2,671 Shares in Brinker International, Inc. $EAT Acquired by Trivium Point Advisory LLC

Key Points

• Trivium Point Advisory LLC has acquired 2,671 shares of Brinker International, Inc., valued at approximately $398,000, highlighting increased interest from institutional investors in the restaurant operator.
• Research firms have raised price targets for Brinker International, with UBS setting a new target of $165.00 while Evercore ISI increased theirs to $190.00, indicating positive market sentiment.
• Brinker International recently reported an earnings per share (EPS) of $2.49, surpassing analyst expectations, and experienced a 21% increase in revenue compared to the same quarter last year.

Trivium Point Advisory LLC purchased a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,671 shares of the restaurant operator's stock, valued at approximately $398,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Coppell Advisory Solutions LLC bought a new stake in shares of Brinker International in the 4th quarter valued at $26,000. Farther Finance Advisors LLC grew its position in Brinker International by 575.0% in the 1st quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock valued at $29,000 after purchasing an additional 161 shares during the period. Financial Management Professionals Inc. acquired a new stake in Brinker International in the 1st quarter valued at $30,000. Continuum Advisory LLC grew its position in Brinker International by 1,714.3% in the 1st quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock valued at $38,000 after purchasing an additional 240 shares during the period. Finally, National Bank of Canada FI grew its position in Brinker International by 227.3% in the 1st quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator's stock valued at $38,000 after purchasing an additional 175 shares during the period.

Brinker International Price Performance

Shares of EAT traded down $0.9180 during midday trading on Wednesday, hitting $152.9120. 761,864 shares of the company traded hands, compared to its average volume of 1,492,125. The stock has a 50-day moving average of $167.33 and a 200-day moving average of $157.88. Brinker International, Inc. has a one year low of $66.72 and a one year high of $192.21. The firm has a market cap of $6.80 billion, a P/E ratio of 18.42, a PEG ratio of 0.99 and a beta of 1.68. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.31 and a quick ratio of 0.23.

Brinker International (NYSE:EAT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.02. Brinker International had a return on equity of 211.86% and a net margin of 7.12%.The firm had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.42 billion. During the same period in the prior year, the business posted $1.61 earnings per share. The company's revenue was up 21.0% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, sell-side analysts predict that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Analysts Set New Price Targets

EAT has been the subject of several research reports. Wells Fargo & Company lifted their price target on shares of Brinker International from $150.00 to $165.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Bank of America lifted their price target on shares of Brinker International from $186.00 to $190.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. BMO Capital Markets lifted their price objective on shares of Brinker International from $150.00 to $170.00 and gave the stock a "market perform" rating in a report on Thursday, August 14th. Barclays lifted their price objective 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, Morgan Stanley lifted their price objective on shares of Brinker International from $149.00 to $161.00 and gave the stock an "equal weight" rating in a report on Thursday, August 14th. Four equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $171.41.

Insider Activity

In other news, Director Joseph Michael Depinto sold 10,000 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $170.36, for a total transaction of $1,703,600.00. Following the sale, the director directly owned 99,297 shares in the company, valued at $16,916,236.92. This represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Harriet Edelman sold 8,325 shares of the company's stock in a transaction dated 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 sale, the director owned 28,905 shares in the company, valued at approximately $4,538,085. This represents a 22.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.