Engineers Gate Manager LP Trims Stock Position in Brinker International, Inc. $EAT

Engineers Gate Manager LP reduced its stake in shares of Brinker International, Inc. (NYSE:EAT) by 31.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 209,695 shares of the restaurant operator’s stock after selling 97,460 shares during the quarter. Engineers Gate Manager LP owned approximately 0.48% of Brinker International worth $30,095,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in Brinker International during the 3rd quarter valued at $25,000. Transamerica Financial Advisors LLC increased its position in Brinker International by 570.4% during the 4th quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 154 shares during the period. Allworth Financial LP increased its position in Brinker International by 58.5% during the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 83 shares during the period. Salomon & Ludwin LLC increased its position in Brinker International by 45.1% during the 4th quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock valued at $45,000 after purchasing an additional 93 shares during the period. Finally, First Horizon Corp increased its position in Brinker International by 116.0% during the 4th quarter. First Horizon Corp now owns 337 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 181 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EAT. Zacks Research downgraded shares of Brinker International from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 23rd. Weiss Ratings upgraded shares of Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. DA Davidson initiated coverage on shares of Brinker International in a report on Friday, March 6th. They set a “neutral” rating and a $155.00 target price on the stock. JPMorgan Chase & Co. boosted their target price on shares of Brinker International from $187.00 to $190.00 and gave the company an “overweight” rating in a report on Monday, March 16th. Finally, Wolfe Research initiated coverage on shares of Brinker International in a report on Monday, March 9th. They set an “outperform” rating and a $184.00 target price on the stock. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $185.11.

Brinker International Stock Performance

Shares of EAT stock opened at $158.93 on Thursday. Brinker International, Inc. has a 12 month low of $100.30 and a 12 month high of $187.12. The stock has a market cap of $6.82 billion, a PE ratio of 15.58, a price-to-earnings-growth ratio of 1.10 and a beta of 1.27. 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 company’s fifty day moving average price is $144.69 and its 200-day moving average price is $148.40.

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