Easterly Investment Partners LLC Makes New Investment in Brinker International, Inc. $EAT

Easterly Investment Partners LLC purchased a new position in Brinker International, Inc. (NYSE:EAT) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 80,593 shares of the restaurant operator’s stock, valued at approximately $11,567,000.

Other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in Brinker International in the 3rd quarter worth $25,000. Allworth Financial LP grew its position in shares of Brinker International by 58.5% during the third quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 83 shares in the last quarter. Salomon & Ludwin LLC grew its position in shares of Brinker International by 45.1% during the fourth quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $45,000 after purchasing an additional 93 shares in the last quarter. First Horizon Corp grew its position in shares of Brinker International by 116.0% during the fourth quarter. First Horizon Corp now owns 337 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 181 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in shares of Brinker International by 1,233.3% during the fourth quarter. Global Retirement Partners LLC now owns 360 shares of the restaurant operator’s stock valued at $52,000 after purchasing an additional 333 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on EAT shares. Wolfe Research started coverage on Brinker International in a research report on Monday, March 9th. They set an “outperform” rating and a $184.00 price objective for the company. Barclays raised their price objective on Brinker International from $170.00 to $175.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. KeyCorp upgraded Brinker International from a “sector weight” rating to an “overweight” rating and set a $177.00 price objective for the company in a research report on Thursday, April 2nd. Zacks Research lowered Brinker International from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Finally, Morgan Stanley raised their price objective on Brinker International from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, Brinker International presently has a consensus rating of “Moderate Buy” and an average price target of $185.11.

Brinker International Trading Down 0.1%

EAT opened at $142.22 on Monday. The firm has a market cap of $6.10 billion, a P/E ratio of 13.94, a P/E/G ratio of 1.02 and a beta of 1.27. Brinker International, Inc. has a 12 month low of $100.30 and a 12 month high of $187.12. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.05. The stock has a 50-day moving average of $143.51 and a 200 day moving average of $146.64.

Brinker International (NYSE:EAT) last released its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 EPS for the quarter, topping the consensus estimate of $2.85 by $0.05. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. Brinker International had a return on equity of 123.22% and a net margin of 8.07%.The firm’s revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $2.66 earnings per share. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. As a group, research analysts forecast that Brinker International, Inc. will post 10.75 EPS for the current year.

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.