Brinker International, Inc. $EAT Position Reduced by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. reduced its stake in Brinker International by 47.4% in the first quarter, selling 557,872 shares, resulting in ownership of approximately 1.39% of the company.
• Brinker International recently announced a quarterly earnings report, beating analysts' expectations with an EPS of $2.49 and revenues of $1.46 billion, marking a 21% year-over-year revenue increase.
• Several analysts raised their price targets for Brinker International, with Barclays and BMO Capital Markets setting new targets of $170.00 and $170.00 respectively, while the consensus rating remains a "Hold".

Goldman Sachs Group Inc. reduced its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 47.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 619,757 shares of the restaurant operator's stock after selling 557,872 shares during the quarter. Goldman Sachs Group Inc. owned approximately 1.39% of Brinker International worth $92,375,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of 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 buying an additional 161 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in Brinker International in the first quarter valued at approximately $30,000. Continuum Advisory LLC boosted its stake in Brinker International by 1,714.3% in the first 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 period. National Bank of Canada FI boosted its stake in Brinker International by 227.3% in the first 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 period. Finally, Virtus Advisers LLC acquired a new position in Brinker International in the first quarter valued at approximately $54,000.

Insider Buying and Selling

In related news, COO Douglas N. Comings sold 16,000 shares of the business's stock in a transaction that occurred on 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 sale, the chief operating officer owned 12,951 shares of the company's stock, valued at $2,026,572.48. The trade was a 55.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harriet Edelman sold 8,325 shares of the business'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 sale, the director directly 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 valued at $10,754,785 over the last quarter. Corporate insiders own 1.72% of the company's stock.

Wall Street Analyst Weigh In

EAT has been the subject of a number of research reports. Bank of America lifted their target price on Brinker International from $186.00 to $190.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Morgan Stanley lifted their target price on Brinker International from $149.00 to $161.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. Barclays lifted their target price on Brinker International from $166.00 to $170.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. UBS Group lifted their target price on Brinker International from $155.00 to $165.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Finally, BMO Capital Markets lifted their target price on Brinker International from $150.00 to $170.00 and gave the company a "market perform" rating in a research note on Thursday, August 14th. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, Brinker International presently has an average rating of "Hold" and an average target price of $172.59.

Brinker International Stock Performance

Shares of NYSE EAT traded down $5.44 during midday trading on Thursday, hitting $138.94. 1,728,466 shares of the company's stock were exchanged, compared to its average volume of 1,127,973. 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 stock's 50 day moving average price is $156.81 and its 200-day moving average price is $156.24. The firm has a market cap of $6.18 billion, a P/E ratio of 16.72, a PEG ratio of 0.92 and a beta of 1.43. Brinker International, Inc. has a twelve month low of $74.73 and a twelve month high of $192.21.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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%.The business's revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.61 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Equities research analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current year.

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.