Silvant Capital Management LLC Makes New $2.13 Million Investment in Brinker International, Inc. $EAT

Key Points

• Silvant Capital Management purchased 12,677 shares of Brinker International worth approximately $2.13 million in the second quarter, joining several other institutions that initiated positions.
• Brinker reported quarterly revenue of $1.54 billion, up 5.1% year over year and above estimates, although earnings per share of $3.07 narrowly missed consensus expectations of $3.09.
• Analyst sentiment is positive, with 16 Buy ratings and seven Holds; the average price target is $238.05. However, insiders sold 133,105 shares worth about $32.1 million over the past 90 days.

Silvant Capital Management LLC bought a new stake in Brinker International, Inc. (NYSE:EAT - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,677 shares of the restaurant operator's stock, valued at approximately $2,130,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Kilter Group LLC purchased a new stake in Brinker International during the 2nd quarter valued at approximately $35,000. Vise Technologies Inc. acquired a new stake in shares of Brinker International during the second quarter worth $327,000. Empirical Asset Management LLC purchased a new position in Brinker International in the 2nd quarter valued at $256,000. Great Lakes Advisors LLC purchased a new stake in shares of Brinker International in the second quarter valued at about $215,000. Finally, Danske Bank A S purchased a new stake in Brinker International in the 2nd quarter valued at approximately $319,000.

Brinker International Stock Down 0.6%

Shares of NYSE EAT opened at $232.06 on Friday. The firm's 50-day moving average is $193.76 and its two-hundred day moving average is $162.94. The company has a market capitalization of $9.95 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 1.20 and a beta of 1.24. Brinker International, Inc. has a 12-month low of $100.30 and a 12-month high of $253.71. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.45 and a quick ratio of 0.35.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). Brinker International had a return on equity of 122.35% and a net margin of 8.39%.The business had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same period last year, the business earned $2.30 earnings per share. The company's revenue for the quarter was up 5.1% on a year-over-year basis. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Equities analysts anticipate that Brinker International, Inc. will post 13.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EAT shares. Weiss Ratings raised Brinker International from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Wells Fargo & Company raised their price objective on Brinker International from $220.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, August 13th. TD Cowen lifted their price objective on Brinker International from $210.00 to $270.00 and gave the stock a "buy" rating in a report on Wednesday, August 12th. Stephens boosted their target price on Brinker International from $220.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday, August 13th. Finally, UBS Group upped their target price on Brinker International from $190.00 to $260.00 and gave the company a "buy" rating in a report on Monday, August 10th. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat, Brinker International currently has an average rating of "Moderate Buy" and an average price target of $238.05.

Insider Activity at Brinker International

In other news, EVP Aaron M. White sold 16,220 shares of the business's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $236.22, for a total value of $3,831,488.40. Following the completion of the transaction, the executive vice president directly owned 42,756 shares of the company's stock, valued at $10,099,822.32. The trade was a 27.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP George S. Felix sold 14,349 shares of the company's stock in a transaction on Friday, August 14th. The shares were sold at an average price of $237.47, for a total value of $3,407,457.03. Following the completion of the sale, the executive vice president owned 6,293 shares in the company, valued at $1,494,398.71. This represents a 69.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 133,105 shares of company stock valued at $32,070,729 in the last ninety days. 1.43% of the stock is owned by insiders.

Brinker International Company Profile

Brinker International, Inc NYSE: EAT is a leading global operator of casual dining restaurants. The company's portfolio is anchored by its flagship Chili's® Grill & Bar concept and Maggiano's® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili's brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.

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