Renaissance Technologies LLC Has $131.66 Million Stock Holdings in Brinker International, Inc. $EAT

Renaissance Technologies LLC decreased its holdings in shares of Brinker International, Inc. (NYSE:EAT) by 18.1% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 922,165 shares of the restaurant operator’s stock after selling 203,900 shares during the quarter. Renaissance Technologies LLC’s holdings in Brinker International were worth $131,657,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of EAT. NewEdge Advisors LLC grew its stake in Brinker International by 1,118.9% during the 1st quarter. NewEdge Advisors LLC now owns 1,158 shares of the restaurant operator’s stock valued at $173,000 after acquiring an additional 1,063 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Brinker International by 271.1% during the second quarter. EverSource Wealth Advisors LLC now owns 846 shares of the restaurant operator’s stock worth $153,000 after purchasing an additional 618 shares during the period. First Trust Advisors LP grew its position in Brinker International by 1.9% during the second quarter. First Trust Advisors LP now owns 52,249 shares of the restaurant operator’s stock valued at $9,422,000 after purchasing an additional 978 shares in the last quarter. Baird Financial Group Inc. purchased a new position in Brinker International during the second quarter valued at approximately $3,222,000. Finally, Brown Advisory Inc. increased its stake in Brinker International by 33.0% in the 2nd quarter. Brown Advisory Inc. now owns 1,789 shares of the restaurant operator’s stock valued at $323,000 after buying an additional 444 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have issued reports on EAT shares. Wells Fargo & Company lifted 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. Barclays increased their price objective on Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. TD Cowen boosted their target price on Brinker International from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 20th. KeyCorp upped their target price on Brinker International from $177.00 to $204.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Finally, Citigroup cut their price target on Brinker International from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Brinker International has an average rating of “Moderate Buy” and an average price target of $191.20.

Brinker International Trading Up 1.0%

Shares of NYSE:EAT opened at $186.87 on Friday. 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 stock has a market capitalization of $8.01 billion, a PE ratio of 18.32, a P/E/G ratio of 1.10 and a beta of 1.24. Brinker International, Inc. has a 1 year low of $100.30 and a 1 year high of $196.38. The firm has a fifty day moving average price of $161.90 and a 200 day moving average price of $154.40.

Brinker International (NYSE:EAT) last posted 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 company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same period last year, the company earned $2.66 earnings per share. The business’s 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. Analysts expect that Brinker International, Inc. will post 10.76 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.