BI Asset Management Fondsmaeglerselskab A S Takes $15.22 Million Position in Brinker International, Inc. $EAT

BI Asset Management Fondsmaeglerselskab A S purchased a new position in Brinker International, Inc. (NYSE:EAT) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 106,613 shares of the restaurant operator’s stock, valued at approximately $15,221,000.

A number of other hedge funds have also recently made changes to their positions in EAT. Diversified Trust Co raised its holdings in Brinker International by 57.8% in the first quarter. Diversified Trust Co now owns 4,392 shares of the restaurant operator’s stock worth $627,000 after purchasing an additional 1,609 shares in the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Brinker International by 155.9% in the 4th quarter. Hsbc Holdings PLC now owns 33,416 shares of the restaurant operator’s stock valued at $4,803,000 after buying an additional 20,356 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Brinker International by 0.9% in the 4th quarter. Invesco Ltd. now owns 564,633 shares of the restaurant operator’s stock valued at $81,036,000 after buying an additional 5,064 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Brinker International by 51.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,880 shares of the restaurant operator’s stock valued at $1,849,000 after buying an additional 4,372 shares in the last quarter. Finally, Mackenzie Financial Corp grew its position in shares of Brinker International by 111.8% in the 4th quarter. Mackenzie Financial Corp now owns 6,258 shares of the restaurant operator’s stock worth $892,000 after buying an additional 3,304 shares during the last quarter.

Brinker International Trading Down 0.2%

NYSE:EAT opened at $164.53 on Friday. Brinker International, Inc. has a 12 month low of $100.30 and a 12 month high of $187.12. The firm has a fifty day simple moving average of $145.23 and a 200-day simple moving average of $148.58. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $7.06 billion, a P/E ratio of 16.13, a PEG ratio of 1.18 and a beta of 1.27.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.05. Brinker International had a return on equity of 123.22% and a net margin of 8.07%.The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the firm earned $2.66 EPS. The firm’s revenue was up 3.2% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. On average, equities research analysts anticipate that Brinker International, Inc. will post 10.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on EAT. Citigroup reduced their price objective on shares of Brinker International from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Weiss Ratings upgraded shares of Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Morgan Stanley lifted their price target on shares of Brinker International from $205.00 to $207.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. TD Cowen reduced their price target on Brinker International from $188.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, April 29th. Finally, Barclays increased their price objective on Brinker International from $170.00 to $175.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Brinker International presently has a consensus rating of “Moderate Buy” and a consensus price target of $185.11.

About Brinker International

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.