Brinker International, Inc. (NYSE:EAT - Get Free Report) SVP James Butler sold 10,000 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $240.37, for a total transaction of $2,403,700.00. Following the sale, the senior vice president directly owned 9,064 shares in the company, valued at $2,178,713.68. The trade was a 52.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Brinker International Price Performance
EAT stock opened at $253.87 on Tuesday. The company has a market capitalization of $10.60 billion, a P/E ratio of 23.31, a PEG ratio of 1.27 and a beta of 1.23. The company has a fifty day moving average price of $197.46 and a 200-day moving average price of $164.16. 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 52-week low of $100.30 and a 52-week high of $254.94.
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 for the quarter, missing the consensus estimate of $3.09 by ($0.02). The business 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%.The business's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. As a group, equities analysts expect that Brinker International, Inc. will post 13.24 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. Morgan Stanley raised their price objective on Brinker International from $207.00 to $250.00 and gave the stock an "overweight" rating in a research report on Thursday, August 13th. 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. UBS Group raised their price target on shares of Brinker International from $190.00 to $260.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Robert W. Baird started coverage on shares of Brinker International in a research report on Monday. They issued an "outperform" rating and a $325.00 price target on the stock. Finally, Piper Sandler upped their price objective on shares of Brinker International from $166.00 to $240.00 and gave the company a "neutral" rating in a research note on Monday, August 17th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $242.19.
View Our Latest Stock Analysis on Brinker International
Institutional Investors Weigh In On Brinker International
Hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its holdings in shares of Brinker International by 1,118.9% during the 1st quarter. NewEdge Advisors LLC now owns 1,158 shares of the restaurant operator's stock worth $173,000 after buying an additional 1,063 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Brinker International by 271.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 846 shares of the restaurant operator's stock valued at $153,000 after acquiring an additional 618 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Brinker International by 1.9% in the 2nd quarter. First Trust Advisors LP now owns 52,249 shares of the restaurant operator's stock valued at $9,422,000 after acquiring an additional 978 shares in the last quarter. Baird Financial Group Inc. acquired a new position in shares of Brinker International during the 2nd quarter valued at $3,222,000. Finally, Brown Advisory Inc. lifted its position in shares of Brinker International by 33.0% during the 2nd quarter. Brown Advisory Inc. now owns 1,789 shares of the restaurant operator's stock valued at $323,000 after acquiring an additional 444 shares during the period.
About Brinker International
(
Get Free Report)
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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