Brinker International, Inc. $EAT Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp increased its position in shares of Brinker International, Inc. (NYSE:EAT) by 10,860.5% in the 1st quarter, Holdings Channel reports. The firm owned 28,607 shares of the restaurant operator’s stock after purchasing an additional 28,346 shares during the period. Fifth Third Bancorp’s holdings in Brinker International were worth $4,084,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. UBS Group AG lifted its holdings in Brinker International by 103.2% in 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 in the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Brinker International by 667.5% in 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 in the last quarter. Norges Bank purchased a new position in shares of Brinker International in the fourth quarter worth about $83,603,000. Congress Asset Management Co. acquired a new position in Brinker International during the fourth quarter worth about $80,518,000. Finally, Capital World Investors boosted its position in 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 acquiring an additional 558,799 shares during the last quarter.

More Brinker International News

Here are the key news stories impacting Brinker International this week:

• Positive Sentiment: Stephens initiated coverage on Brinker International with an overweight rating and a $220 price target, signaling meaningful upside from current levels.
• Positive Sentiment: Wells Fargo also raised its price target on Brinker International to $220 from $200 and kept an overweight rating, reinforcing the bullish analyst outlook. Benzinga report on Wells Fargo price target raise
• Positive Sentiment: KeyCorp lifted its price target to $204, adding to the cluster of positive analyst revisions for EAT.
• Positive Sentiment: Zacks highlighted Brinker as an incredible growth stock and said the company could beat earnings estimates again, which supports investor confidence ahead of the next report. Zacks growth-stock article
• Positive Sentiment: Another Zacks article noted Brinker’s strong earnings surprise history and favorable setup for another quarterly beat, which can be a catalyst for the shares. Zacks earnings beat article
• Neutral Sentiment: Coverage from market commentary on Brinker versus other consumer cyclical names helped keep the stock in focus, but it did not appear to materially change the investment thesis. The Globe and Mail analyst coverage article

Brinker International Price Performance

Shares of EAT stock opened at $189.28 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.40 and a quick ratio of 0.35. The company has a market capitalization of $8.12 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 1.17 and a beta of 1.24. The firm’s 50-day moving average is $156.45 and its two-hundred day moving average is $152.85. Brinker International, Inc. has a 12 month low of $100.30 and a 12 month high of $192.20.

Brinker International (NYSE:EAT) last posted its quarterly 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. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Brinker International had a net margin of 8.07% and a return on equity of 123.22%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.66 EPS. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. Analysts predict that Brinker International, Inc. will post 10.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EAT. Wells Fargo & Company increased their price objective on shares of Brinker International from $200.00 to $220.00 and gave the company an “overweight” rating in a report on Thursday. Barclays boosted their target price on Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Zacks Research lowered Brinker International from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Weiss Ratings raised Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 16th. Finally, KeyCorp increased their price target on Brinker International from $177.00 to $204.00 and gave the company an “overweight” rating in a report on Wednesday. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $189.20.

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.