Assenagon Asset Management S.A. Trims Stock Position in Brinker International, Inc. $EAT

Assenagon Asset Management S.A. lessened its stake in Brinker International, Inc. (NYSE:EAT) by 76.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,674 shares of the restaurant operator’s stock after selling 140,339 shares during the period. Assenagon Asset Management S.A. owned 0.10% of Brinker International worth $5,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EAT. UBS Group decreased their price target on shares of Brinker International from $165.00 to $144.00 and set a “neutral” rating for the company in a research note on Monday, October 27th. JPMorgan Chase & Co. raised their price target on Brinker International from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday, December 11th. Bank of America upgraded shares of Brinker International from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $190.00 to $192.00 in a research report on Monday, October 6th. Citigroup raised Brinker International from a “neutral” rating to a “buy” rating and raised their target price for the company from $144.00 to $176.00 in a report on Tuesday, November 25th. Finally, Wells Fargo & Company upped their target price on shares of Brinker International from $160.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 17th. Ten 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.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $169.17.

Brinker International Trading Down 0.6%

Shares of EAT stock opened at $149.63 on Monday. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 1.03 and a beta of 1.35. The company has a current ratio of 0.35, a quick ratio of 0.29 and a debt-to-equity ratio of 1.53. The firm has a 50-day moving average price of $129.99 and a 200 day moving average price of $147.98. Brinker International, Inc. has a twelve month low of $100.30 and a twelve month high of $192.21.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Wednesday, October 29th. The restaurant operator reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.17. The business had revenue of $1.35 billion during 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 quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous 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 (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.