Brinker International, Inc. $EAT Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System reduced its stake in shares of Brinker International, Inc. (NYSE:EAT) by 3.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 79,493 shares of the restaurant operator’s stock after selling 3,054 shares during the quarter. California Public Employees Retirement System owned 0.19% of Brinker International worth $11,349,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC raised its stake in shares of Brinker International by 1,118.9% during the 1st quarter. NewEdge Advisors LLC now owns 1,158 shares of the restaurant operator’s stock worth $173,000 after buying an additional 1,063 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Brinker International by 271.1% during the 2nd 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 last quarter. First Trust Advisors LP lifted its stake in Brinker International by 1.9% in the 2nd quarter. First Trust Advisors LP now owns 52,249 shares of the restaurant operator’s stock valued at $9,422,000 after buying an additional 978 shares in the last quarter. Baird Financial Group Inc. purchased a new stake in Brinker International in the 2nd quarter valued at approximately $3,222,000. Finally, Brown Advisory Inc. grew its holdings in Brinker International by 33.0% during 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 last quarter.

Brinker International Stock Performance

Brinker International stock opened at $186.87 on Friday. The company has a market cap of $8.01 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 1.10 and a beta of 1.24. Brinker International, Inc. has a 12 month low of $100.30 and a 12 month high of $196.38. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.40 and a quick ratio of 0.35. The stock’s 50-day moving average is $161.90 and its 200-day moving average is $154.40.

Brinker International (NYSE:EAT) last issued its earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.05. Brinker International had a net margin of 8.07% and a return on equity of 123.22%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the firm posted $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 analysts anticipate that Brinker International, Inc. will post 10.76 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EAT shares. Barclays boosted their price target on Brinker International from $170.00 to $175.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. KeyCorp boosted their target price on shares of Brinker International from $177.00 to $204.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Wells Fargo & Company lifted their price target on shares of Brinker International from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Stephens initiated coverage on shares of Brinker International in a research note on Friday, July 17th. They set an “overweight” rating and a $220.00 price objective on the stock. Finally, Morgan Stanley lifted their target price on shares of Brinker International from $205.00 to $207.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $191.20.

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.