Allspring Global Investments Holdings LLC Increases Stock Position in Brinker International, Inc. $EAT

Allspring Global Investments Holdings LLC increased its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 78.0% during the first quarter, Holdings Channel.com reports. The firm owned 143,484 shares of the restaurant operator’s stock after buying an additional 62,878 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Brinker International were worth $20,568,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Allworth Financial LP lifted its holdings in Brinker International by 58.5% during the third quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock worth $28,000 after buying an additional 83 shares during the period. Rezny Wealth Management Inc. increased its holdings in shares of Brinker International by 0.8% in the 4th quarter. Rezny Wealth Management Inc. now owns 11,738 shares of the restaurant operator’s stock valued at $1,685,000 after acquiring an additional 92 shares during the period. Salomon & Ludwin LLC increased its holdings in shares of Brinker International by 45.1% in the 4th quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $45,000 after acquiring an additional 93 shares during the period. New Age Alpha Advisors LLC raised its position in shares of Brinker International by 4.8% in the 4th quarter. New Age Alpha Advisors LLC now owns 2,047 shares of the restaurant operator’s stock worth $294,000 after acquiring an additional 94 shares in the last quarter. Finally, Aviva PLC raised its position in shares of Brinker International by 2.8% in the 4th quarter. Aviva PLC now owns 4,123 shares of the restaurant operator’s stock worth $592,000 after acquiring an additional 112 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EAT shares. Stephens initiated coverage on Brinker International in a research report on Friday. They set an “overweight” rating and a $220.00 price objective on the stock. Zacks Research lowered shares of Brinker International from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. TD Cowen raised their price target on shares of Brinker International from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday. Weiss Ratings raised shares of Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 16th. Finally, Barclays boosted their price objective on shares of Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $191.20.

Brinker International Trading Up 3.2%

Shares of NYSE:EAT opened at $195.46 on Tuesday. The business’s 50-day moving average is $157.57 and its 200 day moving average is $153.28. Brinker International, Inc. has a 1 year low of $100.30 and a 1 year high of $196.39. The firm has a market capitalization of $8.38 billion, a P/E ratio of 19.16, a P/E/G ratio of 1.17 and a beta of 1.24. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.40 and a quick ratio of 0.35.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 earnings per share for the quarter, topping 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 business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the company earned $2.66 earnings per share. The company’s quarterly 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, research analysts predict that Brinker International, Inc. will post 10.75 earnings per share for the current fiscal year.

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.