Capital World Investors Boosts Stake in Brinker International, Inc. $EAT

Capital World Investors raised its position in shares of Brinker International, Inc. (NYSE:EAT) by 96.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,137,863 shares of the restaurant operator’s stock after buying an additional 558,799 shares during the quarter. Capital World Investors’ holdings in Brinker International were worth $163,306,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EAT. UBS Group AG boosted its position in shares of Brinker International by 103.2% in 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. Norges Bank purchased a new stake in shares of Brinker International in the fourth quarter worth about $83,603,000. Congress Asset Management Co. purchased a new stake in shares of Brinker International in the fourth quarter worth about $80,518,000. Samlyn Capital LLC boosted its position in shares of Brinker International by 104.9% in the third 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 during the period. Finally, Two Sigma Investments LP boosted its position in shares of Brinker International by 58.6% in the third quarter. Two Sigma Investments LP now owns 932,954 shares of the restaurant operator’s stock worth $118,187,000 after buying an additional 344,539 shares during the period.

Brinker International Trading Up 4.0%

Shares of NYSE EAT opened at $146.08 on Tuesday. The stock’s 50 day moving average price is $142.95 and its two-hundred day moving average price is $147.70. Brinker International, Inc. has a 52-week low of $100.30 and a 52-week high of $187.12. The stock has a market capitalization of $6.27 billion, a P/E ratio of 14.32, a PEG ratio of 1.01 and a beta of 1.27. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.05.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.85 by $0.05. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.47 billion. Brinker International had a return on equity of 123.22% and a net margin of 8.07%.Brinker International’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.66 earnings per share. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. On average, analysts anticipate that Brinker International, Inc. will post 10.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. DA Davidson assumed coverage on Brinker International in a research report on Friday, March 6th. They issued a “neutral” rating and a $155.00 target price for the company. Barclays upped their target price on Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Zacks Research downgraded Brinker International from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Wolfe Research assumed coverage on Brinker International in a research report on Monday, March 9th. They issued an “outperform” rating and a $184.00 target price for the company. Finally, Weiss Ratings downgraded Brinker International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 22nd. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $185.11.

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.