Brinker International Prepares for Upcoming Quarterly Earnings Release

Brinker International ($EAT) is set to announce its quarterly earnings on Tuesday, April 29th, ahead of market opening, according to Finnhub. Analysts project revenue at $1,391,065,930 and earnings of $2.52 per share.

Insider Trading Activity at Brinker International

In the past six months, insiders at Brinker International have executed $EAT Stock trades 11 times in the open market. Notably, there have been no purchases among these, while all 11 trades were sales.

Here’s a summary of recent insider trading activity for $EAT over the last six months:

• DOUGLAS N. COMINGS (SVP & COO, Chili’s) completed 3 sales, liquidating 22,783 shares for an estimated $3,502,752.
• CINDY L DAVIS sold 5,802 shares for approximately $1,089,963.
• PRASHANT RANADE sold 5,700 shares, earning about $1,009,413.
• MICHAELA M WARE (EVP, Chief Financial Officer) stamped out 2 sales of 8,995 shares for roughly $986,738.
• DANIEL S FULLER (SVP, Chief Legal Officer) sold 4,000 shares, netting around $503,240.
• FRANCES L. ALLEN executed 2 sales of 2,026 shares, garnering approximately $367,184.
• AARON M WHITE (EVP, Chief People Officer) sold 1,525 shares for an estimated $199,302.

Institutional Hedge Fund Activity

Recent reports indicate that 220 institutional investors added shares of Brinker International Stock to their portfolios, while 171 reduced their positions in the last quarter.

Highlighted moves include:

• FRANKLIN RESOURCES INC eliminated 2,223,956 shares (-97.3%) in Q4 2024, with an estimated value of $294,207,139.
• JUNTO CAPITAL MANAGEMENT LP removed 1,097,776 shares (-100.0%) in Q4 2024, valued at about $145,224,787.
• PRICE T ROWE ASSOCIATES INC /MD/ increased its holdings by 958,101 shares (+3277.5%) in Q4 2024, valued at approximately $126,747,181.
• BLACKROCK, INC. added 843,786 shares (+12.2%) during Q4 2024, with an estimated value of $111,624,449.
• HOLOCENE ADVISORS, LP divested 663,405 shares (-95.2%) in Q4 2024, realizing about $87,761,847.
• BALYASNY ASSET MANAGEMENT L.P. acquired 622,937 shares (+inf%) in Q4 2024, with an estimated total of $82,408,335.
• BANK OF AMERICA CORP /DE/ reduced its stake by 591,032 shares (-70.3%) in Q4 2024, valued at approximately $78,187,623.

Analyst Ratings for Brinker International

In recent months, Wall Street analysts have provided feedback on $EAT. Currently, one firm has issued buy ratings, while none have given sell ratings.

Some recent analyst ratings include:

• Bernstein issued a “Positive” rating on 10/30/2024.

Price Targets for Brinker International

Analysts have released various price targets for $EAT recently. Over the last six months, 10 analysts have shared their target prices, with a median target of $112.5.

Notable recent targets include:

• Brian Harbour from Morgan Stanley set a target price of $147.0 on 04/14/2025.
• Chris O’Cull from Stifel Nicolaus established a target price of $155.0 on 01/10/2025.
• Christine Dooley from Argus Research set a target at $150.0 on 12/24/2024.
• John Parke from Wells Fargo pegged the target price at $130.0 on 12/12/2024.
• Nick Setyan from Wedbush set a modest target of $110.0 on 10/31/2024.
• Eric Gonzalez from KeyBanc established a target of $115.0 on 10/31/2024.
• David Palmer from Evercore ISI set a target price of $110.0 on 10/31/2024.

This article is not financial advice. For more information, please refer to Quiver Quantitative’s disclaimers. Note that inaccuracies may exist due to mistakes in ticker-mapping and other anomalies.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.