Assenagon Asset Management S.A. Purchases 253,285 Shares of Brinker International, Inc. $EAT

Assenagon Asset Management S.A. lifted its position in Brinker International, Inc. (NYSE:EAT) by 579.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 296,959 shares of the restaurant operator’s stock after purchasing an additional 253,285 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Brinker International were worth $42,620,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of EAT. Twin Peaks Wealth Advisors LLC bought a new position in shares of Brinker International in the second quarter valued at approximately $34,000. Caitong International Asset Management Co. Ltd bought a new stake in Brinker International during the 3rd quarter worth approximately $25,000. Salomon & Ludwin LLC bought a new stake in Brinker International during the 3rd quarter worth approximately $26,000. Allworth Financial LP increased its holdings in Brinker International by 58.5% during the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 83 shares in the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in Brinker International during the 2nd quarter valued at $50,000.

Brinker International Stock Down 3.1%

Shares of NYSE EAT opened at $146.93 on Thursday. Brinker International, Inc. has a 1 year low of $100.30 and a 1 year high of $187.12. The firm’s 50-day moving average is $152.51 and its 200-day moving average is $142.10. The company has a current ratio of 0.36, a quick ratio of 0.31 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $6.40 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 1.07 and a beta of 1.34.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, January 28th. The restaurant operator reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.34. Brinker International had a net margin of 7.98% and a return on equity of 134.92%. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the firm posted $2.80 earnings per share. Brinker International’s revenue for the quarter was up 6.9% compared to the same quarter last year. Brinker International has set its FY 2026 guidance at 1.045-10.850 EPS. Equities analysts expect that Brinker International, Inc. will post 8.3 EPS for the current year.

Insider Activity

In other Brinker International news, EVP Aaron M. White sold 7,000 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $165.00, for a total transaction of $1,155,000.00. Following the completion of the sale, the executive vice president owned 42,756 shares in the company, valued at approximately $7,054,740. The trade was a 14.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Ramona Hood sold 400 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $161.32, for a total value of $64,528.00. Following the completion of the transaction, the director directly owned 9,066 shares in the company, valued at approximately $1,462,527.12. This trade represents a 4.23% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 97,678 shares of company stock worth $15,700,372. Corporate insiders own 1.43% of the company’s stock.

Analyst Upgrades and Downgrades

EAT has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price objective on Brinker International from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. TD Cowen started coverage on Brinker International in a report on Tuesday, January 20th. They issued a “buy” rating and a $192.00 price target for the company. Citigroup upped their price target on shares of Brinker International from $187.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Wolfe Research began coverage on shares of Brinker International in a report on Monday, March 9th. They set an “outperform” rating and a $184.00 price objective on the stock. Finally, BMO Capital Markets raised their price objective on shares of Brinker International from $140.00 to $170.00 and gave the company a “market perform” rating in a research report on Tuesday, January 6th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Brinker International has a consensus rating of “Moderate Buy” and a consensus target price of $186.61.

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.