Axim Planning & Wealth Invests $205,000 in Brinker International, Inc. $EAT

Axim Planning & Wealth bought a new position in Brinker International, Inc. (NYSE:EAT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,136 shares of the restaurant operator’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Westfield Capital Management Co. LP boosted its position in Brinker International by 102.0% during the first quarter. Westfield Capital Management Co. LP now owns 995,713 shares of the restaurant operator’s stock valued at $148,411,000 after purchasing an additional 502,897 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Brinker International by 5.1% during the first quarter. Dimensional Fund Advisors LP now owns 967,550 shares of the restaurant operator’s stock valued at $144,201,000 after purchasing an additional 46,896 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Brinker International by 28.2% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 600,134 shares of the restaurant operator’s stock valued at $89,450,000 after purchasing an additional 132,000 shares during the last quarter. Hennessy Advisors Inc. boosted its position in Brinker International by 2.4% during the second quarter. Hennessy Advisors Inc. now owns 577,600 shares of the restaurant operator’s stock valued at $104,159,000 after purchasing an additional 13,700 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Brinker International by 4.3% during the first quarter. Invesco Ltd. now owns 510,993 shares of the restaurant operator’s stock valued at $76,164,000 after purchasing an additional 21,270 shares during the last quarter.

Brinker International Price Performance

NYSE:EAT opened at $104.55 on Wednesday. The stock has a market cap of $4.65 billion, a P/E ratio of 10.84, a PEG ratio of 0.77 and a beta of 1.38. Brinker International, Inc. has a one year low of $103.41 and a one year high of $192.21. The company has a fifty day moving average price of $135.63 and a 200 day moving average price of $152.07. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.35 and a quick ratio of 0.25.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, October 29th. The restaurant operator reported $1.93 EPS for the quarter, beating the consensus estimate of $1.76 by $0.17. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Brinker International had a net margin of 7.94% and a return on equity of 164.66%. The business’s quarterly 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 EPS. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on EAT shares. JPMorgan Chase & Co. reduced their price objective on Brinker International from $175.00 to $155.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Mizuho assumed coverage on shares of Brinker International in a research report on Tuesday, October 28th. They issued an “outperform” rating and a $155.00 target price for the company. Wall Street Zen downgraded shares of Brinker International from a “buy” rating to a “hold” rating in a research report on Saturday. Bank of America raised shares of Brinker International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $190.00 to $192.00 in a research report on Monday, October 6th. Finally, Citigroup reduced their price target on Brinker International from $156.00 to $144.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $165.67.

Insider Buying and Selling at Brinker International

In other Brinker International news, Director Harriet Edelman sold 8,325 shares of the company’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $157.00, for a total value of $1,307,025.00. Following the completion of the transaction, the director owned 28,905 shares of the company’s stock, valued at $4,538,085. This represents a 22.36% 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 the company’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $156.48, for a total value of $2,503,680.00. Following the completion of the transaction, the chief operating officer directly owned 12,951 shares of the company’s stock, valued at approximately $2,026,572.48. This trade represents a 55.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 68,325 shares of company stock valued at $10,754,785 in the last quarter. Corporate insiders own 1.43% of the company’s stock.

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.