Brinker International, Inc. $EAT Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. decreased its stake in Brinker International, Inc. (NYSE:EAT) by 8.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 55,446 shares of the restaurant operator’s stock after selling 5,253 shares during the period. Russell Investments Group Ltd.’s holdings in Brinker International were worth $9,998,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Concord Wealth Partners acquired a new stake in Brinker International in the second quarter worth $25,000. Allworth Financial LP boosted its holdings in shares of Brinker International by 105.8% during the second quarter. Allworth Financial LP now owns 142 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 73 shares during the period. AdvisorNet Financial Inc bought a new position in shares of Brinker International during the second quarter worth about $33,000. National Bank of Canada FI increased its holdings in shares of Brinker International by 227.3% in the 1st quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator’s stock worth $38,000 after acquiring an additional 175 shares during the period. Finally, GPS Wealth Strategies Group LLC lifted its position in Brinker International by 52.1% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 219 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 75 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have commented on the stock. 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. UBS Group reduced their price objective on Brinker International from $165.00 to $144.00 and set a “neutral” rating for the company in a research report on Monday, October 27th. Evercore ISI raised Brinker International from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $190.00 to $210.00 in a report on Thursday, September 4th. The Goldman Sachs Group lowered their target price on Brinker International from $207.00 to $180.00 and set a “buy” rating on the stock in a research report on Tuesday, September 30th. Finally, Morgan Stanley reduced their price target on Brinker International from $161.00 to $160.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 22nd. Ten research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $167.44.

Brinker International Price Performance

Shares of NYSE:EAT opened at $149.23 on Wednesday. The stock has a market cap of $6.63 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 1.04 and a beta of 1.35. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.35 and a quick ratio of 0.29. Brinker International, Inc. has a 12 month low of $100.30 and a 12 month high of $192.21. The stock’s 50 day moving average price is $125.98 and its 200 day moving average price is $149.59.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.17. The firm 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%.The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the company posted $0.95 EPS. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Equities research analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Insider Activity

In other Brinker International news, COO Douglas N. Comings sold 16,000 shares of the business’s 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 sale, the chief operating officer owned 12,951 shares in the company, valued at approximately $2,026,572.48. The trade was a 55.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.43% of the stock is owned by company insiders.

Brinker International Company Profile

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.