Insider Selling: Brinker International (NYSE:EAT) Director Sells $143,058.50 in Stock

Key Points

• Insider sale: Director James Katzman sold 650 Brinker International shares for approximately $143,059, reducing his stake by 2.52% to 25,094 shares.
• Recent performance: Brinker reported quarterly revenue of $1.54 billion, up 5.1% year over year, while adjusted earnings of $3.07 per share narrowly missed analyst expectations.
• Analyst outlook: The stock has a “Moderate Buy” consensus rating from analysts, with an average price target of $244.30 versus a recent trading price of $214.95.

Brinker International, Inc. (NYSE:EAT - Get Free Report) Director James Katzman sold 650 shares of the company's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $220.09, for a total value of $143,058.50. Following the sale, the director owned 25,094 shares of the company's stock, valued at approximately $5,522,938.46. This trade represents a 2.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Brinker International Stock Performance

Brinker International stock traded down $0.36 during trading on Thursday, reaching $214.95. The company had a trading volume of 1,135,303 shares, compared to its average volume of 1,140,506. Brinker International, Inc. has a 52 week low of $100.30 and a 52 week high of $254.99. The company has a current ratio of 0.45, a quick ratio of 0.40 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $8.98 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 1.15 and a beta of 1.25. The firm's 50-day simple moving average is $213.04 and its 200 day simple moving average is $169.96.

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 for the quarter, missing the consensus estimate of $3.09 by ($0.02). Brinker International had a return on equity of 122.35% and a net margin of 8.39%.The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the company posted $2.30 EPS. The company's quarterly revenue was up 5.1% on a year-over-year basis. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Sell-side analysts forecast that Brinker International, Inc. will post 13.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brinker International

Several hedge funds have recently added to or reduced their stakes in EAT. California State Teachers Retirement System grew its stake in shares of Brinker International by 16,319.0% during the 2nd quarter. California State Teachers Retirement System now owns 8,471,232 shares of the restaurant operator's stock worth $1,423,167,000 after purchasing an additional 8,419,638 shares during the period. Balyasny Asset Management L.P. increased its holdings in shares of Brinker International by 667.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator's stock valued at $163,938,000 after purchasing an additional 993,435 shares in the last quarter. UBS Group AG lifted its stake in shares of Brinker International by 155.2% in the 3rd quarter. UBS Group AG now owns 1,464,389 shares of the restaurant operator's stock valued at $185,509,000 after purchasing an additional 890,593 shares during the period. Norges Bank acquired a new position in shares of Brinker International in the 4th quarter valued at $83,603,000. Finally, Capital World Investors boosted its stake in shares of Brinker International by 96.5% during the 4th quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator's stock worth $163,306,000 after acquiring an additional 558,799 shares in the last quarter.

Analyst Ratings Changes

EAT has been the subject of several recent analyst reports. Stephens boosted their target price on Brinker International from $220.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, August 13th. DA Davidson raised their target price on shares of Brinker International from $160.00 to $260.00 and gave the company a "neutral" rating in a research report on Thursday, August 13th. KeyCorp raised their price target on shares of Brinker International from $204.00 to $275.00 and gave the company an "overweight" rating in a report on Thursday, August 13th. Piper Sandler increased their price objective on shares of Brinker International from $166.00 to $240.00 and gave the company a "neutral" rating in a research report on Monday, August 17th. Finally, Citigroup boosted their price target on Brinker International from $227.00 to $282.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Brinker International presently has a consensus rating of "Moderate Buy" and an average target price of $244.30.

Brinker International Company 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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