Brinker International, Inc. $EAT Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System decreased its holdings in Brinker International, Inc. (NYSE:EAT) by 3.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,493 shares of the restaurant operator’s stock after selling 3,054 shares during the quarter. California Public Employees Retirement System’s holdings in Brinker International were worth $11,349,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EAT. Vanguard Group Inc. grew its position in shares of Brinker International by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,819,397 shares of the restaurant operator’s stock worth $691,680,000 after buying an additional 73,346 shares in the last quarter. UBS Group AG increased its position in shares of Brinker International by 103.2% in the 4th quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator’s stock worth $427,066,000 after purchasing an additional 1,511,266 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Brinker International by 27.7% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,393,604 shares of the restaurant operator’s stock valued at $176,542,000 after purchasing an additional 301,912 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Brinker International by 667.5% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock worth $163,938,000 after purchasing an additional 993,435 shares during the last quarter. Finally, Capital World Investors lifted its position in shares of Brinker International by 96.5% during the fourth quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator’s stock worth $163,306,000 after purchasing an additional 558,799 shares during the last quarter.

Wall Street Analysts Forecast Growth

EAT has been the topic of several research reports. TD Cowen upped their price objective on Brinker International from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Barclays boosted their price target on Brinker International from $170.00 to $175.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Weiss Ratings upgraded Brinker International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, June 16th. Stephens assumed coverage on shares of Brinker International in a report on Friday, July 17th. They issued an “overweight” rating and a $220.00 price objective for the company. Finally, Wells Fargo & Company boosted their target price on shares of Brinker International from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Brinker International has an average rating of “Moderate Buy” and a consensus price target of $191.20.

Brinker International Stock Up 1.0%

EAT stock opened at $186.87 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.05. Brinker International, Inc. has a fifty-two week low of $100.30 and a fifty-two week high of $196.38. The firm’s 50-day simple moving average is $161.90 and its 200 day simple moving average is $154.40. The stock has a market cap of $8.01 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.24.

Brinker International (NYSE:EAT) last announced its earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.05. Brinker International had a return on equity of 123.22% and a net margin of 8.07%.The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the business earned $2.66 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. As a group, sell-side analysts predict that Brinker International, Inc. will post 10.76 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.