Kevin Hochman Sells 40,000 Shares of Brinker International (NYSE:EAT) Stock

Brinker International, Inc. (NYSE:EAT) CEO Kevin Hochman sold 40,000 shares of Brinker International stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $241.41, for a total transaction of $9,656,400.00. Following the completion of the transaction, the chief executive officer directly owned 89,824 shares in the company, valued at $21,684,411.84. This trade represents a 30.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Brinker International Price Performance

EAT traded up $4.96 during trading on Monday, hitting $242.11. 924,214 shares of the stock traded hands, compared to its average volume of 1,172,871. The business has a 50 day moving average price of $186.95 and a 200 day moving average price of $160.75. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.45 and a quick ratio of 0.35. Brinker International, Inc. has a twelve month low of $100.30 and a twelve month high of $253.71. The company has a market cap of $10.38 billion, a price-to-earnings ratio of 22.23, a PEG ratio of 1.32 and a beta of 1.23.

Brinker International (NYSE:EAT) last issued its earnings results 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). Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.53 billion. During the same period in the prior year, the business posted $2.30 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Equities research analysts forecast that Brinker International, Inc. will post 13.19 earnings per share for the current fiscal year.

Institutional Trading of Brinker International

A number of hedge funds have recently made changes to their positions in EAT. BlackRock Inc. raised its holdings in Brinker International by 2.2% in the 2nd quarter. BlackRock Inc. now owns 6,729,477 shares of the restaurant operator’s stock valued at $1,130,552,000 after buying an additional 145,525 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Brinker International by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,819,397 shares of the restaurant operator’s stock valued at $691,680,000 after acquiring an additional 73,346 shares during the last quarter. UBS Group AG raised its stake in shares of Brinker International by 103.2% during the fourth quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock valued at $427,066,000 after acquiring an additional 1,511,266 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Brinker International by 27.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,393,604 shares of the restaurant operator’s stock worth $176,542,000 after purchasing an additional 301,912 shares during the period. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Brinker International by 667.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock worth $163,938,000 after purchasing an additional 993,435 shares during the period.

Analysts Set New Price Targets

Several research firms recently weighed in on EAT. Weiss Ratings raised Brinker International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Stephens increased their target price on shares of Brinker International from $220.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday. Bank of America raised their price target on shares of Brinker International from $224.00 to $310.00 and gave the company a “buy” rating in a research note on Friday. Northcoast Research lowered shares of Brinker International from a “buy” rating to a “neutral” rating in a report on Friday. Finally, TD Cowen upped their price objective on shares of Brinker International from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Sixteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $238.05.

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.