Brinker International, Inc. $EAT Shares Sold by Junto Capital Management LP

Junto Capital Management LP lessened its stake in shares of Brinker International, Inc. (NYSE:EAT) by 26.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 177,038 shares of the restaurant operator’s stock after selling 63,497 shares during the quarter. Junto Capital Management LP’s holdings in Brinker International were worth $29,742,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Transamerica Financial Advisors LLC raised its stake in shares of Brinker International by 570.4% in the 4th quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 154 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in shares of Brinker International during the 3rd quarter worth approximately $25,000. Kilter Group LLC acquired a new stake in Brinker International in the 2nd quarter valued at approximately $35,000. Allworth Financial LP increased its holdings in 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 purchasing an additional 83 shares during the last quarter. Finally, CoreCap Advisors LLC raised its position in Brinker International by 33,000.0% in the second quarter. CoreCap Advisors LLC now owns 331 shares of the restaurant operator’s stock valued at $56,000 after purchasing an additional 330 shares during the period.

Analysts Set New Price Targets

A number of research firms have commented on EAT. Robert W. Baird started coverage on Brinker International in a research note on Monday, August 24th. They set an “outperform” rating and a $325.00 price target on the stock. Stephens lifted their price objective on Brinker International from $220.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, August 13th. Morgan Stanley boosted their price objective on Brinker International from $207.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, August 13th. BMO Capital Markets increased their target price on Brinker International from $175.00 to $230.00 and gave the stock a “market perform” rating in a research note on Thursday, August 13th. Finally, UBS Group raised their target price on Brinker International from $190.00 to $260.00 and gave the company a “buy” rating in a report on Monday, August 10th. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Brinker International currently has an average rating of “Moderate Buy” and a consensus price target of $243.80.

Insider Activity

In other news, SVP James M. Butler sold 10,000 shares of Brinker International stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $240.37, for a total value of $2,403,700.00. Following the completion of the transaction, the senior vice president owned 9,064 shares in the company, valued at approximately $2,178,713.68. This trade represents a 52.45% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kevin Hochman sold 40,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $243.15, for a total value of $9,726,000.00. Following the transaction, the chief executive officer directly owned 144,090 shares of the company’s stock, valued at approximately $35,035,483.50. This represents a 21.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 173,044 shares of company stock worth $41,425,632 over the last three months. Company insiders own 1.43% of the company’s stock.

Brinker International Stock Performance

Shares of EAT stock opened at $215.31 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.95. Brinker International, Inc. has a 52 week low of $100.30 and a 52 week high of $254.99. The stock has a market capitalization of $8.99 billion, a PE ratio of 19.77, a P/E/G ratio of 1.15 and a beta of 1.25. The firm has a 50 day moving average of $213.04 and a two-hundred day moving average of $169.96.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Brinker International had a return on equity of 122.35% and a net margin of 8.39%.The firm’s revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. On average, research analysts predict that Brinker International, Inc. will post 13.22 EPS for the current fiscal year.

Brinker International Company Profile

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.