Brinker International (NYSE:EAT) Trading Down 4.1% – Here’s Why

Brinker International, Inc. (NYSE:EAT)’s stock price traded down 4.1% during trading on Thursday . The company traded as low as $201.27 and last traded at $201.9310. 403,812 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 1,142,580 shares. The stock had previously closed at $210.61.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Mizuho upped their price objective on Brinker International from $175.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. KeyCorp upped their price target on Brinker International from $204.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, August 13th. Piper Sandler increased their price target on Brinker International from $166.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday, August 17th. Weiss Ratings upgraded Brinker International from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, September 11th. Finally, Bank of America upped their price objective on shares of Brinker International from $224.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 14th. Sixteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Brinker International presently has an average rating of “Moderate Buy” and a consensus target price of $243.30.

Brinker International Trading Down 4.2%

The firm has a 50-day simple moving average of $216.56 and a 200-day simple moving average of $172.31. 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 stock has a market cap of $8.43 billion, a PE ratio of 18.53, a P/E/G ratio of 1.07 and a beta of 1.25.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share (EPS) 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 company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter in the previous year, the firm posted $2.30 earnings per share. The business’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 analysts forecast that Brinker International, Inc. will post 13.01 earnings per share for the current year.

Insider Activity

In related news, SVP Daniel S. Fuller sold 1,909 shares of the business’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 completion of the transaction, the senior vice president owned 30,177 shares of the company’s stock, valued at approximately $7,651,076.58. The trade was a 5.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James M. Butler sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $240.37, for a total transaction of $2,403,700.00. Following the sale, the senior vice president directly owned 9,064 shares in the company, valued at $2,178,713.68. This trade represents a 52.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 173,694 shares of company stock valued at $41,568,690. 1.43% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Kilter Group LLC purchased a new stake in shares of Brinker International in the second quarter worth $35,000. Allworth Financial LP increased its stake in Brinker International by 49.3% in the 4th quarter. Allworth Financial LP now owns 336 shares of the restaurant operator’s stock worth $48,000 after acquiring an additional 111 shares during the last quarter. CoreCap Advisors LLC increased its stake in Brinker International by 33,000.0% in the 2nd quarter. CoreCap Advisors LLC now owns 331 shares of the restaurant operator’s stock worth $56,000 after acquiring an additional 330 shares during the last quarter. Global Retirement Partners LLC purchased a new stake in shares of Brinker International in the 2nd quarter valued at about $71,000. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Brinker International by 881.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 471 shares of the restaurant operator’s stock valued at $79,000 after acquiring an additional 423 shares in the last quarter.

About Brinker International

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.