Fisher Asset Management LLC Lowers Position in Brinker International, Inc. $EAT

Fisher Asset Management LLC trimmed its position in shares of Brinker International, Inc. (NYSE:EAT) by 15.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 243,853 shares of the restaurant operator’s stock after selling 44,114 shares during the quarter. Fisher Asset Management LLC owned 0.55% of Brinker International worth $43,974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Alberta Investment Management Corp bought a new position in shares of Brinker International during the 2nd quarter worth approximately $4,112,000. Axiom Investors LLC DE bought a new position in shares of Brinker International in the first quarter valued at approximately $8,079,000. Seeds Investor LLC bought a new position in shares of Brinker International in the second quarter valued at approximately $414,000. DAVENPORT & Co LLC grew its holdings in shares of Brinker International by 117.0% in the second quarter. DAVENPORT & Co LLC now owns 4,272 shares of the restaurant operator’s stock valued at $770,000 after acquiring an additional 2,303 shares in the last quarter. Finally, Transcendent Capital Group LLC bought a new stake in Brinker International during the second quarter worth $1,822,000.

Brinker International Trading Down 1.4%

NYSE:EAT opened at $149.23 on Wednesday. Brinker International, Inc. has a 1 year low of $100.30 and a 1 year high of $192.21. The stock’s fifty day moving average price is $125.98 and its two-hundred day moving average price is $149.59. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.35 and a quick ratio of 0.29. The company has a market cap of $6.63 billion, a P/E ratio of 15.48, a P/E/G ratio of 1.04 and a beta of 1.35.

Brinker International (NYSE:EAT) last released its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.17. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.32 billion. Brinker International had a return on equity of 164.66% and a net margin of 7.94%.The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. 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 year.

Insider Activity

In related news, COO Douglas N. Comings sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $156.48, for a total transaction of $2,503,680.00. Following the completion of the transaction, the chief operating officer owned 12,951 shares of the company’s stock, valued at approximately $2,026,572.48. The trade was a 55.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.43% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on EAT shares. UBS Group dropped their price target on Brinker International from $165.00 to $144.00 and set a “neutral” rating on the stock in a report on Monday, October 27th. The Goldman Sachs Group lowered their target price on Brinker International from $207.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday, September 30th. Wall Street Zen upgraded shares of Brinker International from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Brinker International in a report on Monday. Finally, Stifel Nicolaus lowered their price objective on shares of Brinker International from $215.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $167.44.

Brinker International Profile

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.