JPMorgan Chase & Co. Purchases 37,947 Shares of Brinker International, Inc. $EAT

Key Points

• JPMorgan Chase & Co. increased its stake in Brinker by 29.1% in Q3, buying 37,947 shares to hold 168,467 shares worth about $21.34 million, while other institutions (UBS, Arrowstreet, Samlyn, Norges) also materially increased positions.
• Company insiders have been net sellers — CEO Kevin Hochman sold 66,000 shares (~$10.58M) and CMO George Felix sold 10,431 shares (~$1.68M), with insiders disposing 97,678 shares (~$15.7M) over the last 90 days and owning just 1.43%.
• Brinker beat Q results (EPS $2.87 vs. $2.53 est., revenue $1.45B vs. $1.41B) and Wall Street sentiment is broadly positive, with an average rating of Moderate Buy and an average price target of $186.61.

JPMorgan Chase & Co. increased its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 29.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 168,467 shares of the restaurant operator's stock after buying an additional 37,947 shares during the quarter. JPMorgan Chase & Co. owned 0.38% of Brinker International worth $21,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. UBS Group AG increased its holdings in Brinker International by 155.2% in the third quarter. UBS Group AG now owns 1,464,389 shares of the restaurant operator's stock valued at $185,509,000 after purchasing an additional 890,593 shares during the period. Norges Bank acquired a new position in Brinker International during the 2nd quarter worth about $98,731,000. Arrowstreet Capital Limited Partnership grew its position in shares of Brinker International by 86.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,091,692 shares of the restaurant operator's stock valued at $196,865,000 after buying an additional 506,087 shares during the last quarter. Samlyn Capital LLC grew its position in shares of Brinker International by 104.9% in the 3rd quarter. Samlyn Capital LLC now owns 878,584 shares of the restaurant operator's stock valued at $111,299,000 after buying an additional 449,871 shares during the last quarter. Finally, Mane Global Capital Management LP acquired a new stake in shares of Brinker International in the second quarter valued at about $68,695,000.

Insider Activity at Brinker International

In related news, CMO George S. Felix sold 10,431 shares of the stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $161.00, for a total transaction of $1,679,391.00. Following the transaction, the chief marketing officer directly owned 8,064 shares of the company's stock, valued at $1,298,304. This represents a 56.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Kevin Hochman sold 66,000 shares of the firm's stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $160.31, for a total transaction of $10,580,460.00. Following the completion of the sale, the chief executive officer owned 129,824 shares of the company's stock, valued at $20,812,085.44. The trade was a 33.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 97,678 shares of company stock worth $15,700,372 over the last ninety days. 1.43% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. DA Davidson assumed coverage on Brinker International in a research report on Friday, March 6th. They set a "neutral" rating and a $155.00 price objective for the company. Morgan Stanley increased their target price on shares of Brinker International from $200.00 to $205.00 and gave the company an "overweight" rating in a research report on Thursday, January 29th. Jefferies Financial Group raised their price target on shares of Brinker International from $155.00 to $175.00 and gave the stock a "hold" rating in a report on Thursday, January 29th. Weiss Ratings downgraded shares of Brinker International from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Tuesday, March 10th. Finally, Wells Fargo & Company upped their price objective on shares of Brinker International from $175.00 to $200.00 and gave the company an "overweight" rating in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, Brinker International has an average rating of "Moderate Buy" and an average price target of $186.61.

Brinker International Trading Up 3.1%

Shares of EAT stock opened at $151.46 on Wednesday. Brinker International, Inc. has a fifty-two week low of $100.30 and a fifty-two week high of $187.12. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.31 and a current ratio of 0.36. The stock has a 50 day simple moving average of $152.89 and a two-hundred day simple moving average of $142.06. The company has a market cap of $6.60 billion, a P/E ratio of 15.31, a PEG ratio of 1.04 and a beta of 1.34.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The restaurant operator reported $2.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.53 by $0.34. The firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.41 billion. Brinker International had a return on equity of 134.92% and a net margin of 7.98%.The company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $2.80 EPS. Brinker International has set its FY 2026 guidance at 1.045-10.850 EPS. Research analysts forecast that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Brinker International Company Profile

Brinker International, Inc NYSE: EAT is a leading global operator of casual dining restaurants. The company's portfolio is anchored by its flagship Chili's® Grill & Bar concept and Maggiano's® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili's brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.

Want to see what other hedge funds are holding EAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brinker International, Inc. (NYSE:EAT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.