Brinker International, Inc. $EAT Stake Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its stake in Brinker International, Inc. (NYSE:EAT) by 7.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 273,777 shares of the restaurant operator’s stock after selling 20,622 shares during the period. Bank of New York Mellon Corp’s holdings in Brinker International were worth $39,087,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. UBS Group AG boosted its stake in Brinker International by 103.2% during the 4th quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock valued at $427,066,000 after purchasing an additional 1,511,266 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of Brinker International by 667.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock worth $163,938,000 after buying an additional 993,435 shares during the period. Norges Bank acquired a new position in shares of Brinker International during the fourth quarter worth approximately $83,603,000. Capital World Investors boosted its position in shares of Brinker International by 96.5% during the fourth quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock worth $163,306,000 after buying an additional 558,799 shares during the period. Finally, Samlyn Capital LLC grew its holdings in Brinker International by 104.9% in the 3rd quarter. Samlyn Capital LLC now owns 878,584 shares of the restaurant operator’s stock worth $111,299,000 after buying an additional 449,871 shares in the last quarter.

Brinker International Stock Up 1.0%

EAT opened at $186.87 on Friday. 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 company has a market capitalization of $8.01 billion, a PE ratio of 18.32, a P/E/G ratio of 1.11 and a beta of 1.24. The stock’s fifty day moving average is $161.90 and its 200-day moving average is $154.40. Brinker International, Inc. has a one year low of $100.30 and a one year high of $196.38.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 earnings per share 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 business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the business posted $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, equities analysts predict that Brinker International, Inc. will post 10.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the company. Morgan Stanley raised their target price on Brinker International from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Citigroup decreased their price target on Brinker International from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Barclays raised their price target on Brinker International from $170.00 to $175.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Wells Fargo & Company lifted their price objective on shares of Brinker International from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, TD Cowen upped their price objective on shares of Brinker International from $170.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Brinker International has a consensus rating of “Moderate Buy” and an average target price of $191.20.

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.