Brinker International, Inc. $EAT Stock Holdings Reduced by Maverick Capital Ltd.

Key Points

• Maverick Capital Ltd. decreased its stake in Brinker International, Inc. by 26%, owning approximately $7.50 million worth of shares as of the latest SEC filing.
• Several large investors increased their holdings in Brinker during the 1st quarter, with Farther Finance Advisors LLC growing its position by 575%.
• Analysts have varied views on Brinker, with a range of price target adjustments; Wells Fargo increased its target from $150 to $165, while an average rating of the stock remains at "Hold."

Maverick Capital Ltd. lowered its stake in Brinker International, Inc. (NYSE:EAT - Free Report) by 26.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,345 shares of the restaurant operator's stock after selling 17,671 shares during the period. Maverick Capital Ltd. owned approximately 0.11% of Brinker International worth $7,504,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Graham Capital Management L.P. grew its position in Brinker International by 93.6% during the first quarter. Graham Capital Management L.P. now owns 45,011 shares of the restaurant operator's stock worth $6,709,000 after buying an additional 21,759 shares during the period. Armistice Capital LLC boosted its position in Brinker International by 93.4% during the first quarter. Armistice Capital LLC now owns 97,734 shares of the restaurant operator's stock worth $14,567,000 after purchasing an additional 47,206 shares in the last quarter. Night Squared LP acquired a new stake in Brinker International in the first quarter valued at $6,989,000. Panagora Asset Management Inc. grew its holdings in Brinker International by 716.7% in the first quarter. Panagora Asset Management Inc. now owns 111,434 shares of the restaurant operator's stock valued at $16,609,000 after purchasing an additional 97,789 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in Brinker International by 5.7% in the first quarter. Evergreen Capital Management LLC now owns 3,615 shares of the restaurant operator's stock valued at $539,000 after purchasing an additional 194 shares during the last quarter.

Insider Activity

In related news, CEO Kevin Hochman sold 44,000 shares of Brinker International 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 transaction, the chief executive officer directly owned 212,867 shares in the company, valued at $33,594,669.94. The trade was a 17.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Harriet Edelman sold 8,325 shares of Brinker International stock in a transaction on Thursday, August 14th. The stock was 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 owned 28,905 shares in the company, 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. 1.72% of the stock is currently owned by insiders.

Brinker International Stock Up 0.4%

EAT stock traded up $0.68 during midday trading on Thursday, hitting $159.74. 1,662,574 shares of the company's stock were exchanged, compared to its average volume of 1,478,928. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 1.15. Brinker International, Inc. has a 12-month low of $68.45 and a 12-month high of $192.21. The firm has a 50 day moving average price of $162.35 and a 200-day moving average price of $156.61. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 19.22, a price-to-earnings-growth ratio of 0.99 and a beta of 1.43.

Brinker International (NYSE:EAT - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $1.46 billion for 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%.The business's revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the business posted $1.61 EPS. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. On average, analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EAT. BMO Capital Markets upped 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. JPMorgan Chase & Co. increased their price objective on Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Stifel Nicolaus increased 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. Barclays increased their price objective on Brinker International from $166.00 to $170.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. Finally, Piper Sandler increased their price objective on Brinker International from $155.00 to $168.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $172.59.

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.