Insider Selling: Brinker International (NYSE:EAT) SVP Sells 10,000 Shares

Key Points

• Brinker International SVP James Butler sold 10,000 shares at an average price of $240.37, generating $2.4 million. The sale reduced his ownership by 52.45%, leaving him with 9,064 shares.
• Brinker shares rose 3.2% to $253.87, near their 12-month high of $254.94. The company’s latest quarterly revenue increased 5.1% year over year to $1.54 billion, though earnings per share slightly missed analyst expectations.
• Analyst sentiment remains favorable, with 17 Buy ratings and seven Holds producing a “Moderate Buy” consensus and an average price target of $242.19. Recent target changes ranged from $175 at Barclays to $325 at Robert W. Baird.

Brinker International, Inc. (NYSE:EAT - Get Free Report) SVP James Butler sold 10,000 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $240.37, for a total value of $2,403,700.00. Following the sale, the senior vice president owned 9,064 shares of the company's stock, valued at $2,178,713.68. This trade represents a 52.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Brinker International Stock Up 3.2%

EAT traded up $7.81 on Monday, hitting $253.87. The company had a trading volume of 959,068 shares, compared to its average volume of 1,160,052. The stock has a fifty day moving average price of $195.50 and a 200-day moving average price of $163.53. Brinker International, Inc. has a 12-month low of $100.30 and a 12-month high of $254.94. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.40 and a current ratio of 0.45. The stock has a market capitalization of $10.60 billion, a price-to-earnings ratio of 23.31, a P/E/G ratio of 1.27 and a beta of 1.24.

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 the consensus estimate of $3.09 by ($0.02). Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The firm had revenue of $1.54 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same period in the previous year, the company posted $2.30 earnings per share. The business'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. Analysts predict that Brinker International, Inc. will post 13.24 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on EAT shares. Barclays increased their price objective on Brinker International from $170.00 to $175.00 and gave the company an "equal weight" rating in a report on Thursday, April 30th. UBS Group upped their target price on Brinker International from $190.00 to $260.00 and gave the company a "buy" rating in a research report on Monday, August 10th. Robert W. Baird began coverage on Brinker International in a research note on Monday. They issued an "outperform" rating and a $325.00 price target for the company. DA Davidson raised their price target on Brinker International from $160.00 to $260.00 and gave the stock a "neutral" rating in a report on Thursday, August 13th. Finally, Weiss Ratings upgraded Brinker International from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Seventeen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, Brinker International currently has an average rating of "Moderate Buy" and a consensus target price of $242.19.

Hedge Funds Weigh In On Brinker International

Several hedge funds have recently made changes to their positions in the company. California State Teachers Retirement System raised its stake in Brinker International by 16,319.0% in 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 acquiring an additional 8,419,638 shares during the last quarter. Nilsine Partners LLC grew its stake in Brinker International by 3.5% during the 2nd quarter. Nilsine Partners LLC now owns 19,541 shares of the restaurant operator's stock valued at $3,283,000 after purchasing an additional 665 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in Brinker International by 5.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 4,528 shares of the restaurant operator's stock valued at $761,000 after purchasing an additional 246 shares during the last quarter. AXQ Capital LP purchased a new stake in Brinker International in the second quarter valued at approximately $586,000. Finally, Nykredit A S purchased a new position in Brinker International during the 2nd quarter worth approximately $281,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source