Fisher Asset Management LLC Reduces Position in Brinker International, Inc. $EAT

by · The Cerbat Gem

Fisher Asset Management LLC cut its position in shares of Brinker International, Inc. (NYSE:EAT – Free Report) by 8.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 221,178 shares of the restaurant operator’s stock after selling 20,935 shares during the quarter. Fisher Asset Management LLC’s holdings in Brinker International were worth $31,743,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Clearstead Advisors LLC lifted its holdings in Brinker International by 888.9% during the 4th quarter. Clearstead Advisors LLC now owns 3,936 shares of the restaurant operator’s stock valued at $565,000 after buying an additional 3,538 shares in the last quarter. New Age Alpha Advisors LLC lifted its holdings in Brinker International by 4.8% during the 4th quarter. New Age Alpha Advisors LLC now owns 2,047 shares of the restaurant operator’s stock valued at $294,000 after buying an additional 94 shares in the last quarter. Jefferies Financial Group Inc. lifted its holdings in Brinker International by 379.1% during the 4th quarter. Jefferies Financial Group Inc. now owns 20,600 shares of the restaurant operator’s stock valued at $2,957,000 after buying an additional 16,300 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Brinker International by 46.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,804 shares of the restaurant operator’s stock valued at $259,000 after buying an additional 572 shares in the last quarter. Finally, LSV Asset Management bought a new stake in Brinker International during the 4th quarter valued at about $732,000.

Brinker International Trading Up 1.3%

NYSE:EAT opened at $139.26 on Wednesday. Brinker International, Inc. has a one year low of $100.30 and a one year high of $187.12. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.35 and a current ratio of 0.40. The firm has a market cap of $5.97 billion, a P/E ratio of 13.65, a P/E/G ratio of 0.98 and a beta of 1.32. The firm has a 50-day simple moving average of $143.57 and a 200-day simple moving average of $145.84.

Brinker International (NYSE:EAT – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 EPS for the quarter, beating the consensus estimate of $2.85 by $0.05. Brinker International had a net margin of 8.07% and a return on equity of 123.22%. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the previous year, the business posted $2.66 EPS. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. Equities analysts anticipate that Brinker International, Inc. will post 10.74 EPS for the current fiscal year.

Analyst Ratings Changes

EAT has been the subject of a number of research analyst reports. KeyCorp upgraded shares of Brinker International from a “sector weight” rating to an “overweight” rating and set a $177.00 price objective for the company in a report on Thursday, April 2nd. Zacks Research lowered shares of Brinker International from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Wall Street Zen lowered Brinker International from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. JPMorgan Chase & Co. raised their price target on Brinker International from $187.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Finally, Morgan Stanley raised their price target on Brinker International from $205.00 to $207.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Brinker International currently has an average rating of “Moderate Buy” and a consensus target price of $185.11.

View Our Latest Analysis on EAT

About Brinker International

(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.

Featured Stories

Want to see what other hedge funds are holding EAT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brinker International, Inc. (NYSE:EAT – Free Report).