Invesco Ltd. Increases Holdings in Brinker International, Inc. $EAT

Key Points

• Invesco Ltd. increased its ownership in Brinker International by 4.3% in the first quarter, holding approximately 1.15% of the company, valued at $76.16 million as of its latest SEC filing.
• Brinker International reported $2.49 earnings per share for the latest quarter, surpassing the consensus estimate of $2.47, with revenue up 21.0% year-over-year.
• Several institutional investors, including Farther Finance Advisors LLC and National Bank of Canada FI, significantly increased their stakes in Brinker International during the first quarter, showing strong confidence in the company's prospects.

Invesco Ltd. boosted its stake in Brinker International, Inc. (NYSE:EAT - Free Report) by 4.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 510,993 shares of the restaurant operator's stock after buying an additional 21,270 shares during the period. Invesco Ltd. owned 1.15% of Brinker International worth $76,164,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EAT. Coppell Advisory Solutions LLC purchased a new position in shares of Brinker International in the 4th quarter valued at approximately $26,000. Farther Finance Advisors LLC raised 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 worth $29,000 after purchasing an additional 161 shares in the last quarter. Financial Management Professionals Inc. bought a new position in Brinker International in the first quarter worth $30,000. Continuum Advisory LLC lifted its position in Brinker International by 1,714.3% during the first quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock valued at $38,000 after buying an additional 240 shares during the period. Finally, National Bank of Canada FI boosted its holdings in shares of 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 buying an additional 175 shares in the last quarter.

Brinker International Stock Down 0.6%

Shares of NYSE:EAT traded down $0.9540 during trading on Thursday, reaching $151.6460. 106,096 shares of the stock traded hands, compared to its average volume of 1,487,246. The stock has a market cap of $6.75 billion, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 0.97 and a beta of 1.68. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.23 and a current ratio of 0.31. The stock has a 50-day moving average of $166.87 and a two-hundred day moving average of $157.85. Brinker International, Inc. has a 52-week low of $68.35 and a 52-week high of $192.21.

Brinker International (NYSE:EAT - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.42 billion. During the same period in the prior year, the firm posted $1.61 EPS. The firm's quarterly revenue was up 21.0% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, sell-side 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, Director Joseph Michael Depinto sold 10,000 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was 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. The trade was a 9.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Harriet Edelman sold 8,325 shares of the company's stock in a transaction dated 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 transaction, the director owned 28,905 shares in the company, valued at $4,538,085. This represents a 22.36% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.72% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EAT shares. BMO Capital Markets increased their price target on shares of Brinker International from $150.00 to $170.00 and gave the stock a "market perform" rating in a research note on Thursday, August 14th. Wall Street Zen cut shares of Brinker International from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. JPMorgan Chase & Co. lifted their target price on shares of Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. Evercore ISI boosted their price target on Brinker International from $180.00 to $190.00 and gave the stock an "in-line" rating in a research report on Thursday, August 14th. Finally, Wells Fargo & Company raised their price objective on Brinker International from $150.00 to $165.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Four research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $171.41.

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.