Assenagon Asset Management S.A. Acquires 159,606 Shares of Brinker International, Inc. $EAT

Assenagon Asset Management S.A. grew its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 53.7% in the 1st quarter, HoldingsChannel reports. The firm owned 456,565 shares of the restaurant operator’s stock after acquiring an additional 159,606 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Brinker International were worth $65,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in Brinker International in the third quarter worth about $25,000. Transamerica Financial Advisors LLC raised its holdings in shares of Brinker International by 570.4% in the 4th quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 154 shares during the period. Allworth Financial LP raised its holdings in shares of Brinker International by 58.5% in the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 83 shares during the period. Salomon & Ludwin LLC lifted its stake in Brinker International by 45.1% in the fourth quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $45,000 after purchasing an additional 93 shares during the last quarter. Finally, First Horizon Corp grew its holdings in Brinker International by 116.0% during the fourth quarter. First Horizon Corp now owns 337 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 181 shares during the period.

Brinker International Stock Performance

Shares of EAT opened at $172.99 on Friday. Brinker International, Inc. has a 52-week low of $100.30 and a 52-week high of $187.12. The stock’s 50-day simple moving average is $146.21 and its 200 day simple moving average is $149.25. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.35 and a current ratio of 0.40. The stock has a market capitalization of $7.42 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 1.22 and a beta of 1.27.

Brinker International (NYSE:EAT) last posted its earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 earnings per share for the quarter, beating analysts’ consensus estimates of $2.85 by $0.05. Brinker International had a return on equity of 123.22% and a net margin of 8.07%.The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the firm earned $2.66 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. Research analysts forecast that Brinker International, Inc. will post 10.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EAT. TD Cowen decreased their target price on Brinker International from $188.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. DA Davidson initiated coverage on Brinker International in a research report on Friday, March 6th. They set a “neutral” rating and a $155.00 price target on the stock. Weiss Ratings upgraded Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 16th. Barclays lifted 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, JPMorgan Chase & Co. boosted their price objective on Brinker International from $187.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $185.11.

Brinker International 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.