Triton Wealth Management PLLC Buys Shares of 2,932 Brinker International, Inc. $EAT

Triton Wealth Management PLLC purchased a new stake in shares of Brinker International, Inc. (NYSE:EAT) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,932 shares of the restaurant operator’s stock, valued at approximately $529,000.

Several other institutional investors and hedge funds have also modified their holdings of EAT. Alyeska Investment Group L.P. bought a new stake in Brinker International in the first quarter worth $76,114,000. Westfield Capital Management Co. LP boosted 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. Nuveen LLC bought a new stake in Brinker International in the first quarter worth $55,808,000. Samlyn Capital LLC bought a new stake in Brinker International in the first quarter worth $44,557,000. Finally, Lord Abbett & CO. LLC bought a new stake in Brinker International in the first quarter worth $24,891,000.

Insider Activity

In other news, Director Harriet Edelman sold 8,325 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were 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 owned 28,905 shares of the company’s stock, valued at approximately $4,538,085. This represents a 22.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Douglas N. Comings sold 16,000 shares of the stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $156.48, for a total transaction 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 $2,026,572.48. This trade represents a 55.27% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 68,325 shares of company stock valued at $10,754,785. Insiders own 1.43% of the company’s stock.

Brinker International Stock Up 2.6%

Shares of EAT opened at $131.90 on Wednesday. The company has a 50-day simple moving average of $145.73 and a 200-day simple moving average of $154.38. The firm has a market capitalization of $5.86 billion, a P/E ratio of 15.87, a P/E/G ratio of 0.85 and a beta of 1.38. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.25 and a current ratio of 0.31. Brinker International, Inc. has a 52 week low of $88.63 and a 52 week high of $192.21.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, August 13th. The restaurant operator reported $2.49 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.02. The business had revenue of $1.46 billion during 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 firm’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.61 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. On average, equities research analysts expect that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on EAT shares. Stifel Nicolaus upped their price objective on shares of Brinker International from $200.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Jefferies Financial Group decreased their price objective on shares of Brinker International from $175.00 to $144.00 and set a “hold” rating for the company in a report on Monday. JPMorgan Chase & Co. upgraded shares of Brinker International from a “neutral” rating to an “overweight” rating and set a $175.00 price objective for the company in a report on Tuesday, October 7th. Citigroup decreased their price objective on shares of Brinker International from $168.00 to $156.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Morgan Stanley boosted their target price on shares of Brinker International from $149.00 to $161.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 14th. Nine investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $169.06.

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.