Harbor Capital Advisors Inc. Has $8.08 Million Stake in Brinker International, Inc. $EAT

Key Points

• Harbor Capital Advisors Inc. reduced its stake in Brinker International by 11.5% during Q2, now holding a position valued at approximately $8.08 million.
• Several hedge funds have increased their holdings in Brinker International, with Westfield Capital Management boosting its stake by 102% to become a major shareholder.
• Brinker International's stock has been well received by analysts, with multiple firms raising their target prices to between $165 and $210, and a consensus rating of "Hold."

Harbor Capital Advisors Inc. decreased its position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 11.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,819 shares of the restaurant operator's stock after selling 5,813 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.10% of Brinker International worth $8,082,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Westfield Capital Management Co. LP boosted its holdings in shares of Brinker International by 102.0% during the 1st quarter. Westfield Capital Management Co. LP now owns 995,713 shares of the restaurant operator's stock valued at $148,411,000 after acquiring an additional 502,897 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Brinker International by 5.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 967,550 shares of the restaurant operator's stock valued at $144,201,000 after acquiring an additional 46,896 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Brinker International by 28.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 600,134 shares of the restaurant operator's stock worth $89,450,000 after purchasing an additional 132,000 shares during the last quarter. Invesco Ltd. raised its position in Brinker International by 4.3% during the 1st quarter. Invesco Ltd. now owns 510,993 shares of the restaurant operator's stock worth $76,164,000 after purchasing an additional 21,270 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in Brinker International during the 1st quarter worth $76,114,000.

Analysts Set New Price Targets

Several research analysts recently issued reports on EAT shares. Evercore ISI raised Brinker International from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $190.00 to $210.00 in a research report on Thursday, September 4th. Wall Street Zen lowered Brinker International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Wells Fargo & Company raised their target price on Brinker International from $150.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 17th. Morgan Stanley raised their target price on Brinker International from $149.00 to $161.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Finally, UBS Group raised their target price on Brinker International from $155.00 to $165.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Five research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat.com, Brinker International presently has a consensus rating of "Hold" and a consensus target price of $172.59.

Insider Activity at Brinker International

In related news, CEO Kevin Hochman sold 44,000 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer owned 212,867 shares in the company, valued at approximately $33,594,669.94. This represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Douglas N. Comings sold 16,000 shares of the stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $156.48, for a total value of $2,503,680.00. Following the sale, the chief operating officer owned 12,951 shares in the company, valued at approximately $2,026,572.48. This represents a 55.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,325 shares of company stock worth $10,754,785. Insiders own 1.72% of the company's stock.

Brinker International Stock Performance

Shares of Brinker International stock opened at $152.88 on Tuesday. Brinker International, Inc. has a one year low of $70.43 and a one year high of $192.21. The firm has a market capitalization of $6.80 billion, a price-to-earnings ratio of 18.40, a PEG ratio of 0.98 and a beta of 1.43. The business has a 50-day simple moving average of $158.42 and a 200 day simple moving average of $156.53. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.31 and a quick ratio of 0.25.

Brinker International (NYSE:EAT - Get Free Report) last issued its earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $0.02. Brinker International had a return on equity of 211.86% and a net margin of 7.12%.The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the company posted $1.61 EPS. 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. On average, research analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

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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