46,298 Shares in Brinker International, Inc. $EAT Bought by Night Squared LP

Night Squared LP purchased a new position in Brinker International, Inc. (NYSE:EATFree Report) in the fourth quarter, Holdings Channel.com reports. The fund purchased 46,298 shares of the restaurant operator’s stock, valued at approximately $6,645,000. Brinker International comprises 1.9% of Night Squared LP’s portfolio, making the stock its 25th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in Brinker International in the third quarter worth $25,000. Transamerica Financial Advisors LLC lifted its stake 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 acquiring an additional 154 shares during the period. 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 worth $28,000 after acquiring an additional 83 shares during the period. Salomon & Ludwin LLC lifted its stake 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 during the period. Finally, First Horizon Corp lifted its stake in Brinker International by 116.0% in the fourth quarter. First Horizon Corp now owns 337 shares of the restaurant operator’s stock worth $48,000 after acquiring an additional 181 shares during the period.

Brinker International Stock Performance

Shares of Brinker International stock opened at $153.78 on Wednesday. Brinker International, Inc. has a 12 month low of $100.30 and a 12 month high of $187.12. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.05. The business has a fifty day simple moving average of $144.51 and a two-hundred day simple moving average of $148.35. The firm has a market capitalization of $6.60 billion, a P/E ratio of 15.08, a P/E/G ratio of 1.12 and a beta of 1.27.

Brinker International (NYSE:EATGet Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.05. Brinker International had a return on equity of 123.22% and a net margin of 8.07%.The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the company earned $2.66 earnings per share. 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. On average, equities analysts forecast that Brinker International, Inc. will post 10.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on EAT. Morgan Stanley raised their price objective on Brinker International from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. DA Davidson began coverage on Brinker International in a research report on Friday, March 6th. They set a “neutral” rating and a $155.00 price objective for the company. Citigroup lowered their price objective on Brinker International from $190.00 to $186.00 and set a “buy” rating for the company in a research report on Monday, April 13th. JPMorgan Chase & Co. raised their price objective on Brinker International from $187.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. Finally, KeyCorp raised Brinker International from a “sector weight” rating to an “overweight” rating and set a $177.00 price objective for the company in a research report on Thursday, April 2nd. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Brinker International presently has an average rating of “Moderate Buy” and a consensus target price of $185.11.

Check Out Our Latest Report on Brinker International

About Brinker International

(Free Report)

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.

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Institutional Ownership by Quarter for Brinker International (NYSE:EAT)

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