Navellier & Associates Inc. Has $2.06 Million Stake in Brinker International, Inc. $EAT

Navellier & Associates Inc. decreased its position in Brinker International, Inc. (NYSE:EAT) by 22.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,351 shares of the restaurant operator’s stock after selling 4,140 shares during the period. Navellier & Associates Inc.’s holdings in Brinker International were worth $2,060,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in Brinker International by 8.0% in the fourth quarter. Principal Financial Group Inc. now owns 279,029 shares of the restaurant operator’s stock valued at $40,046,000 after buying an additional 20,654 shares during the period. Truist Financial Corp lifted its holdings in Brinker International by 39.5% in the fourth quarter. Truist Financial Corp now owns 5,573 shares of the restaurant operator’s stock valued at $800,000 after buying an additional 1,578 shares during the period. Advisors Preferred LLC acquired a new position in Brinker International in the fourth quarter valued at $974,000. LMG Wealth Partners LLC lifted its holdings in Brinker International by 4.3% in the fourth quarter. LMG Wealth Partners LLC now owns 4,753 shares of the restaurant operator’s stock valued at $682,000 after buying an additional 195 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its holdings in Brinker International by 12.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 17,650 shares of the restaurant operator’s stock valued at $2,533,000 after buying an additional 2,000 shares during the period.

Insider Activity

In other news, Director James C. Katzman sold 447 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $164.19, for a total transaction of $73,392.93. Following the completion of the sale, the director directly owned 28,994 shares of the company’s stock, valued at $4,760,524.86. The trade was a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Michaela M. Ware sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $162.40, for a total transaction of $812,000.00. Following the sale, the executive vice president directly owned 19,923 shares of the company’s stock, valued at approximately $3,235,495.20. The trade was a 20.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.43% of the company’s stock.

Brinker International Price Performance

Shares of NYSE EAT opened at $144.82 on Wednesday. The firm’s 50-day moving average price is $145.12 and its 200-day moving average price is $144.09. Brinker International, Inc. has a 1-year low of $100.30 and a 1-year high of $187.12. The firm has a market capitalization of $6.21 billion, a P/E ratio of 14.20, a P/E/G ratio of 1.01 and a beta of 1.32. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.05.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 EPS for the quarter, topping the consensus estimate of $2.85 by $0.05. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. Brinker International had a net margin of 8.07% and a return on equity of 123.22%. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.66 earnings per share. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. Equities research analysts anticipate that Brinker International, Inc. will post 10.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EAT. The Goldman Sachs Group boosted their target price on shares of Brinker International from $180.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Citigroup dropped their price objective on shares of Brinker International from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Monday, April 13th. JPMorgan Chase & Co. upped their price objective on shares of Brinker International from $187.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Weiss Ratings lowered shares of Brinker International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Finally, KeyCorp upgraded shares of Brinker International from a “sector weight” rating to an “overweight” rating and set a $177.00 price objective on the stock in a report on Thursday, April 2nd. Fourteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $185.11.

Brinker International 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.