Samlyn Capital LLC Acquires New Position in Brinker International, Inc. $EAT

Key Points

• Samlyn Capital LLC has invested approximately $44.56 million in Brinker International, acquiring 298,942 shares, which represents about 0.67% ownership of the company.
• Brinker International recently exceeded analysts' earnings expectations, reporting $2.49 EPS and revenue of $1.46 billion for the quarter, substantially surpassing projections.
• Several investment firms, including Bank of America and Stifel Nicolaus, have raised their price targets for Brinker International, indicating continued positive sentiment among analysts regarding the stock's potential.

Samlyn Capital LLC bought a new stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 298,942 shares of the restaurant operator's stock, valued at approximately $44,557,000. Samlyn Capital LLC owned about 0.67% of Brinker International as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mackenzie Financial Corp lifted its position in shares of Brinker International by 4.2% in the 1st quarter. Mackenzie Financial Corp now owns 2,933 shares of the restaurant operator's stock worth $437,000 after purchasing an additional 119 shares during the period. Farther Finance Advisors LLC grew its position in Brinker International by 575.0% during the first quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock valued at $29,000 after buying an additional 161 shares during the period. National Bank of Canada FI grew its position in Brinker International by 227.3% during the first quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator's stock valued at $38,000 after buying an additional 175 shares during the period. Evergreen Capital Management LLC boosted its position in shares of Brinker International by 5.7% in the first quarter. Evergreen Capital Management LLC now owns 3,615 shares of the restaurant operator's stock worth $539,000 after purchasing an additional 194 shares during the period. Finally, Financial Management Professionals Inc. bought a new position in shares of Brinker International during the first quarter worth $30,000.

Insider Transactions at Brinker International

In other news, CEO Kevin Hochman sold 44,000 shares of the firm's stock in a transaction dated Wednesday, August 27th. The shares were 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Harriet Edelman sold 8,325 shares of the firm's stock in a transaction dated 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 in the company, valued at $4,538,085. This represents 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 company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on EAT shares. Piper Sandler increased their target price on shares of Brinker International from $155.00 to $168.00 and gave the company a "neutral" rating in a research note on Thursday, August 14th. Evercore ISI upgraded shares of Brinker International from an "in-line" rating to an "outperform" rating and upped their price target for the stock from $190.00 to $210.00 in a report on Thursday, September 4th. Barclays upped their price target 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. UBS Group increased their target price on shares of Brinker International from $155.00 to $165.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Finally, Stifel Nicolaus increased their target price on shares of Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Five analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $172.59.

Brinker International Stock Down 0.5%

Brinker International stock traded down $0.76 during midday trading on Tuesday, hitting $155.86. 874,309 shares of the company's stock were exchanged, compared to its average volume of 1,365,084. Brinker International, Inc. has a 12 month low of $68.45 and a 12 month high of $192.21. The company has a market cap of $6.94 billion, a PE ratio of 18.76, a P/E/G ratio of 1.00 and a beta of 1.43. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.25 and a current ratio of 0.31. The firm has a 50-day moving average of $160.43 and a two-hundred day moving average of $156.62.

Brinker International (NYSE:EAT - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share for the quarter, beating analysts' consensus estimates of $2.47 by $0.02. Brinker International had a net margin of 7.12% and a return on equity of 211.86%. The business had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.42 billion. During the same period last year, the business earned $1.61 EPS. The company's revenue was up 21.0% compared to the same quarter last year. 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 earnings per share 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.