Brinker International (NYSE:EAT) Director Joseph Michael Depinto Sells 25,000 Shares of Stock

Key Points

• Brinker International Director Joseph Michael Depinto sold 25,000 shares at an average price of $230.39, generating approximately $5.76 million. His remaining direct ownership fell 24.32% to 77,812 shares.
• Shares traded down 0.7% to $228.57, while the company’s latest quarter showed revenue rising 5.1% year over year to $1.54 billion; EPS of $3.07 slightly missed analyst expectations.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $242.19. Several firms recently raised their targets, including Bank of America to $310 and Mizuho and KeyCorp to $275.

Brinker International, Inc. (NYSE:EAT - Get Free Report) Director Joseph Michael Depinto sold 25,000 shares of the firm's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $230.39, for a total transaction of $5,759,750.00. Following the completion of the transaction, the director directly owned 77,812 shares in the company, valued at $17,927,106.68. This trade represents a 24.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Brinker International Stock Down 0.7%

EAT traded down $1.62 during midday trading on Monday, reaching $228.57. 846,941 shares of the company were exchanged, compared to its average volume of 1,149,239. The company has a market cap of $9.55 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 1.19 and a beta of 1.23. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.40 and a current ratio of 0.45. Brinker International, Inc. has a one year low of $100.30 and a one year high of $254.99. The company's fifty day moving average price is $203.67 and its 200 day moving average price is $166.21.

Brinker International (NYSE:EAT - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 EPS for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). The company had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The company's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.30 earnings per share. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. As a group, analysts expect that Brinker International, Inc. will post 13.22 EPS for the current year.

Institutional Trading of Brinker International

Hedge funds and other institutional investors have recently modified their holdings of the business. Transamerica Financial Advisors LLC lifted its position in shares of Brinker International by 570.4% during the fourth quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator's stock worth $26,000 after acquiring an additional 154 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Brinker International during the 3rd quarter valued at $25,000. Kilter Group LLC purchased a new stake in Brinker International during the 2nd quarter worth about $35,000. Allworth Financial LP lifted its holdings in 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 in the last quarter. Finally, CoreCap Advisors LLC boosted its stake in Brinker International by 33,000.0% in the 2nd quarter. CoreCap Advisors LLC now owns 331 shares of the restaurant operator's stock worth $56,000 after purchasing an additional 330 shares during the period.

Analysts Set New Price Targets

A number of brokerages recently commented on EAT. Weiss Ratings raised Brinker International from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Mizuho lifted their target price on Brinker International from $175.00 to $275.00 and gave the stock an "outperform" rating in a research note on Thursday, August 13th. Bank of America boosted their price target on shares of Brinker International from $224.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, August 14th. Piper Sandler raised their price objective on shares of Brinker International from $166.00 to $240.00 and gave the stock a "neutral" rating in a report on Monday, August 17th. Finally, KeyCorp lifted their price objective on shares of Brinker International from $204.00 to $275.00 and gave the stock an "overweight" rating in a research report on Thursday, August 13th. Seventeen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $242.19.

About Brinker International

Brinker International, Inc NYSE: EAT is a leading global operator of casual dining restaurants. The company's portfolio is anchored by its flagship Chili's® Grill & Bar concept and Maggiano's® Little Italy full‐service restaurants, offering a range of American‐style menu items, handcrafted cocktails and family‐friendly dining experiences. Through dine‐in, takeout, delivery and catering services, Brinker seeks to meet consumer preferences across multiple channels.

The Chili's brand features signature items such as baby back ribs, burgers and fajitas alongside a rotating selection of limited‐time offerings and seasonal beverages.

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