Vinva Investment Management Ltd Purchases Shares of 747 Brinker International, Inc. $EAT

Vinva Investment Management Ltd acquired a new stake in shares of Brinker International, Inc. (NYSE:EAT) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 747 shares of the restaurant operator’s stock, valued at approximately $135,000.

Several other institutional investors have also recently added to or reduced their stakes in EAT. Alberta Investment Management Corp acquired a new stake in shares of Brinker International in the 2nd quarter valued at $4,112,000. Axiom Investors LLC DE acquired a new stake in shares of Brinker International in the first quarter worth $8,079,000. DAVENPORT & Co LLC boosted its holdings in shares of Brinker International by 117.0% during the 2nd quarter. DAVENPORT & Co LLC now owns 4,272 shares of the restaurant operator’s stock worth $770,000 after buying an additional 2,303 shares during the period. Seeds Investor LLC acquired a new position in Brinker International in the 2nd quarter valued at $414,000. Finally, Voya Investment Management LLC raised its holdings in Brinker International by 13.4% in the 1st quarter. Voya Investment Management LLC now owns 16,513 shares of the restaurant operator’s stock worth $2,461,000 after acquiring an additional 1,956 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Piper Sandler increased their price objective on Brinker International from $155.00 to $168.00 and gave the company a “neutral” rating in a research report on Thursday, August 14th. Stifel Nicolaus decreased their price target on shares of Brinker International from $215.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. UBS Group cut their price objective on shares of 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 lifted their target price for the stock from $190.00 to $210.00 in a research report on Thursday, September 4th. Finally, Wells Fargo & Company cut their price target on Brinker International from $175.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $167.44.

Brinker International Stock Up 1.3%

Shares of EAT opened at $153.79 on Friday. The company has a market capitalization of $6.83 billion, a P/E ratio of 15.95, a PEG ratio of 0.77 and a beta of 1.38. Brinker International, Inc. has a one year low of $100.30 and a one year high of $192.21. The business’s 50 day simple moving average is $125.51 and its 200-day simple moving average is $149.59. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.35 and a quick ratio of 0.25.

Brinker International (NYSE:EAT) last announced its earnings results 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 company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Brinker International had a net margin of 7.94% and a return on equity of 164.66%. The company’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, sell-side analysts predict that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Insider Activity

In related news, COO Douglas N. Comings sold 16,000 shares of Brinker International 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 sale, the chief operating officer directly owned 12,951 shares of the company’s stock, valued at $2,026,572.48. The trade was a 55.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.43% of the stock is owned by corporate 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.