Landscape Capital Management L.L.C. Makes New $696,000 Investment in Brinker International, Inc. $EAT

Key Points

• Landscape Capital Management acquired 4,140 Brinker International shares worth approximately $696,000 in the second quarter, while several other institutional investors also increased or initiated positions.
• Analyst sentiment remains positive overall, with 16 Buy ratings and seven Holds producing a “Moderate Buy” consensus and an average price target of $238.05; however, individual ratings ranged from bullish to neutral.
• Brinker reported quarterly revenue of $1.54 billion, up 5.1% year over year, though earnings per share of $3.07 slightly missed estimates. The stock opened at $246.06, near its 52-week high, while insiders sold more than $32 million in shares over the last quarter.

Landscape Capital Management L.L.C. acquired a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,140 shares of the restaurant operator's stock, valued at approximately $696,000.

Several other hedge funds also recently made changes to their positions in the business. Callan Family Office LLC acquired a new stake in Brinker International during the second quarter worth approximately $2,258,000. Bank of America Corp DE raised its holdings in Brinker International by 37.7% in the 1st quarter. Bank of America Corp DE now owns 242,648 shares of the restaurant operator's stock valued at $34,643,000 after acquiring an additional 66,383 shares in the last quarter. Cynosure Group LLC acquired a new position in Brinker International in the 2nd quarter valued at $766,000. Swedbank AB acquired a new position in Brinker International in the 1st quarter valued at $3,855,000. Finally, Hsbc Holdings PLC lifted its position in shares of Brinker International by 155.9% during the 4th quarter. Hsbc Holdings PLC now owns 33,416 shares of the restaurant operator's stock valued at $4,803,000 after acquiring an additional 20,356 shares during the period.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. KeyCorp increased their target price on Brinker International from $204.00 to $275.00 and gave the stock an "overweight" rating in a report on Thursday, August 13th. Northcoast Research downgraded Brinker International from a "buy" rating to a "neutral" rating in a research note on Friday, August 14th. Barclays boosted their price target on Brinker International from $170.00 to $175.00 and gave the company an "equal weight" rating in a research note on Thursday, April 30th. TD Cowen upped their price objective on shares of Brinker International from $210.00 to $270.00 and gave the stock a "buy" rating in a research report on Wednesday, August 12th. Finally, Piper Sandler increased their price objective on shares of Brinker International from $166.00 to $240.00 and gave the stock a "neutral" rating in a research note on Monday, August 17th. Sixteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $238.05.

Brinker International Price Performance

NYSE EAT opened at $246.06 on Monday. The business has a fifty day moving average price of $195.50 and a two-hundred day moving average price of $163.53. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.45 and a quick ratio of 0.40. Brinker International, Inc. has a fifty-two week low of $100.30 and a fifty-two week high of $253.71. The stock has a market capitalization of $10.28 billion, a PE ratio of 22.60, a PEG ratio of 1.27 and a beta of 1.24.

Brinker International (NYSE:EAT - Get Free Report) last issued its earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the business posted $2.30 EPS. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Equities analysts expect that Brinker International, Inc. will post 13.24 earnings per share for the current fiscal year.

Insider Buying and Selling at Brinker International

In other Brinker International news, EVP George S. Felix sold 14,349 shares of the business's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $237.47, for a total transaction of $3,407,457.03. Following the completion of the transaction, the executive vice president owned 6,293 shares of the company's stock, valued at approximately $1,494,398.71. The trade was a 69.51% 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, SVP Daniel S. Fuller sold 9,960 shares of the business's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $243.43, for a total value of $2,424,562.80. Following the transaction, the senior vice president directly owned 32,086 shares of the company's stock, valued at approximately $7,810,694.98. The trade was a 23.69% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 133,105 shares of company stock worth $32,070,729 over the last quarter. 1.43% of the stock is currently owned by company insiders.

About Brinker International

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.

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