KBC Group NV Sells 670 Shares of Brinker International, Inc. $EAT

KBC Group NV trimmed its position in shares of Brinker International, Inc. (NYSE:EAT) by 35.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,222 shares of the restaurant operator’s stock after selling 670 shares during the quarter. KBC Group NV’s holdings in Brinker International were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of EAT. CWM LLC lifted its holdings in Brinker International by 36.9% in the first quarter. CWM LLC now owns 1,210 shares of the restaurant operator’s stock valued at $180,000 after acquiring an additional 326 shares during the period. Victory Capital Management Inc. increased its position in shares of Brinker International by 28.0% during the 1st quarter. Victory Capital Management Inc. now owns 25,581 shares of the restaurant operator’s stock valued at $3,813,000 after purchasing an additional 5,598 shares during the last quarter. Allianz Asset Management GmbH purchased a new stake in shares of Brinker International during the 1st quarter valued at about $509,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Brinker International in the 1st quarter worth approximately $2,659,000. Finally, KLP Kapitalforvaltning AS boosted its holdings in shares of Brinker International by 3.4% in the first quarter. KLP Kapitalforvaltning AS now owns 9,200 shares of the restaurant operator’s stock worth $1,371,000 after buying an additional 300 shares during the last quarter.

Insider Buying and Selling

In other news, CEO Kevin Hochman sold 44,000 shares of Brinker International stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $157.82, for a total transaction of $6,944,080.00. Following the sale, the chief executive officer owned 212,867 shares in the company, valued at $33,594,669.94. This trade represents a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Douglas N. Comings sold 16,000 shares of the business’s stock in a transaction on 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 in the company, valued at $2,026,572.48. This trade represents a 55.27% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.43% of the company’s stock.

Wall Street Analysts Forecast Growth

EAT has been the subject of a number of research reports. Morgan Stanley reduced their target price on shares of Brinker International from $161.00 to $160.00 and set an “equal weight” rating for the company in a report on Wednesday, October 22nd. 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 note on Monday, October 27th. Wells Fargo & Company decreased their target price on Brinker International from $175.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Evercore ISI raised Brinker International from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $190.00 to $210.00 in a report on Thursday, September 4th. Finally, JPMorgan Chase & Co. decreased their price objective on Brinker International from $175.00 to $155.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Ten research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $165.67.

Brinker International Price Performance

NYSE:EAT opened at $122.31 on Wednesday. The company has a quick ratio of 0.25, a current ratio of 0.35 and a debt-to-equity ratio of 1.53. The business’s 50-day simple moving average is $126.41 and its two-hundred day simple moving average is $149.48. The stock has a market cap of $5.43 billion, a PE ratio of 12.69, a P/E/G ratio of 0.77 and a beta of 1.38. Brinker International, Inc. has a 52 week low of $100.30 and a 52 week high of $192.21.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $1.93 earnings per share for the quarter, topping 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 business’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.95 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

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.