77,200 Shares in Brinker International, Inc. $EAT Purchased by Livforsakringsbolaget Skandia Omsesidigt

Key Points

• Livforsakringsbolaget Skandia Omsesidigt purchased 77,200 shares of Brinker International, Inc., valued at approximately $13.9 million, representing about 0.17% of the company's stock as of its latest filing.
• Several institutional investors have significantly increased their stakes in Brinker International, with notable increases from Farther Finance Advisors LLC and Continuum Advisory LLC.
• Brinker International reported a quarterly earnings per share (EPS) of $2.49, exceeding expectations, and had a year-over-year revenue growth of 21%, amounting to $1.46 billion.

Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 77,200 shares of the restaurant operator's stock, valued at approximately $13,921,000. Livforsakringsbolaget Skandia Omsesidigt owned 0.17% of Brinker International at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its position in Brinker International by 575.0% during 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 in the last quarter. Financial Management Professionals Inc. acquired a new stake in Brinker International during the 1st quarter worth approximately $30,000. National Bank of Canada FI increased its position 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. Continuum Advisory LLC increased its position in Brinker International by 1,714.3% during the 1st quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock worth $38,000 after purchasing an additional 240 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new stake in Brinker International during the 1st quarter worth approximately $54,000.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a research report on Wednesday, June 25th. Wells Fargo & Company increased their price objective on shares of Brinker International from $150.00 to $165.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Evercore ISI raised shares of Brinker International from an "in-line" rating to an "outperform" rating and increased their price objective for the company from $190.00 to $210.00 in a research report on Thursday, September 4th. Barclays increased their price objective on shares of Brinker International from $166.00 to $170.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. Finally, BMO Capital Markets increased their price objective 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 research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, Brinker International presently has an average rating of "Hold" and an average target price of $172.59.

Insider Buying and Selling at Brinker International

In other Brinker International news, CEO Kevin Hochman sold 44,000 shares of the firm's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $157.82, for a total value of $6,944,080.00. Following the sale, the chief executive officer directly owned 212,867 shares in the company, valued at approximately $33,594,669.94. This trade represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Douglas N. Comings sold 16,000 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $156.48, for a total transaction of $2,503,680.00. Following the completion of the transaction, the chief operating officer owned 12,951 shares of the company's stock, valued at $2,026,572.48. This represents a 55.27% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 68,325 shares of company stock worth $10,754,785. 1.72% of the stock is owned by insiders.

Brinker International Stock Performance

EAT traded down $2.83 during trading hours on Friday, hitting $136.04. 2,374,566 shares of the stock were exchanged, compared to its average volume of 1,178,672. The stock has a 50-day simple moving average of $156.23 and a 200-day simple moving average of $156.12. Brinker International, Inc. has a 12 month low of $74.73 and a 12 month high of $192.21. The stock has a market cap of $6.05 billion, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 0.88 and a beta of 1.43. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.31 and a quick ratio of 0.25.

Brinker International (NYSE:EAT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.02. The firm had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.42 billion. Brinker International had a return on equity of 211.86% and a net margin of 7.12%.The firm's revenue for the quarter was up 21.0% on a year-over-year basis. During the same period last year, the business posted $1.61 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current year.

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.