Norges Bank Acquires Shares of 582,520 Brinker International, Inc. $EAT

Norges Bank bought a new stake in shares of Brinker International, Inc. (NYSE:EAT) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 582,520 shares of the restaurant operator’s stock, valued at approximately $83,603,000. Norges Bank owned 1.34% of Brinker International as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Brinker International during the 3rd quarter valued at about $25,000. Allworth Financial LP raised its holdings in shares of Brinker International by 58.5% during the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 83 shares during the period. Salomon & Ludwin LLC raised its holdings in shares of Brinker International by 45.1% during the 4th quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $45,000 after buying an additional 93 shares during the period. First Horizon Corp raised its holdings in shares of Brinker International by 116.0% during the 4th quarter. First Horizon Corp now owns 337 shares of the restaurant operator’s stock valued at $48,000 after buying an additional 181 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in shares of Brinker International by 1,233.3% during the 4th quarter. Global Retirement Partners LLC now owns 360 shares of the restaurant operator’s stock valued at $52,000 after buying an additional 333 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on EAT shares. Barclays raised their target price on Brinker International from $170.00 to $175.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. raised their target price on Brinker International from $187.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Wolfe Research started coverage on Brinker International in a report on Monday, March 9th. They set an “outperform” rating and a $184.00 target price on the stock. Citigroup dropped their target price on Brinker International from $190.00 to $186.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Finally, KeyCorp upgraded Brinker International from a “sector weight” rating to an “overweight” rating and set a $177.00 target price on the stock in a report on Thursday, April 2nd. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $185.11.

Brinker International Price Performance

Shares of EAT opened at $140.26 on Friday. The firm has a market cap of $6.02 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 0.98 and a beta of 1.27. The stock has a 50 day moving average of $142.79 and a 200-day moving average of $147.34. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.05. Brinker International, Inc. has a 52 week low of $100.30 and a 52 week high of $187.12.

Brinker International (NYSE:EAT) last issued its earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 EPS for the quarter, topping the consensus estimate of $2.85 by $0.05. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Brinker International had a return on equity of 123.22% and a net margin of 8.07%.The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.66 EPS. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. As a group, analysts forecast that Brinker International, Inc. will post 10.75 EPS for the current year.

About Brinker International

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.