OP Asset Management Ltd Takes $3.36 Million Position in Brinker International, Inc. $EAT

OP Asset Management Ltd acquired a new position in shares of Brinker International, Inc. (NYSE:EAT) in the first quarter, Holdings Channel reports. The institutional investor acquired 23,526 shares of the restaurant operator’s stock, valued at approximately $3,359,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Aquatic Capital Management LLC raised its holdings in Brinker International by 48.3% during the 3rd quarter. Aquatic Capital Management LLC now owns 101,282 shares of the restaurant operator’s stock worth $12,830,000 after purchasing an additional 32,991 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Brinker International by 319.9% during the third quarter. Victory Capital Management Inc. now owns 93,499 shares of the restaurant operator’s stock worth $11,844,000 after buying an additional 71,232 shares during the period. Dynamic Technology Lab Private Ltd increased its position in shares of Brinker International by 53.8% during the third quarter. Dynamic Technology Lab Private Ltd now owns 41,823 shares of the restaurant operator’s stock worth $5,298,000 after buying an additional 14,622 shares during the period. Dimensional Fund Advisors LP raised its stake in Brinker International by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 975,039 shares of the restaurant operator’s stock worth $123,541,000 after buying an additional 18,935 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Brinker International by 579.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 296,959 shares of the restaurant operator’s stock valued at $42,620,000 after buying an additional 253,285 shares during the period.

Brinker International Price Performance

Shares of NYSE EAT opened at $171.69 on Friday. Brinker International, Inc. has a fifty-two week low of $100.30 and a fifty-two week high of $187.12. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 1.23 and a beta of 1.27. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.35 and a current ratio of 0.40. The firm’s 50-day simple moving average is $146.50 and its 200 day simple moving average is $149.41.

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

Analysts Set New Price Targets

A number of analysts have commented on EAT shares. KeyCorp raised shares of Brinker International from a “sector weight” rating to an “overweight” rating and set a $177.00 price target on the stock in a research report on Thursday, April 2nd. Wolfe Research initiated coverage on Brinker International in a research note on Monday, March 9th. They issued an “outperform” rating and a $184.00 price objective on the stock. Morgan Stanley upped their target price on Brinker International from $205.00 to $207.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Barclays raised their target price on Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Finally, Citigroup lowered their target price on Brinker International from $190.00 to $186.00 and set a “buy” rating for the company in a report on Monday, April 13th. Fourteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Brinker International currently has a consensus rating of “Moderate Buy” and a consensus target price of $185.11.

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.