Brinker International (NYSE:EAT) CEO Kevin Hochman Sells 40,000 Shares

Brinker International, Inc. (NYSE:EAT) CEO Kevin Hochman sold 40,000 shares of the firm’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $243.15, for a total value of $9,726,000.00. Following the sale, the chief executive officer directly owned 144,090 shares of the company’s stock, valued at approximately $35,035,483.50. This represents a 21.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Kevin Hochman also recently made the following trade(s):

• On Thursday, August 13th, Kevin Hochman sold 40,000 shares of Brinker International stock. The shares were sold at an average price of $241.41, for a total transaction of $9,656,400.00.

Brinker International Stock Performance

NYSE:EAT traded down $6.49 during trading hours on Tuesday, reaching $235.22. The stock had a trading volume of 737,651 shares, compared to its average volume of 1,170,081. The stock has a market cap of $10.09 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 1.32 and a beta of 1.24. The stock has a 50 day simple moving average of $188.87 and a 200 day simple moving average of $161.35. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.45. Brinker International, Inc. has a 12-month low of $100.30 and a 12-month high of $253.71.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.09 by ($0.02). The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.53 billion. Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.30 earnings per share. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. On average, research analysts forecast that Brinker International, Inc. will post 13.19 EPS for the current fiscal year.

Brinker International News Roundup

Here are the key news stories impacting Brinker International this week:

• Positive Sentiment: Zacks reported that analysts’ earnings estimates for Brinker International are moving higher, suggesting improving expectations for the Chili’s parent and potentially supporting further gains. Earnings Estimates Moving Higher for Brinker International
• Positive Sentiment: Zacks also characterized EAT as a strong value and growth stock, citing favorable style scores and business momentum. Recent operating performance included revenue growth and strong year-over-year EPS growth, despite a modest quarterly EPS miss. Why Brinker International Is a Strong Value Stock
• Neutral Sentiment: Piper Sandler raised its price target from $166 to $240 but retained a Neutral rating. The increase reflects stronger expectations, while the rating signals limited conviction after the stock’s substantial advance. Piper Sandler Raises Brinker Price Target
• Negative Sentiment: Several executives and directors sold shares following the record rally. CEO Kevin Hochman sold 40,000 shares, while other executives and directors also reduced their holdings. Much of the activity was related to taxes or a Rule 10b5-1 plan, which reduces its significance as a bearish signal, but the volume may still pressure sentiment. Chili’s Parent CEO Sold Into the Rally
• Negative Sentiment: Northcoast Research downgraded Brinker to Neutral, adding caution that the stock’s rapid appreciation may have outpaced near-term fundamentals. Brinker Cut to Neutral at Northcoast Research

Institutional Trading of Brinker International

Hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in Brinker International by 2.2% during the 2nd quarter. BlackRock Inc. now owns 6,729,477 shares of the restaurant operator’s stock valued at $1,130,552,000 after acquiring an additional 145,525 shares during the period. Vanguard Group Inc. grew its holdings in Brinker International by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,819,397 shares of the restaurant operator’s stock worth $691,680,000 after purchasing an additional 73,346 shares during the period. UBS Group AG increased its stake in shares of Brinker International by 103.2% during the fourth quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock valued at $427,066,000 after purchasing an additional 1,511,266 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Brinker International by 27.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,393,604 shares of the restaurant operator’s stock valued at $176,542,000 after purchasing an additional 301,912 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in shares of Brinker International by 667.5% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock worth $163,938,000 after purchasing an additional 993,435 shares in the last quarter.

Analyst Ratings Changes

EAT has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Brinker International from $207.00 to $250.00 and gave the stock an “overweight” rating in a report on Thursday, August 13th. BMO Capital Markets raised their target price on Brinker International from $175.00 to $230.00 and gave the stock a “market perform” rating in a research note on Thursday, August 13th. TD Cowen upped their price target on Brinker International from $210.00 to $270.00 and gave the company a “buy” rating in a research report on Wednesday, August 12th. Barclays increased their price objective on Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Finally, Citigroup boosted their target price on Brinker International from $227.00 to $282.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Brinker International currently has a consensus rating of “Moderate Buy” and a consensus price target of $238.05.

Brinker International Company 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.