New York State Teachers Retirement System Decreases Stock Holdings in Brinker International, Inc. $EAT

New York State Teachers Retirement System lessened its stake in Brinker International, Inc. (NYSE:EAT) by 9.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,907 shares of the restaurant operator’s stock after selling 5,350 shares during the period. New York State Teachers Retirement System owned 0.12% of Brinker International worth $7,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Transamerica Financial Advisors LLC boosted 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 valued at $26,000 after buying an additional 154 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Brinker International in the 3rd quarter worth approximately $25,000. Allworth Financial LP raised its stake in shares of Brinker International by 58.5% during the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 83 shares in the last quarter. Salomon & Ludwin LLC raised its stake in shares of Brinker International by 45.1% during the 4th quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock worth $45,000 after acquiring an additional 93 shares in the last quarter. Finally, First Horizon Corp raised its stake in shares of Brinker International by 116.0% during the 4th quarter. First Horizon Corp now owns 337 shares of the restaurant operator’s stock worth $48,000 after acquiring an additional 181 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Citigroup lowered their target price on shares of Brinker International from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Monday, April 13th. JPMorgan Chase & Co. upped their price target on Brinker International from $187.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Morgan Stanley increased their price objective on Brinker International from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. TD Cowen lowered their price objective 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. Finally, Zacks Research downgraded Brinker International from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Fourteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $185.11.

Brinker International Stock Performance

Shares of NYSE EAT traded up $1.51 during midday trading on Tuesday, reaching $177.79. The company had a trading volume of 106,788 shares, compared to its average volume of 1,169,163. Brinker International, Inc. has a 1 year low of $100.30 and a 1 year high of $181.72. The business’s 50-day simple moving average is $149.16 and its 200 day simple moving average is $150.77. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.05. The stock has a market cap of $7.63 billion, a P/E ratio of 17.44, a P/E/G ratio of 1.10 and a beta of 1.24.

Brinker International (NYSE:EAT) last announced its quarterly earnings data 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 net margin of 8.07% and a return on equity of 123.22%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period in the previous year, the company earned $2.66 earnings per share. The business’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. On average, analysts forecast 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.