Brinker International, Inc. $EAT Stock Holdings Lifted by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its holdings in Brinker International, Inc. by 13.4% during the first quarter, owning a total of 16,513 shares valued at approximately $2.46 million.
• Brinker International reported earnings of $2.49 per share in its latest quarterly results, exceeding analyst expectations by 2 cents and demonstrating a 21% year-over-year revenue increase.
• Several insider transactions occurred, including COO Douglas N. Comings selling 16,000 shares and CEO Kevin Hochman selling 44,000 shares, representing decreases in their respective ownership stakes.

Voya Investment Management LLC boosted its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 13.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,513 shares of the restaurant operator's stock after purchasing an additional 1,956 shares during the period. Voya Investment Management LLC's holdings in Brinker International were worth $2,461,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in 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 purchasing an additional 161 shares in the last quarter. Financial Management Professionals Inc. bought a new position in Brinker International in the first quarter valued at approximately $30,000. Continuum Advisory LLC boosted its position in shares of Brinker International by 1,714.3% during the first quarter. Continuum Advisory LLC now owns 254 shares of the restaurant operator's stock worth $38,000 after purchasing an additional 240 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Brinker International by 227.3% during the first quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator's stock worth $38,000 after purchasing an additional 175 shares in the last quarter. Finally, Virtus Advisers LLC acquired a new stake in shares of Brinker International during the first quarter worth $54,000.

Insider Buying and Selling

In other news, CEO Kevin Hochman sold 44,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer directly owned 212,867 shares in the company, valued at $33,594,669.94. This trade represents a 17.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Harriet Edelman sold 8,325 shares of Brinker International stock in a transaction that occurred on Thursday, August 14th. The stock was 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 $4,538,085. This represents a 22.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 68,325 shares of company stock valued at $10,754,785 over the last quarter. Company insiders own 1.72% of the company's stock.

Brinker International Stock Down 0.8%

Brinker International stock traded down $1.05 during trading hours on Tuesday, reaching $137.65. The stock had a trading volume of 494,892 shares, compared to its average volume of 1,465,003. Brinker International, Inc. has a 52 week low of $74.73 and a 52 week high of $192.21. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 0.87 and a beta of 1.43. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.31 and a quick ratio of 0.25. The business's 50 day moving average price is $155.69 and its 200-day moving average price is $156.26.

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 (EPS) for the quarter, beating 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 company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the company posted $1.61 earnings per share. Brinker International'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. Sell-side analysts anticipate that Brinker International, Inc. will post 8.3 EPS for the current year.

Analysts Set New Price Targets

EAT has been the subject of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of Brinker International from $150.00 to $170.00 and gave the company a "market perform" rating in a research report on Thursday, August 14th. JPMorgan Chase & Co. upped their price objective 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. Bank of America upped 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. Stifel Nicolaus upped their price target on shares of Brinker International from $200.00 to $215.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Finally, Piper Sandler raised their price target on shares of Brinker International from $155.00 to $168.00 and gave the stock a "neutral" rating in a report on Thursday, August 14th. Six investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $173.18.

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.