Texas Permanent School Fund Corp Has $5.24 Million Stake in Brinker International, Inc. $EAT

Texas Permanent School Fund Corp lowered its stake in Brinker International, Inc. (NYSE:EAT) by 59.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,066 shares of the restaurant operator’s stock after selling 42,318 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Brinker International were worth $5,241,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Orion Porfolio Solutions LLC acquired a new position in Brinker International during the 2nd quarter worth approximately $1,200,000. B. Riley Wealth Advisors Inc. acquired a new stake in Brinker International in the second quarter valued at approximately $698,000. Advisory Services Network LLC grew its stake in shares of Brinker International by 4.3% during the second quarter. Advisory Services Network LLC now owns 7,219 shares of the restaurant operator’s stock worth $1,302,000 after buying an additional 297 shares during the last quarter. Caxton Associates LLP increased its holdings in shares of Brinker International by 0.8% during the second quarter. Caxton Associates LLP now owns 21,955 shares of the restaurant operator’s stock worth $3,959,000 after buying an additional 180 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in shares of Brinker International by 7.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 151,498 shares of the restaurant operator’s stock valued at $27,320,000 after acquiring an additional 10,694 shares during the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on EAT shares. Morgan Stanley reduced their price objective on Brinker International from $161.00 to $160.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 22nd. Jefferies Financial Group boosted their price target on Brinker International from $125.00 to $155.00 and gave the stock a “hold” rating in a report on Monday. The Goldman Sachs Group lowered their price objective on Brinker International from $207.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday, September 30th. Mizuho began coverage on shares of Brinker International in a research report on Tuesday, October 28th. They set an “outperform” rating and a $155.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price target on shares of Brinker International from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, December 11th. Ten investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $169.17.

Brinker International Stock Performance

Shares of EAT stock opened at $145.48 on Thursday. The stock has a market capitalization of $6.46 billion, a PE ratio of 15.09, a PEG ratio of 1.00 and a beta of 1.35. The business’s 50 day simple moving average is $128.97 and its 200 day simple moving average is $148.50. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.35 and a quick ratio of 0.29. Brinker International, Inc. has a one year low of $100.30 and a one year high of $192.21.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $1.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.17. Brinker International had a net margin of 7.94% and a return on equity of 164.66%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter in the previous year, the company earned $0.95 EPS. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, research analysts forecast that Brinker International, Inc. will post 8.3 earnings per share for the current year.

Brinker International Company Profile

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.