Brinker International, Inc. $EAT Shares Purchased by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. boosted its position in shares of Brinker International, Inc. (NYSE:EAT) by 107.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 639,362 shares of the restaurant operator’s stock after buying an additional 330,611 shares during the quarter. Balyasny Asset Management L.P. owned approximately 1.44% of Brinker International worth $115,296,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in shares of Brinker International by 105.8% during the 2nd quarter. Allworth Financial LP now owns 142 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 73 shares in the last quarter. GPS Wealth Strategies Group LLC raised its holdings in Brinker International by 52.1% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 219 shares of the restaurant operator’s stock worth $39,000 after purchasing an additional 75 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Brinker International by 5.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,462 shares of the restaurant operator’s stock worth $264,000 after purchasing an additional 81 shares during the period. Maryland State Retirement & Pension System boosted its position in Brinker International by 0.7% during the second quarter. Maryland State Retirement & Pension System now owns 13,043 shares of the restaurant operator’s stock worth $2,352,000 after purchasing an additional 85 shares in the last quarter. Finally, Yousif Capital Management LLC grew its holdings in Brinker International by 0.7% in the second quarter. Yousif Capital Management LLC now owns 12,097 shares of the restaurant operator’s stock valued at $2,181,000 after purchasing an additional 85 shares during the period.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EAT. Barclays reduced their target price on Brinker International from $145.00 to $135.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Evercore ISI raised shares of Brinker International from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $190.00 to $210.00 in a report on Thursday, September 4th. Morgan Stanley reduced their price objective on shares of Brinker International from $161.00 to $160.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 22nd. Wall Street Zen upgraded shares of Brinker International from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. Finally, Bank of America raised shares of Brinker International from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $190.00 to $192.00 in a research note on Monday, October 6th. Ten analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Brinker International currently has an average rating of “Moderate Buy” and an average target price of $167.72.

Brinker International Trading Up 1.2%

Shares of EAT opened at $144.28 on Friday. Brinker International, Inc. has a 52-week low of $100.30 and a 52-week high of $192.21. The stock has a market cap of $6.41 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 0.98 and a beta of 1.35. The firm’s fifty day moving average is $127.77 and its two-hundred day moving average is $149.10. 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 posted its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $1.93 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.17. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Brinker International had a net margin of 7.94% and a return on equity of 164.66%. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period last year, the firm posted $0.95 earnings per share. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. Research analysts forecast that Brinker International, Inc. will post 8.3 earnings per share for the current fiscal year.

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.