Westfield Capital Management Co. LP Has $222.99 Million Holdings in Brinker International, Inc. $EAT

Westfield Capital Management Co. LP grew its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 24.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 1,236,583 shares of the restaurant operator’s stock after purchasing an additional 240,870 shares during the quarter. Brinker International accounts for approximately 0.9% of Westfield Capital Management Co. LP’s investment portfolio, making the stock its 21st biggest holding. Westfield Capital Management Co. LP’s holdings in Brinker International were worth $222,993,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Allworth Financial LP boosted its stake in Brinker International by 105.8% during the second quarter. Allworth Financial LP now owns 142 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 73 shares in the last quarter. GPS Wealth Strategies Group LLC raised its holdings in shares of Brinker International by 52.1% during the second quarter. GPS Wealth Strategies Group LLC now owns 219 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 75 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Brinker International by 5.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 1,462 shares of the restaurant operator’s stock worth $264,000 after purchasing an additional 81 shares in the last quarter. Maryland State Retirement & Pension System boosted its position in shares of Brinker International by 0.7% during the 2nd quarter. Maryland State Retirement & Pension System now owns 13,043 shares of the restaurant operator’s stock worth $2,352,000 after purchasing an additional 85 shares in the last quarter. Finally, Yousif Capital Management LLC grew its stake in shares of Brinker International by 0.7% in the 2nd quarter. Yousif Capital Management LLC now owns 12,097 shares of the restaurant operator’s stock valued at $2,181,000 after buying an additional 85 shares during the period.

Insider Activity

In other Brinker International news, COO Douglas N. Comings sold 16,000 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $156.48, for a total transaction of $2,503,680.00. Following the transaction, the chief operating officer directly owned 12,951 shares in the company, valued at $2,026,572.48. This trade represents a 55.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin Hochman sold 44,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $157.82, for a total value of $6,944,080.00. Following the transaction, the chief executive officer owned 212,867 shares in the company, valued at approximately $33,594,669.94. The trade was a 17.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.43% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EAT has been the topic of a number of recent research reports. Morgan Stanley cut their target price on Brinker International from $161.00 to $160.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 22nd. Stifel Nicolaus decreased their price target on Brinker International from $215.00 to $200.00 and set a “buy” rating for the company in a report on Friday, October 24th. Weiss Ratings restated a “buy (b-)” rating on shares of Brinker International in a research note on Thursday, October 30th. Evercore ISI upgraded shares of Brinker International from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $190.00 to $210.00 in a research note on Thursday, September 4th. Finally, Mizuho began coverage on shares of Brinker International in a report on Tuesday, October 28th. They issued an “outperform” rating and a $155.00 target price for the company. Ten equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $165.67.

Brinker International Stock Performance

Shares of EAT stock opened at $128.20 on Thursday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.25 and a current ratio of 0.35. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 0.77 and a beta of 1.38. The firm’s 50-day simple moving average is $125.89 and its two-hundred day simple moving average is $149.33. Brinker International, Inc. has a 52 week low of $100.30 and a 52 week high of $192.21.

Brinker International (NYSE:EAT) last announced its quarterly earnings data on Wednesday, October 29th. The restaurant operator reported $1.93 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.17. Brinker International had a return on equity of 164.66% and a net margin of 7.94%.The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the company earned $0.95 earnings per share. Brinker International’s revenue was up 18.5% compared to the same quarter last year. Brinker International has set its FY 2026 guidance at 9.900-10.50 EPS. As a group, equities analysts forecast that Brinker International, Inc. will post 8.3 earnings per share for the current year.

About Brinker International

Brinker International, Inc, together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. It operates and franchises Chili's Grill & Bar and Maggiano's Little Italy restaurant brands.