Elevatus Welath Management Takes Position in Brinker International, Inc. $EAT

Elevatus Welath Management acquired a new stake in shares of Brinker International, Inc. (NYSE:EAT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 17,536 shares of the restaurant operator’s stock, valued at approximately $3,162,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Westfield Capital Management Co. LP raised its position in Brinker International by 24.2% in the second quarter. Westfield Capital Management Co. LP now owns 1,236,583 shares of the restaurant operator’s stock valued at $222,993,000 after purchasing an additional 240,870 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Brinker International by 86.4% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,091,692 shares of the restaurant operator’s stock valued at $196,865,000 after buying an additional 506,087 shares during the period. Geode Capital Management LLC increased its stake in shares of Brinker International by 1.3% in the second quarter. Geode Capital Management LLC now owns 1,071,523 shares of the restaurant operator’s stock valued at $193,619,000 after buying an additional 14,033 shares during the period. Dimensional Fund Advisors LP raised its holdings in Brinker International by 5.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 967,550 shares of the restaurant operator’s stock valued at $144,201,000 after buying an additional 46,896 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in Brinker International by 107.1% during the 2nd quarter. Balyasny Asset Management L.P. now owns 639,362 shares of the restaurant operator’s stock worth $115,296,000 after buying an additional 330,611 shares during the period.

Analyst Ratings Changes

EAT has been the subject of several recent research reports. Jefferies Financial Group decreased their price target on shares of Brinker International from $175.00 to $144.00 and set a “hold” rating for the company in a research report on Monday, October 13th. JPMorgan Chase & Co. increased their price objective on Brinker International from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup raised Brinker International from a “neutral” rating to a “buy” rating and raised their target price for the stock from $144.00 to $176.00 in a research report on Tuesday, November 25th. Stifel Nicolaus reduced their price target on Brinker International from $215.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Finally, Morgan Stanley lowered their price objective on Brinker International from $161.00 to $160.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 22nd. Ten investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $167.72.

Brinker International Stock Performance

Shares of Brinker International stock opened at $144.28 on Friday. The business has a 50-day moving average price of $127.77 and a two-hundred day moving average price of $149.10. Brinker International, Inc. has a 1-year low of $100.30 and a 1-year high of $192.21. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 1.53. The company has a market cap of $6.41 billion, a P/E ratio of 14.97, a PEG ratio of 0.98 and a beta of 1.35.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, October 29th. The restaurant operator reported $1.93 EPS for the quarter, beating the consensus estimate of $1.76 by $0.17. Brinker International had a return on equity of 164.66% and a net margin of 7.94%.The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the company earned $0.95 EPS. The firm’s revenue for the quarter 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, analysts anticipate that Brinker International, Inc. will post 8.3 EPS 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.