Brinker International, Inc. (NYSE:EAT - Get Free Report) Director Joseph Michael Depinto sold 25,000 shares of the company's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $230.39, for a total transaction of $5,759,750.00. Following the completion of the sale, the director directly owned 77,812 shares of the company's stock, valued at $17,927,106.68. The trade was a 24.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Brinker International Trading Down 0.7%
NYSE:EAT opened at $228.57 on Tuesday. Brinker International, Inc. has a 52 week low of $100.30 and a 52 week high of $254.99. The firm has a 50-day moving average price of $204.96 and a two-hundred day moving average price of $166.66. 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 firm 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.
Brinker International (NYSE:EAT - Get Free Report) last announced its earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). The business had revenue of $1.54 billion during the quarter, compared to analysts' expectations of $1.53 billion. Brinker International had a return on equity of 122.35% and a net margin of 8.39%.Brinker International's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. On average, equities analysts expect that Brinker International, Inc. will post 13.22 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts have weighed in on EAT shares. Weiss Ratings raised Brinker International from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, August 11th. DA Davidson raised 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. Wells Fargo & Company lifted their target price on Brinker International from $220.00 to $280.00 and gave the stock an "overweight" rating in a research note on Thursday, August 13th. Stephens boosted their price target on shares of Brinker International from $220.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, August 13th. Finally, Robert W. Baird assumed coverage on shares of Brinker International in a research report on Monday, August 24th. They set an "outperform" rating and a $325.00 price target for the company. Seventeen equities 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $242.19.
View Our Latest Stock Analysis on EAT
Hedge Funds Weigh In On Brinker International
Several institutional investors have recently bought and sold shares of EAT. Deutsche Bank AG lifted its position in shares of Brinker International by 18.0% during the 2nd quarter. Deutsche Bank AG now owns 63,795 shares of the restaurant operator's stock valued at $10,718,000 after buying an additional 9,733 shares during the last quarter. Callan Family Office LLC purchased a new stake in Brinker International in the 2nd quarter worth about $2,258,000. Bank of America Corp DE increased its holdings in Brinker International by 37.7% in the 1st quarter. Bank of America Corp DE now owns 242,648 shares of the restaurant operator's stock worth $34,643,000 after acquiring an additional 66,383 shares during the last quarter. Cynosure Group LLC bought a new stake in Brinker International in the 2nd quarter valued at about $766,000. Finally, Swedbank AB bought a new stake in Brinker International in the 1st quarter valued at about $3,855,000.
Brinker International Company Profile
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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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