WINTON GROUP Ltd Buys 21,340 Shares of Brinker International, Inc. $EAT

Key Points

• WINTON GROUP Ltd increased its Brinker International stake by 318.2% in the second quarter, purchasing 21,340 additional shares and ending the period with 28,047 shares valued at approximately $4.7 million.
• Analysts remain broadly positive, with 16 Buy ratings and seven Holds producing a “Moderate Buy” consensus and an average price target of $244.30. Several firms recently raised their targets, including Bank of America to $310.
• Brinker reported quarterly revenue of $1.54 billion, up 5.1% year over year, though EPS of $3.07 slightly missed estimates. Meanwhile, insiders sold 173,694 shares worth about $41.6 million over the past three months.

WINTON GROUP Ltd grew its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 318.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,047 shares of the restaurant operator's stock after purchasing an additional 21,340 shares during the period. WINTON GROUP Ltd owned about 0.07% of Brinker International worth $4,712,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Brinker International in the 3rd quarter valued at about $25,000. Transamerica Financial Advisors LLC increased its position in shares of Brinker International by 570.4% during the 4th quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator's stock worth $26,000 after purchasing an additional 154 shares during the last quarter. Allworth Financial LP increased its stake in shares of Brinker International by 58.5% during the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator's stock worth $28,000 after purchasing an additional 83 shares during the last quarter. Kilter Group LLC acquired a new position in shares of Brinker International during the 2nd quarter worth about $35,000. Finally, Global Retirement Partners LLC raised its stake in Brinker International by 1,233.3% in the 4th quarter. Global Retirement Partners LLC now owns 360 shares of the restaurant operator's stock valued at $52,000 after acquiring an additional 333 shares during the period.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Citigroup boosted their target price on shares of Brinker International from $227.00 to $282.00 and gave the company a "buy" rating in a research report on Thursday, August 13th. KeyCorp upped their target price on Brinker International from $204.00 to $275.00 and gave the stock an "overweight" rating in a research note on Thursday, August 13th. Mizuho raised their price target on shares of Brinker International from $175.00 to $275.00 and gave the company an "outperform" rating in a research note on Thursday, August 13th. Piper Sandler raised their price objective on Brinker International from $166.00 to $240.00 and gave the company a "neutral" rating in a report on Monday, August 17th. Finally, Bank of America lifted their target price on shares of Brinker International from $224.00 to $310.00 and gave the stock a "buy" rating in a research report on Friday, August 14th. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $244.30.

Insider Buying and Selling at Brinker International

In other Brinker International news, EVP George Felix sold 14,349 shares of the business's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $237.47, for a total transaction of $3,407,457.03. Following the completion of the sale, the executive vice president directly owned 6,293 shares of the company's stock, valued at approximately $1,494,398.71. The trade was a 69.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph DePinto sold 25,000 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $230.39, for a total value of $5,759,750.00. Following the completion of the sale, the director directly owned 77,812 shares of the company's stock, valued at approximately $17,927,106.68. This trade represents a 24.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 173,694 shares of company stock worth $41,568,690. 1.43% of the stock is currently owned by corporate insiders.

Brinker International Stock Performance

EAT opened at $214.95 on Friday. Brinker International, Inc. has a 1-year low of $100.30 and a 1-year high of $254.99. The company has a market cap of $8.98 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 1.11 and a beta of 1.25. The company's fifty day moving average price is $213.79 and its two-hundred day moving average price is $170.44. The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 0.95.

Brinker International (NYSE:EAT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the prior year, the business earned $2.30 earnings per share. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. On average, analysts expect that Brinker International, Inc. will post 13.24 EPS for the current fiscal year.

Brinker International Profile

Brinker International, Inc is a Dallas-based restaurant company that owns, operates and franchises casual dining restaurants. Its portfolio includes Chili's Grill & Bar, a full-service restaurant brand known for burgers, fajitas, ribs, steaks, Tex-Mex dishes and a broad beverage menu, and Maggiano's Little Italy, which specializes in Italian-American cuisine and family-style dining.

Chili's restaurants serve a wide range of lunch and dinner offerings in a casual, bar-and-grill setting, while Maggiano's locations offer traditional Italian dishes, including pasta, chicken, seafood and desserts.

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