Jacobs Levy Equity Management Inc. Sells 207,208 Shares of Brinker International, Inc. $EAT

Key Points

• Jacobs Levy Equity Management Inc. significantly reduced its stake in Brinker International, Inc. by 90.4%, selling 207,208 shares and leaving them with just 22,061 shares worth approximately $3.29 million.
• Brinker International reported a quarterly EPS of $2.49, exceeding analysts' expectations of $2.47, alongside a revenue of $1.46 billion, which was also above estimates.
• Insider selling was noted, with CEO Kevin Hochman offloading 44,000 shares for about $6.94 million, indicating a 17.13% decrease in his ownership stake.

Jacobs Levy Equity Management Inc. lowered its stake in Brinker International, Inc. (NYSE:EAT - Free Report) by 90.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,061 shares of the restaurant operator's stock after selling 207,208 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in Brinker International were worth $3,288,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Mackenzie Financial Corp increased its position in shares of Brinker International by 4.2% during the first quarter. Mackenzie Financial Corp now owns 2,933 shares of the restaurant operator's stock worth $437,000 after acquiring an additional 119 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in 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 purchasing an additional 161 shares during the period. National Bank of Canada FI increased its holdings 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 worth $38,000 after purchasing an additional 175 shares in the last quarter. Evergreen Capital Management LLC raised its stake in shares of Brinker International by 5.7% in the 1st quarter. Evergreen Capital Management LLC now owns 3,615 shares of the restaurant operator's stock valued at $539,000 after purchasing an additional 194 shares during the period. Finally, Financial Management Professionals Inc. bought a new stake in shares of Brinker International in the first quarter valued at about $30,000.

Brinker International Stock Performance

NYSE EAT opened at $155.86 on Wednesday. The firm has a market capitalization of $6.94 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 1.00 and a beta of 1.43. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 1.15. The firm's fifty day moving average price is $160.43 and its two-hundred day moving average price is $156.62. Brinker International, Inc. has a 1 year low of $68.45 and a 1 year high of $192.21.

Brinker International (NYSE:EAT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $0.02. The company had revenue of $1.46 billion during 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%. The company's quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 EPS. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, research analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current year.

Insider Buying and Selling

In other news, CEO Kevin Hochman sold 44,000 shares of Brinker International stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $157.82, for a total transaction of $6,944,080.00. Following the completion of the transaction, the chief executive officer directly 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 legal filing with the SEC, which can be accessed through this link. 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 transaction, 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 disclosure for this sale can be found here. 1.72% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on EAT. JPMorgan Chase & Co. increased their price objective on Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Wall Street Zen cut shares of Brinker International from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 16th. UBS Group lifted their price objective on shares of Brinker International from $155.00 to $165.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. Evercore ISI upgraded shares of Brinker International from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $190.00 to $210.00 in a report on Thursday, September 4th. Finally, BMO Capital Markets raised their target price on shares of Brinker International from $150.00 to $170.00 and gave the company a "market perform" 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's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $172.59.

Brinker International 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.

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