United Services Automobile Association Invests $436,000 in Brinker International, Inc. $EAT

Key Points

• United Services Automobile Association has acquired a new stake in Brinker International, Inc. worth approximately $436,000 by acquiring 2,951 shares during the first quarter.
• Brinker International reported an earnings per share (EPS) of $2.49, exceeding expectations, and its revenue increased by 21.0% year-over-year, reaching $1.46 billion.
• Several analysts raised their target prices for Brinker International, with Wells Fargo and Bank of America setting new targets at $165.00 and $190.00, respectively, highlighting a positive outlook for the stock.

United Services Automobile Association purchased a new position in Brinker International, Inc. (NYSE:EAT - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,951 shares of the restaurant operator's stock, valued at approximately $436,000.

Several other large investors have also recently modified their holdings of the company. Mackenzie Financial Corp raised its stake in shares of Brinker International by 4.2% during the 1st quarter. Mackenzie Financial Corp now owns 2,933 shares of the restaurant operator's stock worth $437,000 after acquiring an additional 119 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Brinker International by 575.0% in the first quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 161 shares during the period. National Bank of Canada FI increased its stake in shares of Brinker International by 227.3% in the first quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator's stock worth $38,000 after acquiring an additional 175 shares during the period. Evergreen Capital Management LLC increased its stake in shares of Brinker International by 5.7% in the first quarter. Evergreen Capital Management LLC now owns 3,615 shares of the restaurant operator's stock worth $539,000 after acquiring an additional 194 shares during the period. Finally, Financial Management Professionals Inc. purchased a new position in Brinker International in the first quarter valued at $30,000.

Insiders Place Their Bets

In other Brinker International news, Director Harriet Edelman sold 8,325 shares of the firm's stock in a transaction on 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 completion of the transaction, the director owned 28,905 shares of the company's stock, valued at approximately $4,538,085. This trade represents a 22.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Douglas N. Comings sold 16,000 shares of the firm's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of $156.48, for a total value of $2,503,680.00. Following the sale, the chief operating officer owned 12,951 shares in the company, valued at $2,026,572.48. This trade represents a 55.27% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,325 shares of company stock valued at $10,754,785. Corporate insiders own 1.72% of the company's stock.

Brinker International Stock Performance

Shares of EAT stock traded down $6.46 during trading hours on Tuesday, reaching $146.39. 600,725 shares of the company's stock were exchanged, compared to its average volume of 1,456,907. The company has a market cap of $6.51 billion, a P/E ratio of 17.60, a price-to-earnings-growth ratio of 0.98 and a beta of 1.43. The company's 50 day moving average is $158.42 and its two-hundred day moving average is $156.53. Brinker International, Inc. has a 1 year low of $72.77 and a 1 year high of $192.21. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.31 and a quick ratio of 0.25.

Brinker International (NYSE:EAT - Get Free Report) last issued 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 return on equity of 211.86% and a net margin of 7.12%.The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the business posted $1.61 EPS. The company's revenue for the quarter was up 21.0% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Equities research analysts anticipate 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 analyst reports. Stifel Nicolaus upped their price target on shares of Brinker International from $200.00 to $215.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Morgan Stanley boosted their price target on shares of Brinker International from $149.00 to $161.00 and gave the company an "equal weight" rating in a research note on Thursday, August 14th. Wells Fargo & Company lifted their price objective on shares of Brinker International from $150.00 to $165.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. 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 upgraded shares of Brinker International from an "in-line" rating to an "outperform" rating and upped their target price for the company from $190.00 to $210.00 in a report on Thursday, September 4th. Five equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $172.59.

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.