Edgestream Partners L.P. Cuts Stake in Brinker International, Inc. $EAT

Edgestream Partners L.P. reduced its stake in Brinker International, Inc. by 46.6% in Q2, owning 13,711 shares worth $2.47 million. Brinker reported Q2 earnings of $1.93 per share, beating estimates, with revenue up 18.5% year-over-year. Analysts have mixed ratings on the stock, with target prices ranging from $135 to $210. COO Douglas N. Comings sold 16,000 shares, decreasing his position by 55.27%.

Edgestream Partners L.P. cut its holdings in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 46.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,711 shares of the restaurant operator's stock after selling 11,973 shares during the period. Edgestream Partners L.P.'s holdings in Brinker International were worth $2,473,000 at the end of the most recent quarter.

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Brinker Serves Up Earnings Beat, Sidesteps Cost Pressures

Several other hedge funds and other institutional investors have also recently made changes to their positions in EAT. Allworth Financial LP increased its position in Brinker International by 105.8% during the 2nd quarter. Allworth Financial LP now owns 142 shares of the restaurant operator's stock valued at $26,000 after buying an additional 73 shares in the last quarter. GPS Wealth Strategies Group LLC grew its stake in shares of Brinker International by 52.1% during the second 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 last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of Brinker International by 5.9% during the second quarter. Sequoia Financial Advisors LLC now owns 1,462 shares of the restaurant operator's stock valued at $264,000 after acquiring an additional 81 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of Brinker International by 0.7% during the second quarter. Maryland State Retirement & Pension System now owns 13,043 shares of the restaurant operator's stock valued at $2,352,000 after acquiring an additional 85 shares in the last quarter. Finally, Yousif Capital Management LLC raised its position in shares of Brinker International by 0.7% in the 2nd quarter. Yousif Capital Management LLC now owns 12,097 shares of the restaurant operator's stock valued at $2,181,000 after purchasing an additional 85 shares during the last quarter.

Insider Activity at Brinker International

In other news, COO Douglas N. Comings sold 16,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $156.48, for a total transaction of $2,503,680.00. Following the sale, the chief operating officer owned 12,951 shares of the company's stock, valued at $2,026,572.48. This trade represents a 55.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.43% of the stock is owned by insiders.

Brinker International Price Performance

3 Summer Short-Squeeze Candidates With Catalysts for Covering

Shares of EAT opened at $142.26 on Friday. The business's 50-day moving average is $126.27 and its two-hundred day moving average is $149.48. The company has a market capitalization of $6.32 billion, a P/E ratio of 14.76, a P/E/G ratio of 0.98 and a beta of 1.35. Brinker International, Inc. has a fifty-two week low of $100.30 and a fifty-two week high of $192.21. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.29 and a current ratio of 0.35.

Brinker International (NYSE:EAT - Get Free Report) last issued its earnings results on Wednesday, October 29th. The restaurant operator reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.17. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Brinker International had a return on equity of 164.66% and a net margin of 7.94%.The company's revenue was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Research analysts predict that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Is Wingstop The Perfect Fast Casual Restaurant Model?

Several analysts have weighed in on the stock. Evercore ISI raised shares of Brinker International from an "in-line" rating to an "outperform" rating and boosted their target price for the stock from $190.00 to $210.00 in a research report on Thursday, September 4th. Jefferies Financial Group dropped their price objective on shares of Brinker International from $175.00 to $144.00 and set a "hold" rating on the stock in a report on Monday, October 13th. Barclays cut their target price on Brinker International from $145.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 30th. Bank of America raised Brinker International from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $190.00 to $192.00 in a research report on Monday, October 6th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Brinker International in a report on Monday. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $167.44.

View Our Latest Stock Analysis on Brinker International

Brinker International Company Profile

(Free Report)

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.

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