VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $3.15 Million Investment in Brinker International, Inc. $EAT

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Brinker International, Inc. (NYSE:EAT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 18,766 shares of the restaurant operator’s stock, valued at approximately $3,153,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. NewEdge Advisors LLC boosted its holdings in Brinker International by 1,118.9% during the first quarter. NewEdge Advisors LLC now owns 1,158 shares of the restaurant operator’s stock worth $173,000 after purchasing an additional 1,063 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Brinker International by 271.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 846 shares of the restaurant operator’s stock worth $153,000 after buying an additional 618 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Brinker International by 1.9% during the 2nd quarter. First Trust Advisors LP now owns 52,249 shares of the restaurant operator’s stock worth $9,422,000 after buying an additional 978 shares in the last quarter. Baird Financial Group Inc. purchased a new position in shares of Brinker International in the 2nd quarter worth approximately $3,222,000. Finally, Brown Advisory Inc. boosted its stake in shares of Brinker International by 33.0% in the 2nd quarter. Brown Advisory Inc. now owns 1,789 shares of the restaurant operator’s stock worth $323,000 after buying an additional 444 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts recently commented on EAT shares. Robert W. Baird initiated coverage on Brinker International in a report on Monday, August 24th. They set an “outperform” rating and a $325.00 price target on the stock. DA Davidson raised their target price on Brinker International from $160.00 to $260.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Citigroup lifted their target price on Brinker International from $227.00 to $282.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. Weiss Ratings raised shares of Brinker International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, BMO Capital Markets increased their price target on shares of Brinker International from $175.00 to $230.00 and gave the company a “market perform” rating in a research report on Thursday, August 13th. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Brinker International has a consensus rating of “Moderate Buy” and a consensus target price of $244.30.

Insider Transactions at Brinker International

In related news, SVP Daniel S. Fuller sold 1,909 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $253.54, for a total transaction of $484,007.86. Following the sale, the senior vice president owned 30,177 shares of the company’s stock, valued at approximately $7,651,076.58. This represents a 5.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James C. Katzman sold 650 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $220.09, for a total transaction of $143,058.50. Following the completion of the sale, the director owned 25,094 shares in the company, valued at $5,522,938.46. This represents a 2.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 173,694 shares of company stock valued at $41,568,690. Company insiders own 1.43% of the company’s stock.

Brinker International Price Performance

Shares of NYSE:EAT opened at $214.95 on Friday. Brinker International, Inc. has a twelve month low of $100.30 and a twelve month high of $254.99. The firm has a market capitalization of $8.98 billion, a PE ratio of 19.74, a P/E/G ratio of 1.11 and a beta of 1.25. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.95. The company has a 50-day moving average price of $213.79 and a two-hundred day moving average price of $170.44.

Brinker International (NYSE:EAT) last posted its earnings results 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 analysts’ expectations of $1.53 billion. During the same quarter in the prior year, the company earned $2.30 EPS. The company’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. Equities analysts forecast that Brinker International, Inc. will post 13.24 EPS for the current year.

Brinker International Company Profile

Brinker International, Inc is a Dallas-based restaurant company that owns, operates and franchises casual dining restaurants. Its portfolio includes Chili’s Grill & Bar, a full-service restaurant brand known for burgers, fajitas, ribs, steaks, Tex-Mex dishes and a broad beverage menu, and Maggiano’s Little Italy, which specializes in Italian-American cuisine and family-style dining.

Chili’s restaurants serve a wide range of lunch and dinner offerings in a casual, bar-and-grill setting, while Maggiano’s locations offer traditional Italian dishes, including pasta, chicken, seafood and desserts.