Manatuck Hill Partners LLC Invests $861,000 in Brinker International, Inc. $EAT

Manatuck Hill Partners LLC acquired a new position in shares of Brinker International, Inc. (NYSE:EAT) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 6,000 shares of the restaurant operator’s stock, valued at approximately $861,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in EAT. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Brinker International during the 3rd quarter worth approximately $25,000. Transamerica Financial Advisors LLC raised its holdings in shares of Brinker International by 570.4% during the 4th quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 154 shares during the period. Allworth Financial LP raised its holdings in shares of Brinker International by 58.5% during the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 83 shares during the period. Salomon & Ludwin LLC raised its holdings in shares of Brinker International by 45.1% during the 4th quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator’s stock worth $45,000 after acquiring an additional 93 shares during the period. Finally, First Horizon Corp raised its holdings in shares of Brinker International by 116.0% during the 4th quarter. First Horizon Corp now owns 337 shares of the restaurant operator’s stock worth $48,000 after acquiring an additional 181 shares during the period.

Brinker International Stock Up 3.5%

Shares of NYSE:EAT opened at $158.93 on Thursday. The business has a 50-day moving average price of $144.69 and a 200 day moving average price of $148.40. 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 company has a market capitalization of $6.82 billion, a price-to-earnings ratio of 15.58, a PEG ratio of 1.10 and a beta of 1.27. Brinker International, Inc. has a 12-month low of $100.30 and a 12-month high of $187.12.

Brinker International (NYSE:EAT) last released 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. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.47 billion. Brinker International had a return on equity of 123.22% and a net margin of 8.07%.Brinker International’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.66 EPS. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. Sell-side analysts expect that Brinker International, Inc. will post 10.75 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EAT shares. Morgan Stanley lifted their price target on Brinker International from $205.00 to $207.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. KeyCorp upgraded Brinker International from a “sector weight” rating to an “overweight” rating and set a $177.00 price target on the stock in a report on Thursday, April 2nd. DA Davidson started coverage on Brinker International in a report on Friday, March 6th. They set a “neutral” rating and a $155.00 price target on the stock. TD Cowen reduced their price target on Brinker International from $188.00 to $170.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. raised their price objective on Brinker International from $187.00 to $190.00 and gave the stock an “overweight” rating in a research report on Monday, March 16th. Fourteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $185.11.

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.