Brinker International (NYSE:EAT) SVP Daniel Fuller Sells 1,909 Shares of Stock

Brinker International, Inc. (NYSE:EATGet Free Report) SVP Daniel Fuller sold 1,909 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $253.54, for a total value of $484,007.86. Following the completion of the transaction, the senior vice president directly owned 30,177 shares of the company’s stock, valued at approximately $7,651,076.58. This trade represents a 5.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Brinker International Price Performance

EAT stock traded down $8.18 during midday trading on Wednesday, hitting $240.52. The company’s stock had a trading volume of 619,679 shares, compared to its average volume of 1,153,645. Brinker International, Inc. has a 12 month low of $100.30 and a 12 month high of $254.99. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.95. The company has a 50 day moving average of $199.35 and a two-hundred day moving average of $164.77. The firm has a market capitalization of $10.04 billion, a price-to-earnings ratio of 22.09, a price-to-earnings-growth ratio of 1.31 and a beta of 1.24.

Brinker International (NYSE:EATGet Free Report) last posted its 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). Brinker International had a return on equity of 122.35% and a net margin of 8.39%.The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the firm posted $2.30 earnings per share. Brinker International’s quarterly revenue was up 5.1% on a year-over-year basis. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. On average, analysts expect that Brinker International, Inc. will post 13.24 EPS for the current year.

Hedge Funds Weigh In On Brinker International

A number of institutional investors have recently modified their holdings of EAT. NewEdge Advisors LLC lifted its holdings in shares of Brinker International by 1,118.9% in 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 during the period. EverSource Wealth Advisors LLC grew its holdings in Brinker International by 271.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 846 shares of the restaurant operator’s stock worth $153,000 after acquiring an additional 618 shares in the last quarter. First Trust Advisors LP increased its position in Brinker International by 1.9% during the 2nd quarter. First Trust Advisors LP now owns 52,249 shares of the restaurant operator’s stock valued at $9,422,000 after purchasing an additional 978 shares during the period. Baird Financial Group Inc. purchased a new position in Brinker International during the 2nd quarter valued at about $3,222,000. Finally, Brown Advisory Inc. increased its position in 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 purchasing an additional 444 shares during the period.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Brinker International from $220.00 to $280.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Piper Sandler raised their price target on Brinker International from $166.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday, August 17th. Stephens boosted their price objective on Brinker International from $220.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. UBS Group upped their price objective on Brinker International from $190.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Finally, Barclays increased their target price on Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Seventeen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $242.19.

Check Out Our Latest Stock Analysis on Brinker International

About Brinker International

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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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