Wealth High Governance Capital Ltda Buys Shares of 22,081 Brinker International, Inc. $EAT

Wealth High Governance Capital Ltda bought a new position in shares of Brinker International, Inc. (NYSE:EAT) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 22,081 shares of the restaurant operator’s stock, valued at approximately $3,710,000. Wealth High Governance Capital Ltda owned about 0.05% of Brinker International at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP raised its position in shares of Brinker International by 58.5% in the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 83 shares during the period. Rezny Wealth Management Inc. grew its holdings in Brinker International by 0.8% during the fourth quarter. Rezny Wealth Management Inc. now owns 11,738 shares of the restaurant operator’s stock valued at $1,685,000 after purchasing an additional 92 shares during the period. New Age Alpha Advisors LLC grew its holdings in Brinker International by 4.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 2,047 shares of the restaurant operator’s stock valued at $294,000 after purchasing an additional 94 shares during the period. Smith Group Asset Management LLC grew its holdings in Brinker International by 0.5% during the second quarter. Smith Group Asset Management LLC now owns 20,669 shares of the restaurant operator’s stock valued at $3,472,000 after purchasing an additional 104 shares during the period. Finally, Aviva PLC increased its stake in Brinker International by 2.8% in the fourth quarter. Aviva PLC now owns 4,123 shares of the restaurant operator’s stock valued at $592,000 after purchasing an additional 112 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on EAT shares. KeyCorp lifted their price target on shares of Brinker International from $204.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, August 13th. Piper Sandler upped their price objective on shares of Brinker International from $166.00 to $240.00 and gave the company a “neutral” rating in a research report on Monday, August 17th. UBS Group raised their price objective on Brinker International from $190.00 to $260.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. DA Davidson lifted their target price on Brinker International from $160.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Finally, BMO Capital Markets boosted their target price on Brinker International from $175.00 to $230.00 and gave the company a “market perform” rating in a research note on Thursday, August 13th. Sixteen 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 presently has an average rating of “Moderate Buy” and an average price target of $238.05.

Brinker International Stock Performance

Shares of EAT opened at $246.06 on Monday. The firm has a market cap of $10.28 billion, a P/E ratio of 22.60, a PEG ratio of 1.27 and a beta of 1.24. Brinker International, Inc. has a twelve month low of $100.30 and a twelve month high of $253.71. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.40 and a current ratio of 0.45. The firm’s 50 day moving average price is $195.50 and its two-hundred day moving average price is $163.53.

Brinker International (NYSE:EAT) last issued its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.09 by ($0.02). Brinker International had a return on equity of 122.35% and a net margin of 8.39%.The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the company earned $2.30 EPS. The firm’s 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 forecast that Brinker International, Inc. will post 13.24 EPS for the current fiscal year.

Insider Transactions at Brinker International

In other news, EVP Aaron M. White sold 16,220 shares of the business’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $236.22, for a total value of $3,831,488.40. Following the sale, the executive vice president directly 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Douglas N. Comings sold 5,000 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $236.29, for a total value of $1,181,450.00. Following the transaction, the chief operating officer directly owned 17,527 shares of the company’s stock, valued at $4,141,454.83. This represents a 22.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 133,105 shares of company stock worth $32,070,729. Company insiders own 1.43% of the company’s stock.

About Brinker International

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.