Federated Hermes Inc. Sells 7,558 Shares of Brinker International, Inc. $EAT

Federated Hermes Inc. lessened its stake in Brinker International, Inc. (NYSE:EAT) by 10.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,239 shares of the restaurant operator’s stock after selling 7,558 shares during the quarter. Federated Hermes Inc. owned about 0.15% of Brinker International worth $11,765,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jump Financial LLC bought a new stake in shares of Brinker International in the 2nd quarter valued at about $282,000. Cresset Asset Management LLC bought a new position in Brinker International during the 2nd quarter worth approximately $227,000. Diametric Capital LP acquired a new position in Brinker International during the second quarter valued at approximately $2,436,000. Brown Advisory Inc. increased its stake in Brinker International by 33.0% in the second quarter. Brown Advisory Inc. now owns 1,789 shares of the restaurant operator’s stock valued at $323,000 after purchasing an additional 444 shares in the last quarter. Finally, Baird Financial Group Inc. bought a new stake in Brinker International in the second quarter valued at approximately $3,222,000.

Brinker International Trading Down 2.5%

NYSE:EAT opened at $136.56 on Thursday. The company has a market cap of $6.07 billion, a P/E ratio of 14.17, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35. 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 $127.12 and a two-hundred day moving average price of $149.22. 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

A number of equities analysts have recently weighed in on EAT shares. JPMorgan Chase & Co. reduced their price target on shares of Brinker International from $175.00 to $155.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Wells Fargo & Company reduced their target price on Brinker International from $175.00 to $160.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Evercore ISI raised Brinker International from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $190.00 to $210.00 in a research note on Thursday, September 4th. Citigroup upgraded Brinker International from a “neutral” rating to a “buy” rating and increased their price target for the stock from $144.00 to $176.00 in a report on Tuesday, November 25th. Finally, Barclays cut their price objective on Brinker International from $145.00 to $135.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Ten investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.