AlphaQuest LLC Has $519,000 Stock Holdings in Brinker International, Inc. $EAT

AlphaQuest LLC increased its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 248.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,879 shares of the restaurant operator’s stock after purchasing an additional 2,052 shares during the period. AlphaQuest LLC’s holdings in Brinker International were worth $519,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in EAT. Concord Wealth Partners acquired a new stake in Brinker International in the second quarter valued at approximately $25,000. AdvisorNet Financial Inc acquired a new stake in Brinker International in the second quarter valued at approximately $33,000. National Bank of Canada FI grew its stake in Brinker International by 227.3% in the first quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator’s stock valued at $38,000 after acquiring an additional 175 shares during the period. Ameritas Advisory Services LLC acquired a new stake in Brinker International in the second quarter valued at approximately $49,000. Finally, Virtus Advisers LLC acquired a new stake in Brinker International in the first quarter valued at approximately $54,000.

Insider Activity at Brinker International

In related news, CEO Kevin Hochman sold 44,000 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $157.82, for a total transaction of $6,944,080.00. Following the sale, the chief executive officer directly owned 212,867 shares in the company, valued at approximately $33,594,669.94. The trade was a 17.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Douglas N. Comings sold 16,000 shares of the business’s stock in a transaction 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 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 68,325 shares of company stock worth $10,754,785. 1.43% of the stock is owned by company insiders.

Brinker International Stock Performance

Shares of EAT opened at $124.59 on Wednesday. The firm has a market cap of $5.54 billion, a PE ratio of 14.99, a PEG ratio of 0.83 and a beta of 1.38. The stock’s fifty day moving average price is $140.20 and its two-hundred day moving average price is $153.52. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.31 and a quick ratio of 0.25. Brinker International, Inc. has a 1 year low of $95.60 and a 1 year high of $192.21.

Brinker International (NYSE:EAT) last issued its earnings results on Wednesday, August 13th. The restaurant operator reported $2.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.02. The firm had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.42 billion. Brinker International had a return on equity of 211.86% and a net margin of 7.12%.The business’s revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.61 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. On average, equities research analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. The Goldman Sachs Group reduced their price objective on Brinker International from $207.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday, September 30th. Evercore ISI upgraded Brinker International from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $190.00 to $210.00 in a report on Thursday, September 4th. Wells Fargo & Company upgraded Brinker International from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $165.00 to $175.00 in a report on Monday, September 22nd. Mizuho assumed coverage on Brinker International in a report on Tuesday. They set an “outperform” rating and a $155.00 price target for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Brinker International in a report on Wednesday, October 8th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Brinker International currently has a consensus rating of “Moderate Buy” and an average target price of $168.83.

Brinker International 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.