Ritholtz Wealth Management Has $2.68 Million Stake in Brinker International, Inc. $EAT

Key Points

• Ritholtz Wealth Management reduced its stake in Brinker International by 25.6%, holding 14,835 shares valued at approximately $2.68 million after the sale.
• Analysts have mixed views on Brinker International, with JPMorgan raising its rating to "overweight" and a target price of $175.00, while Citigroup lowered its target to $156.00 with a "neutral" rating.
• Brinker International reported $2.49 EPS for the most recent quarter, exceeding expectations, with revenue of $1.46 billion, which is a 21% year-over-year increase.

Ritholtz Wealth Management trimmed its position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 25.6% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,835 shares of the restaurant operator's stock after selling 5,107 shares during the period. Ritholtz Wealth Management's holdings in Brinker International were worth $2,675,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Concord Wealth Partners acquired a new stake in Brinker International during the second quarter worth about $25,000. AdvisorNet Financial Inc acquired a new stake in Brinker International during the second quarter worth about $33,000. Farther Finance Advisors LLC grew its stake in Brinker International by 575.0% during the first quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock worth $29,000 after buying an additional 161 shares in the last quarter. National Bank of Canada FI lifted its holdings in shares of Brinker International by 227.3% in the first quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator's stock worth $38,000 after acquiring an additional 175 shares during the last quarter. Finally, Continuum Advisory LLC lifted 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 worth $38,000 after acquiring an additional 240 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EAT. JPMorgan Chase & Co. raised shares of Brinker International from a "neutral" rating to an "overweight" rating and set a $175.00 target price for the company in a report on Tuesday, October 7th. Weiss Ratings reissued a "buy (b)" rating on shares of Brinker International in a report on Wednesday, October 8th. Citigroup dropped their target price on shares of Brinker International from $168.00 to $156.00 and set a "neutral" rating for the company in a report on Tuesday. Barclays increased their target price on shares of Brinker International from $166.00 to $170.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. Finally, Wells Fargo & Company raised shares of Brinker International from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $165.00 to $175.00 in a report on Monday, September 22nd. Nine equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $169.06.

Brinker International Stock Down 1.0%

Shares of NYSE EAT opened at $130.64 on Thursday. The company has a 50 day simple moving average of $145.16 and a 200 day simple moving average of $154.22. The firm has a market cap of $5.80 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 0.87 and a beta of 1.38. Brinker International, Inc. has a 1 year low of $88.76 and a 1 year high of $192.21. 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 issued its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.47 by $0.02. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.42 billion. Brinker International had a net margin of 7.12% and a return on equity of 211.86%. The firm's quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the business earned $1.61 EPS. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. On average, research analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current year.

Insider Buying and Selling at Brinker International

In other Brinker International news, Director Harriet Edelman sold 8,325 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $157.00, for a total transaction of $1,307,025.00. Following the completion of the sale, the director 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kevin Hochman sold 44,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $157.82, for a total transaction of $6,944,080.00. Following the sale, the chief executive officer directly owned 212,867 shares of the company's stock, valued at $33,594,669.94. This represents a 17.13% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,325 shares of company stock valued at $10,754,785. 1.43% of the stock is currently owned by company insiders.

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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