Norges Bank Invests $83.60 Million in Brinker International, Inc. $EAT

Norges Bank bought a new position in Brinker International, Inc. (NYSE:EAT) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 582,520 shares of the restaurant operator’s stock, valued at approximately $83,603,000.

Several other hedge funds also recently made changes to their positions in EAT. Caitong International Asset Management Co. Ltd acquired a new position in shares of Brinker International in the 3rd quarter worth approximately $25,000. Allworth Financial LP lifted its holdings in shares of Brinker International by 58.5% in the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 83 shares during the last quarter. Salomon & Ludwin LLC lifted its holdings in shares of Brinker International by 45.1% in the 4th quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock worth $45,000 after purchasing an additional 93 shares during the last quarter. First Horizon Corp lifted its holdings in shares of Brinker International by 116.0% in the 4th quarter. First Horizon Corp now owns 337 shares of the restaurant operator’s stock worth $48,000 after purchasing an additional 181 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in shares of Brinker International by 1,233.3% in the 4th quarter. Global Retirement Partners LLC now owns 360 shares of the restaurant operator’s stock worth $52,000 after purchasing an additional 333 shares during the last quarter.

Brinker International Stock Up 2.8%

Shares of Brinker International stock opened at $140.26 on Friday. Brinker International, Inc. has a 1-year low of $100.30 and a 1-year high of $187.12. 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 business’s fifty day moving average price is $142.79 and its two-hundred day moving average price is $147.34. The company has a market capitalization of $6.02 billion, a P/E ratio of 13.75, a PEG ratio of 0.98 and a beta of 1.27.

Brinker International (NYSE:EAT) last posted its quarterly earnings data on Wednesday, April 29th. The restaurant operator reported $2.90 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.05. Brinker International had a return on equity of 123.22% and a net margin of 8.07%.The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the business earned $2.66 EPS. The company’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. As a group, research analysts forecast that Brinker International, Inc. will post 10.75 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wolfe Research assumed coverage on Brinker International in a report on Monday, March 9th. They issued an “outperform” rating and a $184.00 price target on the stock. Zacks Research downgraded Brinker International from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Citigroup cut their price target on Brinker International from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Monday, April 13th. DA Davidson assumed coverage on Brinker International in a report on Friday, March 6th. They issued a “neutral” rating and a $155.00 price target on the stock. Finally, JPMorgan Chase & Co. raised their price target on Brinker International from $187.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. Fourteen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to 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.