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

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

A number of other large investors have also recently modified their holdings of the stock. Concord Wealth Partners purchased a new stake in Brinker International in the second quarter worth about $25,000. Allworth Financial LP raised its position in shares of Brinker International by 105.8% in the 2nd quarter. Allworth Financial LP now owns 142 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 73 shares in the last quarter. AdvisorNet Financial Inc purchased a new position in shares of Brinker International in the 2nd quarter valued at approximately $33,000. National Bank of Canada FI boosted its position in shares of Brinker International by 227.3% during the first quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator’s stock valued at $38,000 after purchasing an additional 175 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC grew its stake in Brinker International by 52.1% in the second quarter. GPS Wealth Strategies Group LLC now owns 219 shares of the restaurant operator’s stock worth $39,000 after purchasing an additional 75 shares during the period.

Brinker International Stock Up 1.0%

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

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.17. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Brinker International had a net margin of 7.94% and a return on equity of 164.66%. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. 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. Analysts predict that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EAT shares. Wells Fargo & Company lowered their price objective on Brinker International from $175.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Brinker International in a research report on Thursday, October 30th. The Goldman Sachs Group dropped their price objective on shares of Brinker International from $207.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, September 30th. UBS Group decreased their target price on shares of Brinker International from $165.00 to $144.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. Finally, Morgan Stanley dropped their price target on Brinker International from $161.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 22nd. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Brinker International currently has a consensus rating of “Moderate Buy” and an average target price of $165.67.

Insider Buying and Selling at Brinker International

In other Brinker International news, CEO Kevin Hochman sold 44,000 shares of Brinker International stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $157.82, for a total value of $6,944,080.00. Following the completion of the sale, the chief executive officer owned 212,867 shares of the company’s stock, valued at approximately $33,594,669.94. This trade represents a 17.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Douglas N. Comings sold 16,000 shares of the company’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 transaction, the chief operating officer directly 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. Company insiders own 1.43% of the company’s stock.

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.