Capital World Investors Buys 192,237 Shares of Brinker International, Inc. $EAT

Capital World Investors raised its position in Brinker International, Inc. (NYSE:EAT) by 49.7% in the third quarter, HoldingsChannel.com reports. The fund owned 579,064 shares of the restaurant operator’s stock after purchasing an additional 192,237 shares during the quarter. Capital World Investors’ holdings in Brinker International were worth $73,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. BW Gestao de Investimentos Ltda. lifted its stake in Brinker International by 250.9% in the 3rd quarter. BW Gestao de Investimentos Ltda. now owns 80,000 shares of the restaurant operator’s stock valued at $10,134,000 after purchasing an additional 57,200 shares during the last quarter. Swiss National Bank increased its position in Brinker International by 1.7% during the third quarter. Swiss National Bank now owns 86,200 shares of the restaurant operator’s stock worth $10,920,000 after buying an additional 1,400 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Brinker International in the third quarter valued at approximately $5,191,000. Russell Investments Group Ltd. raised its stake in Brinker International by 36.2% in the third quarter. Russell Investments Group Ltd. now owns 75,541 shares of the restaurant operator’s stock valued at $9,577,000 after buying an additional 20,095 shares during the period. Finally, Dynamic Technology Lab Private Ltd lifted its position in shares of Brinker International by 53.8% in the third quarter. Dynamic Technology Lab Private Ltd now owns 41,823 shares of the restaurant operator’s stock valued at $5,298,000 after buying an additional 14,622 shares during the last quarter.

Analyst Ratings Changes

A number of equities analysts have commented on EAT shares. Morgan Stanley lifted their price objective on shares of Brinker International from $200.00 to $205.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Wells Fargo & Company increased their price objective on shares of Brinker International from $175.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Piper Sandler raised their target price on shares of Brinker International from $140.00 to $166.00 and gave the stock a “neutral” rating in a research note on Thursday, January 29th. TD Cowen began coverage on shares of Brinker International in a research note on Tuesday, January 20th. They issued a “buy” rating and a $192.00 price target on the stock. Finally, Citigroup increased their price target on shares of Brinker International from $187.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $186.44.

Insiders Place Their Bets

In related news, EVP Aaron M. White sold 7,000 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $165.00, for a total value of $1,155,000.00. Following the completion of the sale, the executive vice president directly owned 42,756 shares in the company, valued at $7,054,740. This represents a 14.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kevin Hochman sold 66,000 shares of the firm’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $160.31, for a total value of $10,580,460.00. Following the transaction, the chief executive officer owned 129,824 shares of the company’s stock, valued at $20,812,085.44. This trade represents a 33.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 97,678 shares of company stock worth $15,700,372. Company insiders own 1.43% of the company’s stock.

Brinker International Trading Down 4.2%

EAT opened at $138.23 on Friday. The stock has a market capitalization of $6.02 billion, a price-to-earnings ratio of 13.98, a P/E/G ratio of 1.02 and a beta of 1.34. The company has a quick ratio of 0.31, a current ratio of 0.36 and a debt-to-equity ratio of 1.19. Brinker International, Inc. has a twelve month low of $100.30 and a twelve month high of $187.12. The company has a 50-day simple moving average of $155.07 and a 200 day simple moving average of $142.96.

Brinker International (NYSE:EAT) last released its earnings results on Wednesday, January 28th. The restaurant operator reported $2.87 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.34. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Brinker International had a return on equity of 134.92% and a net margin of 7.98%.The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.80 earnings per share. Brinker International has set its FY 2026 guidance at 1.045-10.850 EPS. Analysts predict that Brinker International, Inc. will post 8.3 EPS for the current fiscal 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.