Brinker International, Inc. $EAT Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its holdings in Brinker International, Inc. (NYSE:EAT) by 9.2% during the 1st quarter, Holdings Channel reports. The fund owned 52,907 shares of the restaurant operator’s stock after selling 5,350 shares during the period. New York State Teachers Retirement System’s holdings in Brinker International were worth $7,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EAT. Aquatic Capital Management LLC grew its position in Brinker International by 48.3% during the 3rd quarter. Aquatic Capital Management LLC now owns 101,282 shares of the restaurant operator’s stock worth $12,830,000 after purchasing an additional 32,991 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Brinker International by 319.9% in the 3rd quarter. Victory Capital Management Inc. now owns 93,499 shares of the restaurant operator’s stock valued at $11,844,000 after buying an additional 71,232 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Brinker International by 2.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 975,039 shares of the restaurant operator’s stock valued at $123,541,000 after buying an additional 18,935 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Brinker International by 579.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 296,959 shares of the restaurant operator’s stock worth $42,620,000 after buying an additional 253,285 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Brinker International by 29.1% in the third quarter. JPMorgan Chase & Co. now owns 168,467 shares of the restaurant operator’s stock worth $21,342,000 after buying an additional 37,947 shares during the last quarter.

Brinker International Price Performance

EAT traded up $1.51 during trading on Tuesday, hitting $177.79. The company’s stock had a trading volume of 106,788 shares, compared to its average volume of 1,169,163. The firm has a market capitalization of $7.63 billion, a price-to-earnings ratio of 17.44, a P/E/G ratio of 1.10 and a beta of 1.24. Brinker International, Inc. has a twelve month low of $100.30 and a twelve month high of $181.72. The business’s fifty day simple moving average is $149.16 and its 200 day simple moving average is $150.77. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.05.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.05. Brinker International had a return on equity of 123.22% and a net margin of 8.07%.The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm posted $2.66 EPS. The business’s revenue was up 3.2% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. On average, equities research analysts forecast that Brinker International, Inc. will post 10.75 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on EAT shares. Zacks Research cut Brinker International from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Weiss Ratings upgraded Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, June 16th. Wolfe Research initiated coverage on shares of Brinker International in a research note on Monday, March 9th. They set an “outperform” rating and a $184.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on shares of Brinker International from $187.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Finally, TD Cowen decreased their target price on shares of Brinker International from $188.00 to $170.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Fourteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Brinker International presently has an average rating of “Moderate Buy” and a consensus target price of $185.11.

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.