Victory Capital Management Inc. Acquires 71,232 Shares of Brinker International, Inc. $EAT

Victory Capital Management Inc. raised its stake in shares of Brinker International, Inc. (NYSE:EAT) by 319.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,499 shares of the restaurant operator’s stock after buying an additional 71,232 shares during the period. Victory Capital Management Inc. owned 0.21% of Brinker International worth $11,844,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Westfield Capital Management Co. LP lifted its holdings in Brinker International by 24.2% in the 2nd quarter. Westfield Capital Management Co. LP now owns 1,236,583 shares of the restaurant operator’s stock worth $222,993,000 after purchasing an additional 240,870 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Brinker International by 86.4% during 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 purchasing an additional 506,087 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Brinker International by 1.3% in the second quarter. Geode Capital Management LLC now owns 1,071,523 shares of the restaurant operator’s stock valued at $193,619,000 after purchasing an additional 14,033 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of 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 worth $115,296,000 after buying an additional 330,611 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Brinker International by 23.1% during the 2nd quarter. Invesco Ltd. now owns 628,857 shares of the restaurant operator’s stock worth $113,402,000 after buying an additional 117,864 shares during the period.

Brinker International Stock Up 3.1%

EAT stock opened at $144.10 on Thursday. Brinker International, Inc. has a twelve month low of $100.30 and a twelve month high of $187.12. The company has a quick ratio of 0.31, a current ratio of 0.36 and a debt-to-equity ratio of 1.19. The company has a market cap of $6.28 billion, a PE ratio of 14.57, a price-to-earnings-growth ratio of 0.99 and a beta of 1.34. The business’s 50-day simple moving average is $155.17 and its 200 day simple moving average is $142.99.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Jefferies Financial Group raised their target price on shares of Brinker International from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Thursday, January 29th. The Goldman Sachs Group lifted their price objective on Brinker International from $180.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Morgan Stanley increased their target price on Brinker International from $200.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. Raymond James Financial raised Brinker International from a “market perform” rating to an “outperform” rating and set a $195.00 price target on the stock in a research report on Wednesday, January 21st. Finally, Wall Street Zen lowered Brinker International from a “buy” rating to a “hold” rating in a report on Saturday, January 31st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $186.44.

Insider Activity

In other news, Director James C. Katzman sold 447 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $164.19, for a total transaction of $73,392.93. Following the completion of the transaction, the director directly owned 28,994 shares of the company’s stock, valued at approximately $4,760,524.86. This trade represents a 1.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO George S. Felix sold 10,431 shares of the company’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $161.00, for a total transaction of $1,679,391.00. Following the completion of the sale, the chief marketing officer directly owned 8,064 shares in the company, valued at approximately $1,298,304. The trade was a 56.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 97,678 shares of company stock valued at $15,700,372. 1.43% of the stock is owned by insiders.

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.