Night Squared LP Trims Stake in Brinker International, Inc. $EAT

Night Squared LP cut its position in shares of Brinker International, Inc. (NYSE:EAT) by 57.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,919 shares of the restaurant operator’s stock after selling 26,971 shares during the period. Night Squared LP’s holdings in Brinker International were worth $3,592,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EAT. Concord Wealth Partners bought a new position in shares of Brinker International during the second quarter valued at approximately $25,000. Allworth Financial LP grew its position in Brinker International by 105.8% in the 2nd quarter. Allworth Financial LP now owns 142 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 73 shares during the last quarter. AdvisorNet Financial Inc bought a new position in Brinker International in the 2nd quarter valued at $33,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Brinker International in the second quarter worth $34,000. Finally, National Bank of Canada FI lifted its position in shares of Brinker International by 227.3% during the first quarter. National Bank of Canada FI now owns 252 shares of the restaurant operator’s stock worth $38,000 after purchasing an additional 175 shares during the last quarter.

Analyst Ratings Changes

A number of research firms have recently commented on EAT. Citigroup upgraded shares of Brinker International from a “neutral” rating to a “buy” rating and upped their price target for the stock from $144.00 to $176.00 in a report on Tuesday, November 25th. BMO Capital Markets raised their target price on shares of Brinker International from $150.00 to $170.00 and gave the stock a “market perform” rating in a research report on Thursday, August 14th. UBS Group lowered their price target on Brinker International from $165.00 to $144.00 and set a “neutral” rating for the company in a report on Monday, October 27th. The Goldman Sachs Group dropped their price objective on Brinker International from $207.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, September 30th. Finally, Wells Fargo & Company decreased their target price on Brinker International from $175.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $167.44.

Brinker International Stock Down 1.6%

Shares of Brinker International stock opened at $139.96 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 1.53. The company has a market cap of $6.22 billion, a P/E ratio of 14.52, a PEG ratio of 0.98 and a beta of 1.35. The firm’s 50 day moving average price is $126.90 and its 200-day moving average price is $149.31. Brinker International, Inc. has a 52-week low of $100.30 and a 52-week high of $192.21.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, October 29th. The restaurant operator reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.17. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.32 billion. Brinker International had a net margin of 7.94% and a return on equity of 164.66%. Brinker International’s revenue was up 18.5% compared to the same quarter last year. During the same period last year, the firm earned $0.95 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. On average, sell-side analysts predict that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

About Brinker International

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.