Hsbc Holdings PLC Acquires 20,356 Shares of Brinker International, Inc. $EAT

Hsbc Holdings PLC raised its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 155.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 33,416 shares of the restaurant operator’s stock after acquiring an additional 20,356 shares during the quarter. Hsbc Holdings PLC’s holdings in Brinker International were worth $4,803,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Invesco Ltd. boosted its position in shares of Brinker International by 0.9% during the fourth quarter. Invesco Ltd. now owns 564,633 shares of the restaurant operator’s stock valued at $81,036,000 after buying an additional 5,064 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in Brinker International by 51.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 12,880 shares of the restaurant operator’s stock worth $1,849,000 after buying an additional 4,372 shares in the last quarter. Mackenzie Financial Corp raised its position in Brinker International by 111.8% in the 4th quarter. Mackenzie Financial Corp now owns 6,258 shares of the restaurant operator’s stock worth $892,000 after buying an additional 3,304 shares during the last quarter. Empowered Funds LLC lifted its stake in Brinker International by 422.2% during the 4th quarter. Empowered Funds LLC now owns 58,637 shares of the restaurant operator’s stock valued at $8,416,000 after acquiring an additional 47,409 shares during the period. Finally, XTX Topco Ltd lifted its stake in Brinker International by 160.8% during the 4th quarter. XTX Topco Ltd now owns 19,853 shares of the restaurant operator’s stock valued at $2,849,000 after acquiring an additional 12,240 shares during the period.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Weiss Ratings raised shares of Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, June 16th. DA Davidson started coverage on shares of Brinker International in a research report on Friday, March 6th. They set a “neutral” rating and a $155.00 price objective on the stock. Zacks Research cut shares of Brinker International from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Barclays lifted their target price on shares of Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Finally, Wolfe Research assumed coverage on shares of Brinker International in a research note on Monday, March 9th. They set an “outperform” rating and a $184.00 target price for the company. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Brinker International has a consensus rating of “Moderate Buy” and a consensus target price of $185.11.

Brinker International Stock Performance

EAT opened at $171.69 on Friday. The company has a 50 day simple moving average of $146.50 and a two-hundred day simple moving average of $149.41. 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 firm has a market cap of $7.36 billion, a P/E ratio of 16.83, a PEG ratio of 1.23 and a beta of 1.27. Brinker International, Inc. has a 1-year low of $100.30 and a 1-year high of $187.12.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $2.90 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $1.47 billion. During the same period last year, the firm earned $2.66 EPS. The company’s 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. Equities analysts forecast that Brinker International, Inc. will post 10.75 earnings per share for the current fiscal year.

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.