 shares during the last quarter. Coppell Advisory Solutions LLC bought a new stake in shares of Brinker International in the fourth quarter worth about $26,000. Financial Management Professionals Inc. bought a new stake in shares of Brinker International in the first quarter worth about $30,000. National Bank of Canada FI increased its holdings in shares of Brinker International by 227.3% in the first quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator's stock worth $38,000 after acquiring an additional 175 shares in the last quarter. Finally, Continuum Advisory LLC increased its holdings in shares of Brinker International by 1,714.3% in the first quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock worth $38,000 after acquiring an additional 240 shares in the last quarter.

Brinker International Stock Down 1.0%

Shares of NYSE:EAT traded down $1.5350 during mid-day trading on Wednesday, reaching $152.2950. 1,317,280 shares of the stock were exchanged, compared to its average volume of 1,426,021. The company has a quick ratio of 0.23, a current ratio of 0.31 and a debt-to-equity ratio of 1.15. The company has a market cap of $6.78 billion, a P/E ratio of 18.33, a P/E/G ratio of 0.97 and a beta of 1.68. Brinker International, Inc. has a one year low of $66.72 and a one year high of $192.21. The stock's 50 day simple moving average is $166.87 and its 200-day simple moving average is $157.85.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings data 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 business 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 quarterly 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. As a group, equities research analysts predict that Brinker International, Inc. will post 8.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on EAT shares. Bank of America increased their price target on Brinker International from $186.00 to $190.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. BMO Capital Markets increased their price target on Brinker International from $150.00 to $170.00 and gave the stock a "market perform" rating in a report on Thursday, August 14th. Stifel Nicolaus increased their price target on Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Piper Sandler increased their price target on Brinker International from $155.00 to $168.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Finally, Wall Street Zen downgraded Brinker International from a "strong-buy" rating to a "buy" rating in a report on Saturday. 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, the company currently has a consensus rating of "Hold" and an average price target of $171.41.

Insider Buying and Selling

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

Brinker International 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.