Engineers Gate Manager LP Sells 97,460 Shares of Brinker International, Inc. $EAT

Engineers Gate Manager LP decreased its position in Brinker International, Inc. (NYSE:EAT) by 31.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 209,695 shares of the restaurant operator’s stock after selling 97,460 shares during the quarter. Engineers Gate Manager LP’s holdings in Brinker International were worth $30,095,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Cinctive Capital Management LP bought a new position in Brinker International during the 4th quarter valued at about $789,000. Balyasny Asset Management L.P. lifted its stake in Brinker International by 667.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator’s stock valued at $163,938,000 after acquiring an additional 993,435 shares during the period. Guggenheim Capital LLC lifted its stake in Brinker International by 251.4% during the 4th quarter. Guggenheim Capital LLC now owns 6,210 shares of the restaurant operator’s stock valued at $891,000 after acquiring an additional 4,443 shares during the period. Schonfeld Strategic Advisors LLC lifted its stake in Brinker International by 53.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 45,896 shares of the restaurant operator’s stock valued at $6,587,000 after acquiring an additional 15,915 shares during the period. Finally, Integrated Advisors Network LLC bought a new position in Brinker International during the 4th quarter valued at about $237,000.

Analyst Ratings Changes

Several research firms have issued reports on EAT. TD Cowen lowered their target price on shares of Brinker International from $188.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Citigroup lowered their target price on shares of Brinker International from $190.00 to $186.00 and set a “buy” rating on the stock in a research note on Monday, April 13th. Morgan Stanley upped their target price on shares of Brinker International from $205.00 to $207.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. JPMorgan Chase & Co. upped their target price on shares of Brinker International from $187.00 to $190.00 and gave the company an “overweight” rating in a research note on Monday, March 16th. Finally, KeyCorp upgraded shares of Brinker International from a “sector weight” rating to an “overweight” rating and set a $177.00 target price on the stock in a research note on Thursday, April 2nd. Fourteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $185.11.

Brinker International Price Performance

NYSE EAT opened at $158.93 on Thursday. Brinker International, Inc. has a 52 week low of $100.30 and a 52 week high of $187.12. The firm has a market capitalization of $6.82 billion, a P/E ratio of 15.58, a PEG ratio of 1.10 and a beta of 1.27. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.05. The company has a 50-day moving average price of $144.69 and a 200-day moving average price of $148.40.

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 the consensus estimate of $2.85 by $0.05. Brinker International had a net margin of 8.07% and a return on equity of 123.22%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the firm earned $2.66 EPS. The business’s revenue for the quarter 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. Equities research analysts anticipate that Brinker International, Inc. will post 10.75 earnings per share 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.