Intech Investment Management LLC Sells 3,489 Shares of Brinker International, Inc. $EAT

Key Points

• Intech Investment Management LLC sold 3,489 shares of Brinker International, reducing its stake to 99,530 shares valued at about $14.8 million.
• Brinker International reported a Q1 earnings per share of $2.49, exceeding estimates and showing a 21% increase in revenue from the previous year.
• Wall Street analysts have raised their price targets for Brinker International stock, with average price target now at $172.59 and multiple firms maintaining ratings of "Hold" to "Buy."

Intech Investment Management LLC trimmed its holdings in Brinker International, Inc. (NYSE:EAT - Free Report) by 3.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,530 shares of the restaurant operator's stock after selling 3,489 shares during the quarter. Intech Investment Management LLC owned about 0.22% of Brinker International worth $14,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of EAT. Farther Finance Advisors LLC increased its stake in shares of Brinker International by 575.0% in the 1st quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 161 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in Brinker International during the 1st quarter valued at about $30,000. Continuum Advisory LLC increased its stake in Brinker International by 1,714.3% during the 1st quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock valued at $38,000 after purchasing an additional 240 shares in the last quarter. National Bank of Canada FI increased its stake in Brinker International by 227.3% during the 1st quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator's stock valued at $38,000 after purchasing an additional 175 shares in the last quarter. Finally, Virtus Advisers LLC bought a new stake in Brinker International during the 1st quarter valued at about $54,000.

Brinker International Stock Performance

Shares of EAT stock traded down $5.03 during trading hours on Friday, reaching $153.92. The company had a trading volume of 1,102,554 shares, compared to its average volume of 1,094,119. The business has a fifty day moving average price of $158.84 and a 200-day moving average price of $156.63. Brinker International, Inc. has a one year low of $68.94 and a one year high of $192.21. The firm has a market cap of $6.85 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 1.01 and a beta of 1.43. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.25 and a current ratio of 0.31.

Brinker International (NYSE:EAT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, topping analysts' consensus estimates of $2.47 by $0.02. Brinker International had a net margin of 7.12% and a return on equity of 211.86%. The firm 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 business posted $1.61 earnings per share. The business's revenue for the quarter was up 21.0% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Sell-side analysts predict that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

EAT has been the subject of a number of analyst reports. Evercore ISI upgraded shares of Brinker International from an "in-line" rating to an "outperform" rating and raised their price objective for the company from $190.00 to $210.00 in a research note on Thursday, September 4th. Bank of America raised their price objective on shares of Brinker International from $186.00 to $190.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Wells Fargo & Company raised their price objective on shares of Brinker International from $150.00 to $165.00 and gave the company an "equal weight" rating in a research note on Thursday, July 17th. BMO Capital Markets raised their price objective on shares of Brinker International from $150.00 to $170.00 and gave the company a "market perform" rating in a research note on Thursday, August 14th. Finally, UBS Group raised their price objective on shares of Brinker International from $155.00 to $165.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Five analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $172.59.

Insider Transactions at Brinker International

In other news, Director Harriet Edelman sold 8,325 shares of Brinker International stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $157.00, for a total value of $1,307,025.00. Following the completion of the sale, the director directly owned 28,905 shares in the company, valued at $4,538,085. The trade was a 22.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Douglas N. Comings sold 16,000 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The shares were 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. This trade represents a 55.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 68,325 shares of company stock worth $10,754,785 over the last three months. 1.72% of the stock is currently owned by company insiders.

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.