Stratos Wealth Partners LTD. Buys 7,175 Shares of Brinker International, Inc. $EAT

Key Points

• Stratos Wealth Partners LTD. increased its stake in Brinker International by 50.7%, acquiring an additional 7,175 shares, bringing its total holdings to 21,334 shares valued at $3.8 million.
• Brinker International posted an EPS of $2.49 for the last quarter, exceeding analysts' expectations of $2.47, with a year-over-year revenue increase of 21% to $1.46 billion.
• CEO Kevin Hochman sold 44,000 shares for approximately $6.9 million, reducing his ownership by 17.13% amidst significant insider trading activity with a total of 68,325 shares sold in the last quarter.

Stratos Wealth Partners LTD. raised its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 50.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,334 shares of the restaurant operator's stock after buying an additional 7,175 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in Brinker International were worth $3,847,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Alyeska Investment Group L.P. bought a new position in Brinker International during the 1st quarter worth approximately $76,114,000. Westfield Capital Management Co. LP raised its holdings in Brinker International by 102.0% in the first quarter. Westfield Capital Management Co. LP now owns 995,713 shares of the restaurant operator's stock worth $148,411,000 after purchasing an additional 502,897 shares during the period. Nuveen LLC acquired a new stake in Brinker International in the first quarter worth $55,808,000. Samlyn Capital LLC bought a new position in shares of Brinker International during the first quarter worth $44,557,000. Finally, Allianz Asset Management GmbH grew its holdings in shares of Brinker International by 5,312.1% in the 2nd quarter. Allianz Asset Management GmbH now owns 184,933 shares of the restaurant operator's stock valued at $33,349,000 after buying an additional 181,516 shares during the period.

Brinker International Trading Down 0.6%

NYSE:EAT opened at $127.54 on Friday. The company has a market cap of $5.67 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 0.84 and a beta of 1.38. Brinker International, Inc. has a twelve month low of $89.77 and a twelve month high of $192.21. The business has a 50 day moving average price of $144.02 and a two-hundred day moving average price of $153.90. 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 quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, topping analysts' consensus estimates of $2.47 by $0.02. The business had revenue of $1.46 billion for 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 revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.61 earnings per share. 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 fiscal year.

Insider Activity at Brinker International

In related news, CEO Kevin Hochman sold 44,000 shares of the company's stock in a transaction dated 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 approximately $33,594,669.94. This represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 value of $1,307,025.00. Following the transaction, the director directly owned 28,905 shares of the company's stock, valued at $4,538,085. This trade represents a 22.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,325 shares of company stock valued at $10,754,785. 1.43% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Brinker International in a research note on Wednesday, October 8th. Wells Fargo & Company raised Brinker International from an "equal weight" rating to an "overweight" rating and raised their price target for the stock from $165.00 to $175.00 in a research report on Monday, September 22nd. Bank of America upgraded Brinker International from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $190.00 to $192.00 in a research report on Monday, October 6th. JPMorgan Chase & Co. raised Brinker International from a "neutral" rating to an "overweight" rating and set a $175.00 target price for the company in a research note on Tuesday, October 7th. Finally, Citigroup cut their price target on shares of Brinker International from $168.00 to $156.00 and set a "neutral" rating on the stock in a research note on Tuesday, October 14th. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Brinker International presently has an average rating of "Moderate Buy" and an average target price of $169.06.

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.

Want to see what other hedge funds are holding EAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brinker International, Inc. (NYSE:EAT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.