Landscape Capital Management L.L.C. purchased a new position in shares of Brinker International, Inc. (NYSE:EAT – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,140 shares of the restaurant operator’s stock, valued at approximately $696,000.
Other institutional investors also recently modified their holdings of the company. Callan Family Office LLC acquired a new stake in shares of Brinker International during the 2nd quarter valued at $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 purchasing an additional 66,383 shares in the last quarter. Cynosure Group LLC acquired a new position in Brinker International in the 2nd quarter worth about $766,000. Swedbank AB bought a new position in Brinker International in the first quarter valued at about $3,855,000. Finally, Hsbc Holdings PLC raised its position in Brinker International by 155.9% in the fourth quarter. Hsbc Holdings PLC now owns 33,416 shares of the restaurant operator’s stock valued at $4,803,000 after purchasing an additional 20,356 shares during the last quarter.
Insider Buying and Selling
In related news, EVP George S. Felix sold 14,349 shares of Brinker International stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $237.47, for a total value of $3,407,457.03. Following the transaction, the executive vice president directly owned 6,293 shares of the company’s stock, valued at $1,494,398.71. The trade was a 69.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Aaron M. White sold 16,220 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $236.22, for a total value of $3,831,488.40. Following the completion of the sale, the executive vice president owned 42,756 shares in the company, valued at $10,099,822.32. The trade was a 27.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 133,105 shares of company stock valued at $32,070,729 over the last 90 days. 1.43% of the stock is currently owned by corporate insiders.
Brinker International Price Performance
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 analysts’ consensus estimates of $3.09 by ($0.02). The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Analysts predict that Brinker International, Inc. will post 13.24 earnings per share for the current year.
Analysts Set New Price Targets
A number of brokerages have recently commented on EAT. TD Cowen lifted their price target on Brinker International from $210.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Morgan Stanley upped their price objective on Brinker International from $207.00 to $250.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. DA Davidson raised their price objective on shares of Brinker International from $160.00 to $260.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Northcoast Research downgraded shares of Brinker International from a “buy” rating to a “neutral” rating in a research report on Friday, August 14th. Finally, Citigroup boosted their target price on shares of Brinker International from $227.00 to $282.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Brinker International currently has an average rating of “Moderate Buy” and a consensus price target of $238.05.
Get Our Latest Analysis on Brinker International
Brinker International 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.
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