BI Asset Management Fondsmaeglerselskab A S Grows Stake in Brinker International, Inc. $EAT

BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 15.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 128,738 shares of the restaurant operator’s stock after acquiring an additional 17,324 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Brinker International were worth $23,215,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in EAT. Allworth Financial LP raised its holdings in Brinker International by 105.8% during the second quarter. Allworth Financial LP now owns 142 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 73 shares in the last quarter. GPS Wealth Strategies Group LLC raised its stake in Brinker International by 52.1% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 219 shares of the restaurant operator’s stock worth $39,000 after acquiring an additional 75 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in Brinker International by 5.9% in the second quarter. Sequoia Financial Advisors LLC now owns 1,462 shares of the restaurant operator’s stock valued at $264,000 after acquiring an additional 81 shares during the last quarter. Maryland State Retirement & Pension System boosted its stake in Brinker International by 0.7% in the second quarter. Maryland State Retirement & Pension System now owns 13,043 shares of the restaurant operator’s stock valued at $2,352,000 after acquiring an additional 85 shares in the last quarter. Finally, Yousif Capital Management LLC grew its holdings in shares of Brinker International by 0.7% during the second quarter. Yousif Capital Management LLC now owns 12,097 shares of the restaurant operator’s stock worth $2,181,000 after purchasing an additional 85 shares during the last quarter.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Evercore ISI raised Brinker International from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $190.00 to $210.00 in a report on Thursday, September 4th. Bank of America upgraded Brinker International from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $190.00 to $192.00 in a research note on Monday, October 6th. Jefferies Financial Group lowered their target price on shares of Brinker International from $175.00 to $144.00 and set a “hold” rating on the stock in a research report on Monday, October 13th. 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. Finally, Wells Fargo & Company lowered their price objective on shares of Brinker International from $175.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Brinker International presently has an average rating of “Moderate Buy” and an average target price of $167.72.

Brinker International Stock Up 1.2%

Shares of NYSE:EAT opened at $144.28 on Friday. Brinker International, Inc. has a fifty-two week low of $100.30 and a fifty-two week high of $192.21. 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 firm’s 50-day simple moving average is $127.77 and its 200-day simple moving average is $149.10. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 14.97, a PEG ratio of 0.98 and a beta of 1.35.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $1.93 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the firm earned $0.95 earnings per share. The firm’s revenue was up 18.5% compared to the same quarter last year. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, equities research analysts predict that Brinker International, Inc. will post 8.3 earnings per share for the current 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.