Livforsakringsbolaget Skandia Omsesidigt Takes Position in Brinker International, Inc. $EAT

Key Points

• Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in Brinker International, buying 18,450 shares valued at approximately $3.33 million during the second quarter.
• Brinker International reported a quarterly earnings per share (EPS) of $2.49, exceeding analysts' expectations and showcasing a 21% increase in revenue compared to the previous year.
• Several hedge funds, including Westfield Capital Management and Dimensional Fund Advisors, have significantly increased their stakes in Brinker International, indicating growing investor interest in the company.

Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 18,450 shares of the restaurant operator's stock, valued at approximately $3,327,000.

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position 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 valued at $29,000 after purchasing an additional 161 shares during the period. Financial Management Professionals Inc. acquired a new stake in shares of Brinker International in the 1st quarter valued at about $30,000. National Bank of Canada FI boosted its position in shares of Brinker International by 227.3% in 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 during the period. Continuum Advisory LLC boosted its position in shares of Brinker International by 1,714.3% in 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 during the period. Finally, Virtus Advisers LLC acquired a new stake in shares of Brinker International in the 1st quarter valued at about $54,000.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Piper Sandler upped their target price on Brinker International from $155.00 to $168.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. 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 research report on Wednesday, June 25th. BMO Capital Markets increased their price objective on Brinker International from $150.00 to $170.00 and gave the stock a "market perform" rating in a research report on Thursday, August 14th. Wall Street Zen cut Brinker International from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Evercore ISI raised Brinker International from an "in-line" rating to an "outperform" rating and increased their price objective for the stock from $190.00 to $210.00 in a research report on Thursday, September 4th. Six investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $173.18.

Brinker International Price Performance

NYSE EAT traded down $0.88 during mid-day trading on Tuesday, hitting $137.82. The stock had a trading volume of 439,265 shares, compared to its average volume of 1,464,588. Brinker International, Inc. has a 52-week low of $74.73 and a 52-week high of $192.21. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 0.87 and a beta of 1.43. The company has a 50 day simple moving average of $155.69 and a 200 day simple moving average of $156.26. The company has a quick ratio of 0.25, a current ratio of 0.31 and a debt-to-equity ratio of 1.15.

Brinker International (NYSE:EAT - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 211.86% and a net margin of 7.12%.Brinker International's revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.61 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Equities analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Douglas N. Comings sold 16,000 shares of Brinker International stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $156.48, for a total value of $2,503,680.00. Following the completion of the sale, the chief operating officer owned 12,951 shares of the company's stock, valued at $2,026,572.48. The trade was a 55.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Harriet Edelman sold 8,325 shares of Brinker International stock in a transaction 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 of the company's stock, valued at approximately $4,538,085. This represents a 22.36% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,325 shares of company stock valued at $10,754,785. Corporate insiders own 1.72% of the company's stock.

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.