Intech Investment Management LLC Has $8.22 Million Position in Brinker International, Inc. $EAT

Intech Investment Management LLC grew its position in shares of Brinker International, Inc. (NYSE:EAT) by 105.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,865 shares of the restaurant operator’s stock after purchasing an additional 33,292 shares during the quarter. Intech Investment Management LLC owned approximately 0.15% of Brinker International worth $8,217,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Meeder Asset Management Inc. lifted its position in shares of Brinker International by 56.3% in the 3rd quarter. Meeder Asset Management Inc. now owns 22,580 shares of the restaurant operator’s stock worth $2,860,000 after purchasing an additional 8,137 shares during the period. Seeds Investor LLC acquired a new stake in shares of Brinker International during the second quarter worth $414,000. Alberta Investment Management Corp bought a new position in Brinker International during the second quarter worth $4,112,000. Y Intercept Hong Kong Ltd lifted its holdings in Brinker International by 87.7% in the third quarter. Y Intercept Hong Kong Ltd now owns 23,023 shares of the restaurant operator’s stock valued at $2,917,000 after buying an additional 10,754 shares during the period. Finally, Navellier & Associates Inc. boosted its position in Brinker International by 25.6% during the third quarter. Navellier & Associates Inc. now owns 18,491 shares of the restaurant operator’s stock valued at $2,342,000 after acquiring an additional 3,771 shares during the last quarter.

Insider Activity

In other news, Director Harriet Edelman sold 8,400 shares of Brinker International stock in a transaction dated Thursday, January 29th. The shares were sold at an average price of $159.00, for a total transaction of $1,335,600.00. Following the completion of the transaction, the director directly owned 21,004 shares in the company, valued at $3,339,636. This trade represents a 28.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Aaron M. White sold 7,000 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $165.00, for a total transaction of $1,155,000.00. Following the completion of the sale, the executive vice president owned 42,756 shares in the company, valued at $7,054,740. This represents a 14.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 97,678 shares of company stock valued at $15,700,372. 1.43% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EAT. Weiss Ratings raised Brinker International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, February 4th. Mizuho upped their target price on Brinker International from $155.00 to $175.00 and gave the company an “outperform” rating in a research report on Friday, January 9th. UBS Group lifted their target price on Brinker International from $175.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Wall Street Zen lowered Brinker International from a “buy” rating to a “hold” rating in a research note on Saturday, January 31st. Finally, Zacks Research upgraded Brinker International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $188.56.

Brinker International Stock Down 2.5%

Shares of NYSE:EAT opened at $147.89 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.31 and a current ratio of 0.36. Brinker International, Inc. has a 52-week low of $100.30 and a 52-week high of $187.12. The business’s 50 day simple moving average is $156.45 and its two-hundred day simple moving average is $143.92. The firm has a market cap of $6.44 billion, a P/E ratio of 14.95, a PEG ratio of 1.07 and a beta of 1.35.

Brinker International (NYSE:EAT) last issued its earnings results on Wednesday, January 28th. The restaurant operator reported $2.87 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.34. Brinker International had a return on equity of 134.92% and a net margin of 7.98%.The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period in the prior year, the firm earned $2.80 earnings per share. Brinker International’s revenue for the quarter was up 6.9% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 1.045-10.850 EPS. As a group, research analysts forecast that Brinker International, Inc. will post 8.3 EPS for the current fiscal year.

Brinker International 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.