Jennison Associates LLC Invests $917,000 in Brinker International, Inc. $EAT

Jennison Associates LLC purchased a new stake in shares of Brinker International, Inc. (NYSE:EAT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 5,461 shares of the restaurant operator’s stock, valued at approximately $917,000.

Several other large investors have also made changes to their positions in the company. Transamerica Financial Advisors LLC increased its holdings in Brinker International by 570.4% in the fourth quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $26,000 after buying an additional 154 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Brinker International in the third quarter valued at approximately $25,000. Allworth Financial LP lifted its stake in Brinker International by 58.5% in the third quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 83 shares during the last quarter. Salomon & Ludwin LLC grew its position in Brinker International by 45.1% in the fourth 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, CoreCap Advisors LLC increased its stake in shares of Brinker International by 33,000.0% during the 2nd quarter. CoreCap Advisors LLC now owns 331 shares of the restaurant operator’s stock worth $56,000 after purchasing an additional 330 shares during the last quarter.

Brinker International Stock Performance

NYSE:EAT opened at $237.42 on Friday. Brinker International, Inc. has a 1 year low of $100.30 and a 1 year high of $253.71. The firm’s fifty day simple moving average is $186.95 and its 200 day simple moving average is $160.73. The company has a current ratio of 0.45, a quick ratio of 0.35 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $10.18 billion, a PE ratio of 21.80, a PEG ratio of 1.34 and a beta of 1.24.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 EPS for the quarter, missing the consensus estimate of $3.09 by ($0.02). The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.53 billion. Brinker International had a return on equity of 122.35% and a net margin of 8.39%.The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.30 EPS. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. On average, sell-side analysts anticipate that Brinker International, Inc. will post 13.07 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EAT. Wells Fargo & Company raised their price target on shares of Brinker International from $220.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday. DA Davidson upped their price objective on shares of Brinker International from $160.00 to $260.00 and gave the stock a “neutral” rating in a report on Thursday. UBS Group increased their target price on shares of Brinker International from $190.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Citigroup raised their target price on Brinker International from $227.00 to $282.00 and gave the company a “buy” rating in a report on Thursday. Finally, Barclays boosted their price target 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. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $234.35.

Key Stories Impacting Brinker International

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

• Positive Sentiment: Fiscal fourth-quarter results were broadly encouraging: revenue exceeded expectations, EPS increased 23.3% year over year, and Chili’s delivered strong sales and traffic growth with expanding margins. However, reported EPS was slightly below consensus in the company’s earnings release. Brinker Q4 Earnings Meet Estimates, Revenues Beat on Chili’s Growth
• Positive Sentiment: Management’s fiscal 2027 outlook calls for $12.60-$13.40 in EPS, supported in part by an extra 53rd operating week. Continued Chili’s traffic gains, restaurant reimages and cost control will determine whether the company can meet or exceed that guidance. EAT’s Fiscal 2027 Guidance Gets a Boost From the 53rd Operating Week
• Positive Sentiment: Several firms raised their price targets following the results, including Bank of America to $310 with a Buy rating, Stephens to $300, Citi to $282, Wells Fargo to $280 and KeyCorp to $275. These revisions reflect increased confidence in Chili’s execution and earnings growth.
• Neutral Sentiment: Brinker’s stock has risen 28.7% over the past month and reached a new 52-week high, raising expectations. Investors may now require continued traffic growth, margin delivery and guidance execution for further upside. EAT Jumps 28.7% in a Month
• Negative Sentiment: Northcoast Research downgraded EAT from Buy to Neutral, signaling that the recent rally may have priced in much of the expected improvement.
• Negative Sentiment: Analysts continue to flag elevated valuation, inflation and labor-cost risks, while Maggiano’s slower turnaround could limit consolidated growth. These concerns are contributing to profit-taking despite the favorable operating trends. Is EAT a Buy Now as Chili’s Growth Meets Cost and Valuation Risks?

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.