Voya Investment Management LLC Sells 4,540 Shares of Brinker International, Inc. $EAT

by · The Cerbat Gem

Voya Investment Management LLC lessened its position in shares of Brinker International, Inc. (NYSE:EAT – Free Report) by 24.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,874 shares of the restaurant operator’s stock after selling 4,540 shares during the quarter. Voya Investment Management LLC’s holdings in Brinker International were worth $1,758,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EAT. Norges Bank acquired a new position in Brinker International during the 2nd quarter valued at about $98,731,000. Alyeska Investment Group L.P. bought a new stake in shares of Brinker International during the first quarter worth approximately $76,114,000. Arrowstreet Capital Limited Partnership lifted its holdings in 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. Mane Global Capital Management LP bought a new position in Brinker International in the second quarter valued at approximately $68,695,000. Finally, Balyasny Asset Management L.P. boosted its stake in Brinker International by 107.1% in the second quarter. Balyasny Asset Management L.P. now owns 639,362 shares of the restaurant operator’s stock valued at $115,296,000 after acquiring an additional 330,611 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EAT. Jefferies Financial Group increased their price target on Brinker International from $125.00 to $155.00 and gave the company a “hold” rating in a research note on Monday, December 15th. UBS Group dropped their price objective on Brinker International from $165.00 to $144.00 and set a “neutral” rating for the company in a report on Monday, October 27th. Weiss Ratings restated a “hold (c+)” rating on shares of Brinker International in a report on Monday, December 22nd. Citigroup upgraded Brinker International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $144.00 to $176.00 in a research report on Tuesday, November 25th. Finally, Barclays cut their price target on shares of Brinker International from $145.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. Nine 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 currently has an average rating of “Moderate Buy” and an average target price of $170.29.

View Our Latest Stock Analysis on EAT

Brinker International Trading Down 1.0%

NYSE:EAT opened at $149.38 on Monday. 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 debt-to-equity ratio of 1.53, a current ratio of 0.35 and a quick ratio of 0.29. The stock has a market capitalization of $6.64 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.03 and a beta of 1.34. The business’s 50-day simple moving average is $132.09 and its 200-day simple moving average is $147.22.

Brinker International (NYSE:EAT – Get Free Report) last announced its earnings results on Wednesday, October 29th. The restaurant operator reported $1.93 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the company posted $0.95 EPS. The business’s quarterly revenue was up 18.5% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Sell-side analysts expect that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

Brinker International Profile

(Free Report)

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.

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