Brinker International (NYSE:EAT) Trading Up 7.4% – What’s Next?

Shares of Brinker International, Inc. (NYSE:EAT) traded up 7.4% during trading on Wednesday . The company traded as high as $114.15 and last traded at $113.6850. 1,152,747 shares changed hands during trading, a decline of 22% from the average session volume of 1,482,893 shares. The stock had previously closed at $105.81.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on EAT shares. Piper Sandler upped their price objective on shares of Brinker International from $155.00 to $168.00 and gave the stock a “neutral” rating in a report on Thursday, August 14th. Morgan Stanley lowered their target price on shares of Brinker International from $161.00 to $160.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Brinker International in a research note on Thursday, October 30th. Jefferies Financial Group decreased their price objective on Brinker International from $175.00 to $144.00 and set a “hold” rating for the company in a report on Monday, October 13th. Finally, UBS Group dropped their target price on Brinker International from $165.00 to $144.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. Ten research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $165.67.

Brinker International Stock Up 7.4%

The stock’s 50-day moving average price is $130.45 and its two-hundred day moving average price is $150.23. The company has a current ratio of 0.35, a quick ratio of 0.25 and a debt-to-equity ratio of 1.53. The stock has a market capitalization of $5.05 billion, a P/E ratio of 11.78, a P/E/G ratio of 0.77 and a beta of 1.38.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.17. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Brinker International had a return on equity of 164.66% and a net margin of 7.94%.Brinker International’s revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, research analysts expect that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Brinker International

In other Brinker International news, CEO Kevin Hochman sold 44,000 shares of the firm’s stock in a transaction on Wednesday, August 27th. The shares were 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 directly owned 212,867 shares of the company’s stock, valued at $33,594,669.94. This trade represents a 17.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Harriet Edelman sold 8,325 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $157.00, for a total transaction of $1,307,025.00. Following the completion of the transaction, the director directly owned 28,905 shares in the company, valued at approximately $4,538,085. The trade was a 22.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 68,325 shares of company stock valued at $10,754,785 in the last 90 days. 1.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EAT. Norges Bank purchased a new stake in Brinker International during the second quarter valued at about $98,731,000. Alyeska Investment Group L.P. bought a new position in Brinker International in the 1st quarter worth $76,114,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Brinker International by 86.4% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,091,692 shares of the restaurant operator’s stock worth $196,865,000 after acquiring an additional 506,087 shares during the period. Westfield Capital Management Co. LP raised its holdings in Brinker International by 102.0% in the first quarter. Westfield Capital Management Co. LP now owns 995,713 shares of the restaurant operator’s stock worth $148,411,000 after purchasing an additional 502,897 shares in the last quarter. Finally, Mane Global Capital Management LP purchased a new stake in Brinker International in the second quarter worth about $68,695,000.

About Brinker International

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.