Assenagon Asset Management S.A. Has $42.62 Million Position in Brinker International, Inc. $EAT

Assenagon Asset Management S.A. grew its stake in shares of Brinker International, Inc. (NYSE:EAT) by 579.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 296,959 shares of the restaurant operator’s stock after acquiring an additional 253,285 shares during the period. Assenagon Asset Management S.A. owned 0.67% of Brinker International worth $42,620,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of EAT. Caitong International Asset Management Co. Ltd acquired a new position in Brinker International in the 3rd quarter worth about $25,000. Salomon & Ludwin LLC acquired a new stake in shares of Brinker International during the 3rd quarter valued at about $26,000. Allworth Financial LP grew its stake in shares of Brinker International by 58.5% in the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 83 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in Brinker International in the second quarter worth approximately $34,000. Finally, Employees Retirement System of Texas acquired a new position in Brinker International in the second quarter worth approximately $50,000.

Brinker International Stock Down 3.1%

Shares of EAT stock opened at $146.93 on Thursday. Brinker International, Inc. has a 12 month low of $100.30 and a 12 month high of $187.12. The company has a quick ratio of 0.31, a current ratio of 0.36 and a debt-to-equity ratio of 1.19. The firm has a market cap of $6.40 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 1.07 and a beta of 1.34. The stock has a 50 day moving average of $152.51 and a 200-day moving average of $142.10.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, January 28th. The restaurant operator reported $2.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.34. Brinker International had a net margin of 7.98% and a return on equity of 134.92%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the company posted $2.80 earnings per share. Brinker International’s quarterly revenue was up 6.9% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 1.045-10.850 EPS. On average, equities analysts predict that Brinker International, Inc. will post 8.3 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on EAT shares. Morgan Stanley lifted their target price on shares of Brinker International from $200.00 to $205.00 and gave the company an “overweight” rating in a research note on Thursday, January 29th. UBS Group raised their price target on shares of Brinker International from $175.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Raymond James Financial raised shares of Brinker International from a “market perform” rating to an “outperform” rating and set a $195.00 price objective for the company in a research note on Wednesday, January 21st. JPMorgan Chase & Co. upped their price objective on shares of Brinker International from $187.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. Finally, The Goldman Sachs Group increased their target price on shares of Brinker International from $180.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Brinker International has an average rating of “Moderate Buy” and a consensus price target of $186.61.

Insider Buying and Selling

In other Brinker International news, EVP Michaela M. Ware sold 5,000 shares of the firm’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $162.40, for a total value of $812,000.00. Following the sale, the executive vice president directly owned 19,923 shares in the company, valued at $3,235,495.20. This trade represents a 20.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ramona Hood sold 400 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $161.32, for a total transaction of $64,528.00. Following the transaction, the director owned 9,066 shares in the company, valued at approximately $1,462,527.12. The trade was a 4.23% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 97,678 shares of company stock worth $15,700,372. 1.43% of the stock is currently owned by corporate insiders.

About Brinker International

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.