NorthCrest Asset Manangement LLC Buys 3,225 Shares of Brinker International, Inc. $EAT

NorthCrest Asset Manangement LLC grew its stake in Brinker International, Inc. (NYSE:EAT) by 38.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,559 shares of the restaurant operator’s stock after acquiring an additional 3,225 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Brinker International were worth $1,469,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Concord Wealth Partners acquired a new position in Brinker International during the second quarter valued at approximately $25,000. Allworth Financial LP boosted its position in shares of Brinker International by 105.8% during the second quarter. Allworth Financial LP now owns 142 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 73 shares in the last quarter. AdvisorNet Financial Inc acquired a new position in shares of Brinker International in the 2nd quarter valued at $33,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Brinker International in the 2nd quarter valued at $34,000. Finally, Salomon & Ludwin LLC bought a new stake in shares of Brinker International in the 3rd quarter valued at $26,000.

Brinker International Trading Up 1.2%

NYSE:EAT opened at $159.54 on Wednesday. The company has a market cap of $7.09 billion, a P/E ratio of 16.55, a price-to-earnings-growth ratio of 1.08 and a beta of 1.34. Brinker International, Inc. has a twelve month low of $100.30 and a twelve month high of $192.21. The business has a 50 day moving average price of $145.82 and a two-hundred day moving average price of $144.36. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 1.53.

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

Wall Street Analyst Weigh In

Several research firms have weighed in on EAT. TD Cowen assumed coverage on Brinker International in a report on Tuesday. They set a “buy” rating and a $192.00 target price on the stock. Citigroup lifted their price objective on Brinker International from $176.00 to $187.00 and gave the company a “buy” rating in a report on Friday, January 9th. Stifel Nicolaus lowered their target price on Brinker International from $215.00 to $200.00 and set a “buy” rating for the company in a research note on Friday, October 24th. Jefferies Financial Group lifted their price target on shares of Brinker International from $125.00 to $155.00 and gave the company a “hold” rating in a research note on Monday, December 15th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Brinker International in a report on Monday, December 29th. Twelve equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.89.

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.