ANTIPODES PARTNERS Ltd Has $79.42 Million Stock Position in Brinker International, Inc. $EAT

Key Points

• ANTIPODES PARTNERS Ltd reduced its Brinker International stake by 19.5% in the second quarter, selling 114,231 shares but retaining 472,737 shares valued at approximately $79.42 million.
• Brinker reported quarterly revenue of $1.54 billion, ahead of estimates, while EPS of $3.07 narrowly missed consensus. Revenue increased 5.1% year over year, and fiscal 2027 EPS guidance was set at $12.60–$13.40.
• Analysts raised several price targets following strong Chili’s performance, with targets reaching as high as $310; however, valuation concerns, cost pressures and a recent 28.7% monthly share-price rally prompted at least one downgrade to Neutral.

ANTIPODES PARTNERS Ltd lessened its stake in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 19.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 472,737 shares of the restaurant operator's stock after selling 114,231 shares during the quarter. ANTIPODES PARTNERS Ltd owned about 1.10% of Brinker International worth $79,420,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Swedbank AB bought a new stake in Brinker International during the first quarter worth $3,855,000. Hsbc Holdings PLC raised its holdings in shares of Brinker International by 155.9% in the fourth quarter. Hsbc Holdings PLC now owns 33,416 shares of the restaurant operator's stock valued at $4,803,000 after purchasing an additional 20,356 shares during the last quarter. Integrated Advisors Network LLC lifted its position in shares of Brinker International by 357.3% during the first quarter. Integrated Advisors Network LLC now owns 7,550 shares of the restaurant operator's stock valued at $1,078,000 after purchasing an additional 5,899 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Brinker International by 37.7% during the first quarter. Bank of America Corp DE now owns 242,648 shares of the restaurant operator's stock valued at $34,643,000 after purchasing an additional 66,383 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Brinker International by 78.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 143,484 shares of the restaurant operator's stock worth $20,568,000 after purchasing an additional 62,878 shares during the last quarter.

Brinker International Stock Performance

Shares of EAT stock opened at $237.42 on Friday. The firm has a market cap of $10.18 billion, a price-to-earnings ratio of 21.80, a P/E/G ratio of 1.33 and a beta of 1.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.35 and a current ratio of 0.45. Brinker International, Inc. has a 52 week low of $100.30 and a 52 week high of $253.71. The firm's 50-day simple moving average is $186.95 and its two-hundred day simple moving average is $160.73.

Brinker International (NYSE:EAT - Get Free Report) last released its earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). Brinker International had a net margin of 8.39% and a return on equity of 122.35%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the prior year, the company earned $2.30 earnings per share. The firm's revenue was up 5.1% on a year-over-year basis. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. As a group, equities analysts forecast that Brinker International, Inc. will post 13.19 earnings per share for the current year.

Key Headlines Impacting Brinker International

Here are the key news stories impacting Brinker International this week:

• Positive Sentiment: Fiscal fourth-quarter results were broadly encouraging: revenue exceeded expectations, EPS increased 23.3% year over year, and Chili’s delivered strong sales and traffic growth with expanding margins. However, reported EPS was slightly below consensus in the company’s earnings release. Brinker Q4 Earnings Meet Estimates, Revenues Beat on Chili's Growth
• Positive Sentiment: Management’s fiscal 2027 outlook calls for $12.60-$13.40 in EPS, supported in part by an extra 53rd operating week. Continued Chili’s traffic gains, restaurant reimages and cost control will determine whether the company can meet or exceed that guidance. EAT's Fiscal 2027 Guidance Gets a Boost From the 53rd Operating Week
• Positive Sentiment: Several firms raised their price targets following the results, including Bank of America to $310 with a Buy rating, Stephens to $300, Citi to $282, Wells Fargo to $280 and KeyCorp to $275. These revisions reflect increased confidence in Chili’s execution and earnings growth.
• Neutral Sentiment: Brinker’s stock has risen 28.7% over the past month and reached a new 52-week high, raising expectations. Investors may now require continued traffic growth, margin delivery and guidance execution for further upside. EAT Jumps 28.7% in a Month
• Negative Sentiment: Northcoast Research downgraded EAT from Buy to Neutral, signaling that the recent rally may have priced in much of the expected improvement.
• Negative Sentiment: Analysts continue to flag elevated valuation, inflation and labor-cost risks, while Maggiano’s slower turnaround could limit consolidated growth. These concerns are contributing to profit-taking despite the favorable operating trends. Is EAT a Buy Now as Chili's Growth Meets Cost and Valuation Risks?

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup upped their price objective on shares of Brinker International from $227.00 to $282.00 and gave the stock a "buy" rating in a research report on Thursday. Wells Fargo & Company lifted their target price on shares of Brinker International from $220.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday. BMO Capital Markets boosted their target price on Brinker International from $175.00 to $230.00 and gave the stock a "market perform" rating in a research note on Thursday. DA Davidson upped their target price on Brinker International from $160.00 to $260.00 and gave the company a "neutral" rating in a report on Thursday. Finally, Morgan Stanley increased their price target on Brinker International from $207.00 to $250.00 and gave the company an "overweight" rating in a research report on Thursday. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $234.35.

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.

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