Signet Financial Management LLC Takes Position in Brinker International, Inc. $EAT

Key Points

• Signet Financial Management LLC acquired a new stake in Brinker International valued at approximately $2,280,000 during Q2, buying 12,645 shares of the stock.
• Brinker International reported earnings of $2.49 per share for the last quarter, beating estimates by $0.02, with revenue increasing 21.0% year over year.
• Analyst ratings for Brinker International show a consensus of six Buy ratings and eleven Hold ratings, with the average price target set at $173.18.

Signet Financial Management LLC bought a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 12,645 shares of the restaurant operator's stock, valued at approximately $2,280,000.

A number of other institutional investors and hedge funds also recently modified their holdings of EAT. Alyeska Investment Group L.P. bought a new stake in shares of Brinker International in the 1st quarter valued at about $76,114,000. Westfield Capital Management Co. LP raised its holdings in Brinker International by 102.0% in the 1st quarter. Westfield Capital Management Co. LP now owns 995,713 shares of the restaurant operator's stock valued at $148,411,000 after acquiring an additional 502,897 shares during the period. Nuveen LLC bought a new position in Brinker International in the 1st quarter valued at about $55,808,000. Samlyn Capital LLC bought a new position in Brinker International in the 1st quarter valued at about $44,557,000. Finally, Lord Abbett & CO. LLC bought a new position in Brinker International in the 1st quarter valued at about $24,891,000.

Brinker International Stock Performance

Shares of NYSE:EAT opened at $136.87 on Thursday. The company's 50 day moving average price is $154.59 and its two-hundred day moving average price is $156.00. Brinker International, Inc. has a 12-month low of $74.73 and a 12-month high of $192.21. The firm has a market cap of $6.09 billion, a PE ratio of 16.47, a PEG ratio of 0.88 and a beta of 1.43. The company has a quick ratio of 0.25, a current ratio of 0.31 and a debt-to-equity ratio of 1.15.

Brinker International (NYSE:EAT - Get Free Report) last announced its earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the business posted $1.61 EPS. The business'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. Equities research analysts predict that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on EAT shares. JPMorgan Chase & Co. increased their price target on shares of Brinker International from $160.00 to $180.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. Bank of America increased their price target on shares of Brinker International from $186.00 to $190.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. Piper Sandler increased their price target on shares of Brinker International from $155.00 to $168.00 and gave the company a "neutral" rating in a report on Thursday, August 14th. Wall Street Zen cut shares of Brinker International from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 16th. Finally, Evercore ISI raised shares of Brinker International from an "in-line" rating to an "outperform" rating and increased their price target for the company from $190.00 to $210.00 in a report on Thursday, September 4th. Six analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $173.18.

Insider Buying and Selling

In related 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 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 SEC, which is accessible through this link. Also, CEO Kevin Hochman sold 44,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $157.82, for a total transaction of $6,944,080.00. Following the sale, the chief executive officer owned 212,867 shares in the company, 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 have sold 68,325 shares of company stock worth $10,754,785. Corporate insiders own 1.72% of the company's stock.

Brinker International 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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