Louisiana State Employees Retirement System Buys Shares of 19,300 Brinker International, Inc. $EAT

Louisiana State Employees Retirement System acquired a new position in shares of Brinker International, Inc. (NYSE:EAT) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 19,300 shares of the restaurant operator’s stock, valued at approximately $2,755,000.

A number of other institutional investors have also recently added to or reduced their stakes in EAT. UBS Group AG increased its position in shares of Brinker International by 103.2% during the fourth quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock worth $427,066,000 after buying 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 4th quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock worth $163,938,000 after purchasing an additional 993,435 shares in the last quarter. Norges Bank bought a new position in Brinker International in the fourth quarter worth approximately $83,603,000. Congress Asset Management Co. bought a new position in shares of Brinker International in the 4th quarter worth $80,518,000. Finally, Capital World Investors grew its holdings 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 valued at $163,306,000 after buying an additional 558,799 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts recently issued reports on EAT shares. Barclays lifted their target price on Brinker International from $170.00 to $175.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. KeyCorp raised shares of Brinker International from a “sector weight” rating to an “overweight” rating and set a $177.00 target price for the company in a research report on Thursday, April 2nd. Wolfe Research initiated coverage on Brinker International in a report on Monday, March 9th. They issued an “outperform” rating and a $184.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of Brinker International from $187.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Finally, Morgan Stanley upped their price target on Brinker International from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $185.11.

Brinker International Price Performance

EAT opened at $171.69 on Monday. 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, Inc. has a 1 year low of $100.30 and a 1 year high of $187.12. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 1.23 and a beta of 1.27. The stock’s 50 day simple moving average is $146.50 and its 200 day simple moving average is $149.46.

Brinker International (NYSE:EAT) last posted its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.05. Brinker International had a net margin of 8.07% and a return on equity of 123.22%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same period in the prior year, the business posted $2.66 EPS. The firm’s 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. As a group, analysts predict that Brinker International, Inc. will post 10.75 earnings per share for the current year.

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.