Geode Capital Management LLC Sells 18,260 Shares of Brinker International, Inc. $EAT

Geode Capital Management LLC trimmed its stake in shares of Brinker International, Inc. (NYSE:EAT) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,060,367 shares of the restaurant operator’s stock after selling 18,260 shares during the quarter. Geode Capital Management LLC’s holdings in Brinker International were worth $152,208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aquatic Capital Management LLC raised its stake in shares of Brinker International by 48.3% during the 3rd quarter. Aquatic Capital Management LLC now owns 101,282 shares of the restaurant operator’s stock valued at $12,830,000 after purchasing an additional 32,991 shares during the period. Dynamic Technology Lab Private Ltd raised its stake in shares of Brinker International by 53.8% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 41,823 shares of the restaurant operator’s stock valued at $5,298,000 after purchasing an additional 14,622 shares during the period. Victory Capital Management Inc. raised its stake in shares of Brinker International by 319.9% during the 3rd quarter. Victory Capital Management Inc. now owns 93,499 shares of the restaurant operator’s stock valued at $11,844,000 after purchasing an additional 71,232 shares during the period. Navellier & Associates Inc. raised its stake in shares of Brinker International by 25.6% during the 3rd quarter. Navellier & Associates Inc. now owns 18,491 shares of the restaurant operator’s stock valued at $2,342,000 after purchasing an additional 3,771 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Brinker International by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 975,039 shares of the restaurant operator’s stock valued at $123,541,000 after purchasing an additional 18,935 shares during the period.

Brinker International Price Performance

Brinker International stock opened at $136.54 on Friday. Brinker International, Inc. has a 52 week low of $100.30 and a 52 week high of $187.12. The business has a 50-day simple moving average of $142.92 and a 200 day simple moving average of $147.39. 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 stock has a market cap of $5.86 billion, a price-to-earnings ratio of 13.39, a PEG ratio of 1.00 and a beta of 1.27.

Brinker International (NYSE:EAT) last posted 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. Brinker International had a return on equity of 123.22% and a net margin of 8.07%.The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the business earned $2.66 earnings per share. The firm’s revenue was up 3.2% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. On average, research analysts forecast that Brinker International, Inc. will post 10.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. TD Cowen decreased their price objective on Brinker International from $188.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Wolfe Research initiated coverage on Brinker International in a research report on Monday, March 9th. They set an “outperform” rating and a $184.00 target price for the company. KeyCorp upgraded Brinker International from a “sector weight” rating to an “overweight” rating and set a $177.00 target price for the company in a research report on Thursday, April 2nd. Barclays boosted their target price on Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Finally, Zacks Research cut Brinker International from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Fourteen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $185.11.

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.