Mane Global Capital Management LP Buys New Position in Brinker International, Inc. $EAT

Mane Global Capital Management LP purchased a new position in Brinker International, Inc. (NYSE:EAT) in the second quarter, Holdings Channel.com reports. The fund purchased 380,942 shares of the restaurant operator’s stock, valued at approximately $68,695,000. Brinker International comprises 2.9% of Mane Global Capital Management LP’s portfolio, making the stock its 13th largest position.

Several other institutional investors have also added to or reduced their stakes in the stock. Alberta Investment Management Corp purchased a new stake in Brinker International in the second quarter worth about $4,112,000. Seeds Investor LLC purchased a new position in shares of Brinker International during the 2nd quarter worth approximately $414,000. Axiom Investors LLC DE bought a new position in shares of Brinker International in the 1st quarter worth approximately $8,079,000. DAVENPORT & Co LLC raised its position in shares of Brinker International by 117.0% in the 2nd quarter. DAVENPORT & Co LLC now owns 4,272 shares of the restaurant operator’s stock worth $770,000 after acquiring an additional 2,303 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Brinker International by 86.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,091,692 shares of the restaurant operator’s stock valued at $196,865,000 after purchasing an additional 506,087 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EAT shares. Barclays reduced their price target on Brinker International from $145.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Wells Fargo & Company reduced their target price on shares of Brinker International from $175.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Bank of America upgraded shares of Brinker International from a “neutral” rating to a “buy” rating and increased their price target for the stock from $190.00 to $192.00 in a research note on Monday, October 6th. Evercore ISI raised shares of Brinker International from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $190.00 to $210.00 in a research note on Thursday, September 4th. Finally, Piper Sandler raised their target price on shares of Brinker International from $155.00 to $168.00 and gave the company a “neutral” rating in a research note on Thursday, August 14th. Ten analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $167.44.

Brinker International Stock Down 2.5%

NYSE:EAT opened at $136.56 on Thursday. The firm has a market cap of $6.07 billion, a P/E ratio of 14.17, a P/E/G ratio of 0.97 and a beta of 1.35. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.29 and a current ratio of 0.35. Brinker International, Inc. has a fifty-two week low of $100.30 and a fifty-two week high of $192.21. The firm has a 50-day simple moving average of $127.12 and a two-hundred day simple moving average of $149.22.

Brinker International (NYSE:EAT) last issued its earnings results on Wednesday, October 29th. The restaurant operator reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.17. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Brinker International had a net margin of 7.94% and a return on equity of 164.66%. The business’s revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.95 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Analysts predict that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

About Brinker International

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.