Brinker International (NYSE:EAT) EVP Michaela Ware Sells 3,030 Shares of Stock

Key Points

• Executive Michaela Ware sold 3,030 Brinker International shares at an average price of $233.48, generating $707,444.40 and reducing her direct holdings by 14.76% to 17,494 shares.
• Brinker shares fell 1.3% to $230.92 in midday trading, despite strong recent performance; the stock has traded between $100.30 and $254.99 over the past year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $242.19, while the company reported quarterly revenue growth of 5.1% year over year but narrowly missed EPS estimates.

Brinker International, Inc. (NYSE:EAT - Get Free Report) EVP Michaela Ware sold 3,030 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $233.48, for a total value of $707,444.40. Following the completion of the sale, the executive vice president directly owned 17,494 shares of the company's stock, valued at $4,084,499.12. This trade represents a 14.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Brinker International Stock Down 1.3%

Shares of NYSE EAT traded down $3.06 during midday trading on Wednesday, hitting $230.92. 698,832 shares of the stock traded hands, compared to its average volume of 1,145,596. 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 business has a 50 day moving average price of $206.36 and a two-hundred day moving average price of $167.14. The company has a market cap of $9.64 billion, a PE ratio of 21.21, a P/E/G ratio of 1.18 and a beta of 1.23.

Brinker International (NYSE:EAT - Get Free Report) last issued its earnings results 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). The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Brinker International had a return on equity of 122.35% and a net margin of 8.39%.Brinker International's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.30 earnings per share. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. On average, equities analysts predict that Brinker International, Inc. will post 13.22 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EAT. Weiss Ratings raised shares of Brinker International from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. Morgan Stanley increased their price objective on Brinker International from $207.00 to $250.00 and gave the stock an "overweight" rating in a research note on Thursday, August 13th. Mizuho raised their target price on Brinker International from $175.00 to $275.00 and gave the company an "outperform" rating in a report on Thursday, August 13th. DA Davidson lifted their target price on Brinker International from $160.00 to $260.00 and gave the company a "neutral" rating in a research report on Thursday, August 13th. Finally, Stephens upped their price target on Brinker International from $220.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, August 13th. Seventeen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, Brinker International has a consensus rating of "Moderate Buy" and a consensus price target of $242.19.

Institutional Investors Weigh In On Brinker International

A number of institutional investors have recently added to or reduced their stakes in EAT. Caitong International Asset Management Co. Ltd bought a new position in shares of Brinker International during the 3rd quarter worth approximately $25,000. Transamerica Financial Advisors LLC grew its holdings in shares of Brinker International by 570.4% in the fourth quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator's stock valued at $26,000 after acquiring an additional 154 shares in the last quarter. Allworth Financial LP increased its position in shares of Brinker International by 58.5% during the third quarter. Allworth Financial LP now owns 225 shares of the restaurant operator's stock valued at $28,000 after acquiring an additional 83 shares during the last quarter. Kilter Group LLC bought a new stake in Brinker International during the second quarter worth $35,000. Finally, Global Retirement Partners LLC boosted its position in Brinker International by 1,233.3% in the fourth quarter. Global Retirement Partners LLC now owns 360 shares of the restaurant operator's stock worth $52,000 after purchasing an additional 333 shares during the last quarter.

Brinker International Company Profile

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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