United Services Automobile Association Makes New $436,000 Investment 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 bought a new position in shares of Brinker International, Inc. (NYSE:EAT - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 2,951 shares of the restaurant operator's stock, valued at approximately $436,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp grew its stake in Brinker International by 4.2% during the first quarter. Mackenzie Financial Corp now owns 2,933 shares of the restaurant operator's stock worth $437,000 after buying an additional 119 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Brinker International by 575.0% in the 1st quarter. Farther Finance Advisors LLC now owns 189 shares of the restaurant operator's stock worth $29,000 after acquiring an additional 161 shares in the last quarter. National Bank of Canada FI grew its position in Brinker International by 227.3% during the 1st 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 last quarter. Evergreen Capital Management LLC increased its holdings in Brinker International by 5.7% during the 1st quarter. Evergreen Capital Management LLC now owns 3,615 shares of the restaurant operator's stock valued at $539,000 after purchasing an additional 194 shares in the last quarter. Finally, Financial Management Professionals Inc. bought a new position in Brinker International in the 1st quarter valued at $30,000.

Insider Buying and Selling

In other news, COO Douglas N. Comings sold 16,000 shares of the business's stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $156.48, for a total transaction of $2,503,680.00. Following the completion of the transaction, the chief operating officer directly owned 12,951 shares in the company, valued at approximately $2,026,572.48. The trade was a 55.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Kevin Hochman sold 44,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $157.82, for a total transaction of $6,944,080.00. Following the completion of the sale, the chief executive officer owned 212,867 shares in the company, valued at $33,594,669.94. This represents a 17.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 68,325 shares of company stock valued at $10,754,785 over the last three months. Company insiders own 1.72% of the company's stock.

Brinker International Trading Down 3.2%

Shares of EAT traded down $5.03 on Friday, reaching $153.92. 1,102,554 shares of the company's stock were exchanged, compared to its average volume of 1,094,119. The business has a 50 day moving average price of $158.84 and a two-hundred day moving average price of $156.61. Brinker International, Inc. has a 12 month low of $68.94 and a 12 month high of $192.21. The stock has a market capitalization of $6.85 billion, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 1.01 and a beta of 1.43. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 1.15.

Brinker International (NYSE:EAT - Get Free Report) last released its earnings results 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 firm had revenue of $1.46 billion during 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 business's quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.61 EPS. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Research analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Evercore ISI upgraded Brinker International from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $190.00 to $210.00 in a report on Thursday, September 4th. BMO Capital Markets increased 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. UBS Group raised their price objective on shares of Brinker International from $155.00 to $165.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. upped their target price on shares of Brinker International from $160.00 to $180.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Finally, Stifel Nicolaus raised their price target on shares of Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Five research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $172.59.

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.