Quantitative Investment Management LLC Buys New Stake in Brinker International, Inc. $EAT

Key Points

• Quantitative Investment Management LLC has acquired a new stake in Brinker International, purchasing 16,687 shares valued at approximately $2.5 million during the first quarter.
• Brinker International reported a quarterly earnings per share (EPS) of $2.49, surpassing the consensus estimate of $2.47, and experienced a year-over-year revenue increase of 21%.
• Several analysts have raised their price targets for Brinker International, with Evercore ISI setting the highest at $190.00, indicating strong market interest and projections for growth.

Quantitative Investment Management LLC bought a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 16,687 shares of the restaurant operator's stock, valued at approximately $2,487,000.

A number of other hedge funds have also recently modified their holdings of the stock. Axiom Investors LLC DE purchased a new position in shares of Brinker International in the 1st quarter valued at $8,079,000. Smartleaf Asset Management LLC boosted its stake in Brinker International by 48.0% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,102 shares of the restaurant operator's stock worth $310,000 after purchasing an additional 682 shares during the period. AlphaQuest LLC boosted its stake in Brinker International by 138.3% during the 1st quarter. AlphaQuest LLC now owns 827 shares of the restaurant operator's stock worth $123,000 after purchasing an additional 480 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Brinker International by 617.9% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 111,414 shares of the restaurant operator's stock worth $16,606,000 after purchasing an additional 95,895 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in Brinker International by 28.2% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 600,134 shares of the restaurant operator's stock worth $89,450,000 after purchasing an additional 132,000 shares during the period.

Brinker International Stock Down 1.3%

EAT stock opened at $150.2580 on Friday. Brinker International, Inc. has a one year low of $68.45 and a one year high of $192.21. The stock has a market capitalization of $6.69 billion, a PE ratio of 18.08, a price-to-earnings-growth ratio of 0.95 and a beta of 1.68. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.23 and a current ratio of 0.31. The company has a fifty day moving average of $165.92 and a 200-day moving average of $157.12.

Brinker International (NYSE:EAT - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $1.42 billion. During the same quarter last year, the business 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, analysts expect that Brinker International, Inc. will post 8.3 EPS for the current year.

Insider Buying and Selling at Brinker International

In other news, Director Harriet Edelman sold 8,325 shares of the firm's 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 owned 28,905 shares in the company, valued at approximately $4,538,085. This trade represents a 22.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Michael Depinto sold 10,000 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $170.36, for a total transaction of $1,703,600.00. Following the completion of the sale, the director 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 disclosure for this sale can be found here. 1.72% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Brinker International from $150.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Morgan Stanley increased their price target on shares of Brinker International from $149.00 to $161.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Evercore ISI increased their price target on shares of Brinker International from $180.00 to $190.00 and gave the stock an "in-line" rating in a research note on Thursday, August 14th. Bank of America increased their price target on shares of Brinker International from $186.00 to $190.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. Finally, JPMorgan Chase & Co. increased their price target on shares of Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Four analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $171.41.

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.

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