Ieq Capital LLC Takes Position in Brinker International, Inc. $EAT

Key Points

• Ieq Capital LLC acquired 3,459 shares of Brinker International, valued at approximately $516,000, marking a new stake in the company.
• Brinker International reported $2.49 EPS in its latest earnings, surpassing estimates and showing a revenue increase of 21.0% year-over-year.
• Several analysts have increased their target prices for Brinker International, with estimates ranging from $168.00 to $190.00, reflecting a consensus rating of "Hold."

Ieq Capital LLC bought a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 3,459 shares of the restaurant operator's stock, valued at approximately $516,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new stake in shares of Brinker International during the 1st quarter valued at approximately $206,000. Range Financial Group LLC bought a new stake in Brinker International during the 1st quarter worth approximately $1,036,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in Brinker International during the 1st quarter worth approximately $492,000. Robeco Institutional Asset Management B.V. bought a new stake in Brinker International during the 1st quarter worth approximately $565,000. Finally, Two Sigma Advisers LP bought a new stake in Brinker International during the 4th quarter worth approximately $1,336,000.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on EAT. Bank of America boosted their target price on shares of Brinker International from $186.00 to $190.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. UBS Group boosted their target price 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. Wells Fargo & Company boosted their target price 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. Piper Sandler boosted their price target on shares of Brinker International from $155.00 to $168.00 and gave the stock a "neutral" rating in a research report on Thursday, August 14th. Finally, Morgan Stanley boosted their price target on shares of Brinker International from $149.00 to $161.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 14th. Five equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, Brinker International has an average rating of "Hold" and an average price target of $172.59.

Brinker International Stock Down 1.0%

Shares of Brinker International stock traded down $1.64 during trading on Friday, reaching $158.24. 1,098,833 shares of the company traded hands, compared to its average volume of 1,416,873. 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, Inc. has a 1-year low of $68.45 and a 1-year high of $192.21. The company has a 50 day moving average price of $161.48 and a 200-day moving average price of $156.53. The firm has a market capitalization of $7.04 billion, a PE ratio of 19.04, a P/E/G ratio of 1.01 and a beta of 1.43.

Brinker International (NYSE:EAT - Get Free Report) last released its earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.47 by $0.02. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.42 billion. Brinker International had a net margin of 7.12% and a return on equity of 211.86%. Brinker International's quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.61 EPS. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, equities research analysts expect that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Brinker International news, CEO Kevin Hochman sold 44,000 shares of the business's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $157.82, for a total transaction of $6,944,080.00. Following the completion of the sale, the chief executive officer owned 212,867 shares in the company, valued at approximately $33,594,669.94. The trade was a 17.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Harriet Edelman sold 8,325 shares of the business's 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 sale, the director owned 28,905 shares of the company's stock, valued at $4,538,085. This trade represents a 22.36% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.72% of the company's stock.

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.