Brinker International, Inc. $EAT Shares Bought by LPL Financial LLC

Key Points

• LPL Financial LLC increased its holdings in Brinker International, Inc. by 26.0%, bringing their total to 13,311 shares worth approximately $1.98 million.
• Multiple analysts have raised their target prices for Brinker International, with a consensus rating of "Hold" and an average target price of $171.41.
• Brinker International reported a Q2 EPS of $2.49, exceeding expectations, and a revenue increase of 21.0% year-over-year, signaling strong financial performance.

LPL Financial LLC grew its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 26.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,311 shares of the restaurant operator's stock after acquiring an additional 2,743 shares during the quarter. LPL Financial LLC's holdings in Brinker International were worth $1,984,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EAT. Farther Finance Advisors LLC raised its position in 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 last quarter. Coppell Advisory Solutions LLC acquired a new position in Brinker International in the fourth quarter valued at $26,000. Financial Management Professionals Inc. purchased a new stake in shares of Brinker International in the first quarter valued at about $30,000. Continuum Advisory LLC raised its holdings in shares of Brinker International by 1,714.3% in the first quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock valued at $38,000 after buying an additional 240 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Brinker International during the fourth quarter worth about $48,000.

Insider Activity

In related news, Director Joseph Michael Depinto sold 10,000 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $170.36, for a total value of $1,703,600.00. Following the completion of the transaction, the director directly owned 99,297 shares of the company's stock, valued at $16,916,236.92. This trade represents a 9.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Harriet Edelman sold 8,325 shares of the firm's stock in a transaction that occurred 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 transaction, the director directly owned 28,905 shares of the company's stock, 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. Corporate insiders own 1.72% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EAT shares. Stifel Nicolaus upped their price objective on Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. BMO Capital Markets boosted their target price on Brinker International from $150.00 to $170.00 and gave the company a "market perform" rating in a report on Thursday, August 14th. Barclays upped their price target on Brinker International from $166.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Bank of America increased their price target on Brinker International from $186.00 to $190.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Finally, Evercore ISI increased their price target on Brinker International from $180.00 to $190.00 and gave the stock an "in-line" rating in a report on Thursday, August 14th. Four research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $171.41.

Brinker International Price Performance

EAT stock traded down $1.9220 on Friday, reaching $150.2580. 1,155,786 shares of the company's stock were exchanged, compared to its average volume of 1,383,280. The stock has a fifty day moving average of $165.92 and a 200-day moving average of $157.33. The firm has a market cap of $6.69 billion, a PE ratio of 18.08, a P/E/G ratio of 0.96 and a beta of 1.68. The company has a quick ratio of 0.23, a current ratio of 0.31 and a debt-to-equity ratio of 1.15. Brinker International, Inc. has a twelve month low of $68.45 and a twelve month high of $192.21.

Brinker International (NYSE:EAT - Get Free Report) last issued its earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, topping the consensus estimate of $2.47 by $0.02. Brinker International had a net margin of 7.12% and a return on equity of 211.86%. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the firm earned $1.61 EPS. The business's revenue was up 21.0% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, equities analysts predict that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

About Brinker International

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.