Empowered Funds LLC Reduces Stock Holdings in Brinker International, Inc. $EAT

Empowered Funds LLC lowered its stake in Brinker International, Inc. (NYSE:EAT - Free Report) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,703 shares of the restaurant operator's stock after selling 2,705 shares during the period. Empowered Funds LLC owned 0.08% of Brinker International worth $6,619,000 at the end of the most recent reporting period.

• Brinker Serves Up Earnings Beat, Sidesteps Cost Pressures

Several other institutional investors have also added to or reduced their stakes in EAT. Concord Wealth Partners bought a new stake in shares of Brinker International during the 2nd quarter valued at about $25,000. Allworth Financial LP raised its stake in Brinker International by 105.8% in the second quarter. Allworth Financial LP now owns 142 shares of the restaurant operator's stock worth $26,000 after buying an additional 73 shares in the last quarter. AdvisorNet Financial Inc purchased a new stake in Brinker International in the second quarter worth about $33,000. National Bank of Canada FI boosted its position in Brinker International by 227.3% during the 1st quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator's stock valued at $38,000 after acquiring an additional 175 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC grew its holdings in shares of Brinker International by 52.1% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 219 shares of the restaurant operator's stock worth $39,000 after acquiring an additional 75 shares during the period.

Insider Buying and Selling at Brinker International

In other news, CEO Kevin Hochman sold 44,000 shares of the business's 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 transaction, the chief executive officer owned 212,867 shares in the company, valued at $33,594,669.94. The trade was a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Douglas N. Comings sold 16,000 shares of the 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 sale, the chief operating officer directly owned 12,951 shares in the company, valued at $2,026,572.48. This trade represents a 55.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.43% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

• 3 Summer Short-Squeeze Candidates With Catalysts for Covering

EAT has been the subject of a number of research analyst reports. Evercore ISI upgraded Brinker International from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $190.00 to $210.00 in a research report on Thursday, September 4th. BMO Capital Markets raised their price objective on Brinker International from $150.00 to $170.00 and gave the company a "market perform" rating in a research report on Thursday, August 14th. UBS Group reduced their target price on shares of Brinker International from $165.00 to $144.00 and set a "neutral" rating on the stock in a research report on Monday, October 27th. Morgan Stanley decreased their price target on shares of Brinker International from $161.00 to $160.00 and set an "equal weight" rating for the company in a research note on Wednesday, October 22nd. Finally, 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. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $165.67.

Get Our Latest Research Report on EAT

Brinker International Trading Down 0.7%

• Is Wingstop The Perfect Fast Casual Restaurant Model?

Shares of NYSE EAT opened at $127.10 on Friday. The firm's 50 day moving average price is $125.25 and its 200-day moving average price is $149.17. Brinker International, Inc. has a 52-week low of $100.30 and a 52-week high of $192.21. 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 company has a market cap of $5.65 billion, a PE ratio of 13.18, a P/E/G ratio of 0.77 and a beta of 1.38.

Brinker International (NYSE:EAT - Get Free Report) last announced its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $1.93 earnings per share for the quarter, beating the consensus estimate 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 firm's quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. On average, equities research analysts expect that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

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.

Featured Stories

• Five stocks we like better than Brinker International
• How to Buy Gold Stock and Invest in Gold
• Datavault AI Just Raised Guidance by 400%—Are You Paying Attention?
• 3 Grocery Stocks That Are Proving They Are Still Essential
• Peter Thiel Dumps NVIDIA and Slashes Tesla Stake—Is the AI Bubble About to Pop?
• What Investors Need to Know About Upcoming IPOs
• Why Lithium Americas Could Be a 2030 Power Play—Not a 2025 One

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Brinker International Right Now?

Before you consider Brinker International, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brinker International wasn't on the list.

While Brinker International currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here