Janus Henderson Group PLC grew its stake in Brinker International, Inc. (NYSE:EAT – Free Report) by 55.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,366 shares of the restaurant operator’s stock after purchasing an additional 10,826 shares during the period. Janus Henderson Group PLC’s holdings in Brinker International were worth $4,337,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS Group AG lifted its stake in shares of Brinker International by 103.2% in the 4th quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock valued at $427,066,000 after purchasing an additional 1,511,266 shares during the period. Balyasny Asset Management L.P. grew its position in Brinker International by 667.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock valued at $163,938,000 after buying an additional 993,435 shares during the period. Norges Bank acquired a new stake in Brinker International during the fourth quarter valued at $83,603,000. Capital World Investors increased its holdings in Brinker International by 96.5% in the fourth quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock valued at $163,306,000 after buying an additional 558,799 shares in the last quarter. Finally, Samlyn Capital LLC increased its holdings in Brinker International by 104.9% in the third quarter. Samlyn Capital LLC now owns 878,584 shares of the restaurant operator’s stock valued at $111,299,000 after buying an additional 449,871 shares in the last quarter.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on EAT. TD Cowen upped their price objective on shares of Brinker International from $170.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. KeyCorp lifted their price target on Brinker International from $177.00 to $204.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Wells Fargo & Company upped their price target on Brinker International from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Weiss Ratings upgraded Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 16th. Finally, Morgan Stanley raised their price objective on Brinker International from $205.00 to $207.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $193.25.
Brinker International Stock Performance
EAT opened at $227.14 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.05. The company has a market cap of $9.74 billion, a price-to-earnings ratio of 22.27, a PEG ratio of 1.34 and a beta of 1.24. Brinker International, Inc. has a 52-week low of $100.30 and a 52-week high of $229.99. The firm’s fifty day simple moving average is $175.87 and its two-hundred day simple moving average is $157.70.
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.
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