Versor Investments LP Takes $609,000 Position in Brinker International, Inc. $EAT

by · The Cerbat Gem

Versor Investments LP bought a new stake in Brinker International, Inc. (NYSE:EAT – Free Report) during the second quarter, Holdings Channel reports. The institutional investor bought 3,376 shares of the restaurant operator’s stock, valued at approximately $609,000.

A number of other hedge funds have also bought and sold shares of EAT. Westfield Capital Management Co. LP raised its stake in shares of Brinker International by 102.0% in the first quarter. Westfield Capital Management Co. LP now owns 995,713 shares of the restaurant operator’s stock valued at $148,411,000 after buying an additional 502,897 shares during the period. Dimensional Fund Advisors LP increased its stake in Brinker International by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 967,550 shares of the restaurant operator’s stock worth $144,201,000 after acquiring an additional 46,896 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its stake in Brinker International by 28.2% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 600,134 shares of the restaurant operator’s stock worth $89,450,000 after acquiring an additional 132,000 shares during the last quarter. Hennessy Advisors Inc. increased its stake in Brinker International by 2.4% in the 2nd quarter. Hennessy Advisors Inc. now owns 577,600 shares of the restaurant operator’s stock worth $104,159,000 after acquiring an additional 13,700 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Brinker International by 4.3% in the 1st quarter. Invesco Ltd. now owns 510,993 shares of the restaurant operator’s stock worth $76,164,000 after acquiring an additional 21,270 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EAT shares. Mizuho started coverage on Brinker International in a research note on Tuesday, October 28th. They issued an “outperform” rating and a $155.00 target price on the stock. Jefferies Financial Group cut their price objective on Brinker International from $175.00 to $144.00 and set a “hold” rating for the company in a report on Monday, October 13th. Morgan Stanley cut their price objective on Brinker International from $161.00 to $160.00 and set an “equal weight” rating for the company in a report on Wednesday, October 22nd. Citigroup cut their price objective on Brinker International from $156.00 to $144.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Finally, Piper Sandler upped their price objective on Brinker International from $155.00 to $168.00 and gave the stock a “neutral” rating in a report on Thursday, August 14th. Ten equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $165.67.

View Our Latest Research Report on EAT

Brinker International Trading Down 3.3%

NYSE EAT opened at $105.02 on Tuesday. Brinker International, Inc. has a 1-year low of $103.41 and a 1-year high of $192.21. The company has a current ratio of 0.35, a quick ratio of 0.25 and a debt-to-equity ratio of 1.53. The stock has a 50-day moving average of $136.78 and a 200-day moving average of $152.41. The firm has a market cap of $4.67 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 0.77 and a beta of 1.38.

Brinker International (NYSE:EAT – Get Free Report) last released its earnings results on Wednesday, October 29th. The restaurant operator reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.17. Brinker International had a return on equity of 164.66% and a net margin of 7.94%.The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the company posted $0.95 EPS. Brinker International’s revenue for the quarter was up 18.5% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, sell-side analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current year.

Insider Activity

In other news, COO Douglas N. Comings sold 16,000 shares of the business’s stock in a transaction dated Tuesday, September 9th. The stock was sold at an average price of $156.48, for a total value of $2,503,680.00. Following the completion of the sale, the chief operating officer owned 12,951 shares of the company’s stock, valued at approximately $2,026,572.48. The trade was a 55.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Kevin Hochman sold 44,000 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were 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 directly 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 68,325 shares of company stock valued at $10,754,785. Insiders own 1.43% of the company’s stock.

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.

Featured Articles

Want to see what other hedge funds are holding EAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brinker International, Inc. (NYSE:EAT – Free Report).