Brinker International, Inc. $EAT Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its stake in Brinker International, Inc. (NYSE:EAT) by 86.4% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,091,692 shares of the restaurant operator’s stock after purchasing an additional 506,087 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Brinker International were worth $196,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Allworth Financial LP increased its holdings in shares of Brinker International by 105.8% in the 2nd quarter. Allworth Financial LP now owns 142 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 73 shares during the period. GPS Wealth Strategies Group LLC boosted its stake in Brinker International by 52.1% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 219 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 75 shares during the period. Sequoia Financial Advisors LLC grew its position in Brinker International by 5.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,462 shares of the restaurant operator’s stock worth $264,000 after purchasing an additional 81 shares during the last quarter. Maryland State Retirement & Pension System increased its stake in shares of Brinker International by 0.7% in 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 purchasing an additional 85 shares during the period. Finally, Yousif Capital Management LLC raised its holdings in shares of Brinker International by 0.7% during the second quarter. Yousif Capital Management LLC now owns 12,097 shares of the restaurant operator’s stock valued at $2,181,000 after buying an additional 85 shares during the last quarter.

Brinker International Stock Down 1.4%

Shares of Brinker International stock opened at $149.23 on Wednesday. Brinker International, Inc. has a 12-month low of $100.30 and a 12-month high of $192.21. The firm has a market capitalization of $6.63 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 1.04 and a beta of 1.35. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 1.53. The stock’s fifty day moving average is $125.98 and its 200-day moving average is $149.59.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $1.93 earnings per share 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 analysts’ expectations of $1.32 billion. Brinker International had a return on equity of 164.66% and a net margin of 7.94%.Brinker International’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the business posted $0.95 EPS. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Equities analysts anticipate that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on EAT. Morgan Stanley decreased 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. Wells Fargo & Company cut their price objective on shares of Brinker International from $175.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Brinker International in a report on Monday. Evercore ISI upgraded shares of Brinker International from an “in-line” rating to an “outperform” rating and increased their target price for the company from $190.00 to $210.00 in a research report on Thursday, September 4th. Finally, Stifel Nicolaus reduced their price target on shares of Brinker International from $215.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Brinker International presently has an average rating of “Moderate Buy” and a consensus target price of $167.44.

Insider Buying and Selling

In related 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 value of $2,503,680.00. Following the completion of the transaction, the chief operating officer owned 12,951 shares of the company’s stock, valued at approximately $2,026,572.48. This trade represents a 55.27% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.43% of the company’s stock.

About Brinker International

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.