Brinker International, Inc. $EAT Shares Bought by Truvestments Capital LLC

Key Points

• Truvestments Capital LLC significantly increased its stake in Brinker International by 1,421.1% in Q1, now holding 4,837 shares valued at $721,000.
• Brinker International reported a quarterly EPS of $2.49, exceeding estimates, alongside a revenue increase of 21.0% year-over-year, reaching $1.46 billion.
• A number of analysts have raised their target prices for Brinker International, with the average target now at $171.41 and a consensus rating of "Hold."

Truvestments Capital LLC lifted its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 1,421.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,837 shares of the restaurant operator's stock after purchasing an additional 4,519 shares during the quarter. Truvestments Capital LLC's holdings in Brinker International were worth $721,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in EAT. Hsbc Holdings PLC increased its holdings in shares of Brinker International by 486.2% in the fourth quarter. Hsbc Holdings PLC now owns 29,496 shares of the restaurant operator's stock worth $3,914,000 after purchasing an additional 24,464 shares during the last quarter. Quarry LP bought a new stake in shares of Brinker International in the fourth quarter worth about $48,000. Northern Trust Corp increased its holdings in shares of Brinker International by 10.2% in the fourth quarter. Northern Trust Corp now owns 512,613 shares of the restaurant operator's stock worth $67,814,000 after purchasing an additional 47,378 shares during the last quarter. AdvisorShares Investments LLC increased its holdings in shares of Brinker International by 4.4% in the fourth quarter. AdvisorShares Investments LLC now owns 2,131 shares of the restaurant operator's stock worth $282,000 after purchasing an additional 89 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of Brinker International in the fourth quarter worth about $105,000.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on EAT shares. JPMorgan Chase & Co. lifted their target price on Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Morgan Stanley boosted their price objective on Brinker International from $149.00 to $161.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 14th. Bank of America boosted their price objective on Brinker International from $186.00 to $190.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. Wells Fargo & Company boosted their price objective on Brinker International from $150.00 to $165.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 17th. Finally, UBS Group boosted their price objective on Brinker International from $155.00 to $165.00 and gave the stock a "neutral" rating in a research note on Thursday, August 14th. Four analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, Brinker International presently has an average rating of "Hold" and an average target price of $171.41.

Brinker International Stock Up 0.2%

Shares of EAT traded up $0.36 during midday trading on Friday, hitting $155.89. 920,262 shares of the company's stock traded hands, compared to its average volume of 1,384,903. Brinker International, Inc. has a 1 year low of $68.45 and a 1 year high of $192.21. The firm's fifty day moving average is $163.64 and its 200-day moving average is $156.65. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 0.99 and a beta of 1.68.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $2.49 EPS 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 during 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 for the quarter 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, sell-side analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Insider Activity at Brinker International

In other Brinker International news, Director Harriet Edelman sold 8,325 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $157.00, for a total transaction of $1,307,025.00. Following the sale, the director directly owned 28,905 shares of the company's stock, valued at approximately $4,538,085. This trade represents a 22.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Michael Depinto sold 10,000 shares of the stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $170.36, for a total value 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 disclosure for this sale can be found here. Insiders have sold a total of 62,325 shares of company stock valued at $9,954,705 in the last ninety days. Company insiders own 1.72% of the company's stock.

Brinker International Company 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.