Vontobel Holding Ltd. Grows Position in Brinker International, Inc. $EAT

Vontobel Holding Ltd. raised its holdings in Brinker International, Inc. (NYSE:EAT - Free Report) by 64.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,217 shares of the restaurant operator's stock after acquiring an additional 2,035 shares during the period. Vontobel Holding Ltd.'s holdings in Brinker International were worth $941,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of EAT. Alyeska Investment Group L.P. purchased a new stake in shares of Brinker International in the 1st quarter valued at about $76,114,000. Westfield Capital Management Co. LP raised its holdings in shares of Brinker International by 102.0% in the 1st quarter. Westfield Capital Management Co. LP now owns 995,713 shares of the restaurant operator's stock valued at $148,411,000 after acquiring an additional 502,897 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Brinker International in the 1st quarter valued at about $55,808,000. Samlyn Capital LLC purchased a new stake in shares of Brinker International in the 1st quarter valued at about $44,557,000. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Brinker International in the 1st quarter valued at about $24,891,000.

Insiders Place Their Bets

In other Brinker International news, CEO Kevin Hochman sold 44,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $157.82, for a total value of $6,944,080.00. Following the completion of the sale, the chief executive officer owned 212,867 shares in the company, valued at approximately $33,594,669.94. This trade represents a 17.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Douglas N. Comings sold 16,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief operating officer owned 12,951 shares of the company's stock, valued at approximately $2,026,572.48. This trade represents a 55.27% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 68,325 shares of company stock worth $10,754,785. 1.72% of the stock is currently owned by company insiders.

Brinker International Price Performance

EAT opened at $124.86 on Monday. The stock's 50 day simple moving average is $146.91 and its 200 day simple moving average is $154.67. 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, Inc. has a 1 year low of $82.42 and a 1 year high of $192.21. The firm has a market cap of $5.55 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 0.82 and a beta of 1.38.

Brinker International (NYSE:EAT - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same period last year, the company earned $1.61 EPS. Brinker International'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, analysts predict that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on EAT shares. Morgan Stanley increased their price objective on Brinker International from $149.00 to $161.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. upgraded Brinker International from a "neutral" rating to an "overweight" rating and set a $175.00 price objective on the stock in a research report on Tuesday, October 7th. UBS Group increased their price objective on Brinker International from $155.00 to $165.00 and gave the company a "neutral" rating in a research report on Thursday, August 14th. Bank of America upgraded Brinker International from a "neutral" rating to a "buy" rating and increased their price objective for the company from $190.00 to $192.00 in a research report on Monday, October 6th. Finally, Barclays increased their price objective on Brinker International from $166.00 to $170.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. Nine analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $171.35.

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.

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