Envestnet Asset Management Inc. Has $2.65 Million Holdings in Brinker International, Inc. $EAT

Envestnet Asset Management Inc. raised its stake in shares of Brinker International, Inc. (NYSE:EAT) by 241.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 20,896 shares of the restaurant operator’s stock after purchasing an additional 14,779 shares during the period. Envestnet Asset Management Inc.’s holdings in Brinker International were worth $2,647,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allianz Asset Management GmbH lifted its holdings in shares of Brinker International by 64.3% in the third quarter. Allianz Asset Management GmbH now owns 303,926 shares of the restaurant operator’s stock valued at $38,501,000 after purchasing an additional 118,993 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Brinker International by 498.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 957 shares of the restaurant operator’s stock valued at $127,000 after acquiring an additional 797 shares in the last quarter. United Community Bank bought a new position in Brinker International during the 3rd quarter valued at $119,000. Principal Financial Group Inc. boosted its holdings in Brinker International by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 258,375 shares of the restaurant operator’s stock worth $32,731,000 after acquiring an additional 8,063 shares during the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in shares of Brinker International by 1.0% in the 3rd quarter. Thrivent Financial for Lutherans now owns 33,002 shares of the restaurant operator’s stock worth $4,181,000 after acquiring an additional 317 shares in the last quarter.

Insider Buying and Selling

In other news, CEO Kevin Hochman sold 66,000 shares of Brinker International stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $160.31, for a total value of $10,580,460.00. Following the completion of the transaction, the chief executive officer directly owned 129,824 shares in the company, valued at approximately $20,812,085.44. The trade was a 33.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO George S. Felix sold 10,431 shares of the stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $161.00, for a total value of $1,679,391.00. Following the sale, the chief marketing officer directly owned 8,064 shares in the company, valued at $1,298,304. This trade represents a 56.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 97,678 shares of company stock valued at $15,700,372 in the last 90 days. Corporate insiders own 1.43% of the company’s stock.

Brinker International Price Performance

Shares of NYSE:EAT opened at $151.25 on Friday. The firm has a market capitalization of $6.59 billion, a PE ratio of 15.29, a P/E/G ratio of 1.02 and a beta of 1.35. 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 company has a 50-day moving average price of $156.48 and a two-hundred day moving average price of $143.95. Brinker International, Inc. has a twelve month low of $100.30 and a twelve month high of $187.12.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Wednesday, January 28th. The restaurant operator reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.34. Brinker International had a net margin of 7.98% and a return on equity of 134.92%. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the company posted $2.80 EPS. Brinker International’s revenue was up 6.9% compared to the same quarter last year. Brinker International has set its FY 2026 guidance at 1.045-10.850 EPS. Equities analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Brinker International from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Barclays boosted their target price on Brinker International from $166.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 29th. Morgan Stanley increased their price target on Brinker International from $200.00 to $205.00 and gave the company an “overweight” rating in a research report on Thursday, January 29th. JPMorgan Chase & Co. lifted their price target on Brinker International from $177.00 to $187.00 and gave the stock an “overweight” rating in a report on Thursday, January 29th. Finally, TD Cowen began coverage on Brinker International in a research report on Tuesday, January 20th. They set a “buy” rating and a $192.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Brinker International presently has a consensus rating of “Moderate Buy” and a consensus price target of $188.56.

Brinker International Company 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.