LMG Wealth Partners LLC Acquires 328 Shares of Brinker International, Inc. $EAT

LMG Wealth Partners LLC lifted its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 9.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,888 shares of the restaurant operator’s stock after purchasing an additional 328 shares during the quarter. LMG Wealth Partners LLC’s holdings in Brinker International were worth $701,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sequoia Financial Advisors LLC increased its position in Brinker International by 5.9% during the second quarter. Sequoia Financial Advisors LLC now owns 1,462 shares of the restaurant operator’s stock worth $264,000 after buying an additional 81 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in shares of Brinker International by 0.7% during the 2nd quarter. Maryland State Retirement & Pension System now owns 13,043 shares of the restaurant operator’s stock worth $2,352,000 after acquiring an additional 85 shares in the last quarter. Yousif Capital Management LLC boosted its stake in shares of Brinker International by 0.7% during the 2nd quarter. Yousif Capital Management LLC now owns 12,097 shares of the restaurant operator’s stock worth $2,181,000 after acquiring an additional 85 shares in the last quarter. Rezny Wealth Management Inc. increased its holdings in shares of Brinker International by 0.9% during the 2nd quarter. Rezny Wealth Management Inc. now owns 11,581 shares of the restaurant operator’s stock valued at $2,088,000 after acquiring an additional 106 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Brinker International by 20.3% in the 2nd quarter. IFP Advisors Inc now owns 627 shares of the restaurant operator’s stock valued at $114,000 after acquiring an additional 106 shares in the last quarter.

Insider Activity at Brinker International

In other Brinker International news, CEO Kevin Hochman sold 44,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $157.82, for a total value of $6,944,080.00. Following the completion of the transaction, the chief executive officer owned 212,867 shares of the company’s stock, valued at $33,594,669.94. This represents a 17.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Douglas N. Comings sold 16,000 shares of Brinker International stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $156.48, for a total value of $2,503,680.00. Following the sale, the chief operating officer directly owned 12,951 shares in the company, valued at $2,026,572.48. The trade was a 55.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 68,325 shares of company stock worth $10,754,785 over the last three months. Company insiders own 1.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EAT. Stifel Nicolaus upped their target price on Brinker International from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, June 23rd. The Goldman Sachs Group decreased their price objective on shares of Brinker International from $207.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday, September 30th. Morgan Stanley raised their target price on shares of Brinker International from $149.00 to $161.00 and gave the company an “equal weight” rating in a research note on Thursday, August 14th. Wells Fargo & Company upgraded shares of Brinker International from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $165.00 to $175.00 in a report on Monday, September 22nd. Finally, UBS Group upped their price target on shares of Brinker International from $155.00 to $165.00 and gave the company a “neutral” rating in a report on Thursday, August 14th. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $169.06.

Brinker International Trading Down 0.6%

Shares of EAT stock opened at $127.54 on Monday. The firm has a market capitalization of $5.67 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 0.84 and a beta of 1.38. Brinker International, Inc. has a 1 year low of $89.77 and a 1 year high of $192.21. The firm’s fifty day simple moving average is $144.02 and its 200 day simple moving average is $154.00. The company has a current ratio of 0.31, a quick ratio of 0.25 and a debt-to-equity ratio of 1.15.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.02. The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. Brinker International had a net margin of 7.12% and a return on equity of 211.86%. The business’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period last year, the business posted $1.61 EPS. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, sell-side analysts predict that Brinker International, Inc. will post 8.3 EPS for the current year.

Brinker International Profile

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.