Bessemer Group Inc. Buys 10,352 Shares of Brinker International, Inc. $EAT

Key Points

• Bessemer Group Inc. increased its stake in Brinker International by 15.8% in the first quarter, buying 10,352 additional shares and bringing its total holding to 75,839 shares worth about $10.8 million.
• Analyst sentiment around Brinker remains largely positive, with firms like Stephens and Wells Fargo setting or raising price targets to $220 and maintaining overweight ratings. MarketBeat data shows a consensus rating of Moderate Buy with an average target price of $189.20.
• Brinker’s latest earnings beat expectations, reporting $2.90 EPS versus the $2.85 estimate, while revenue of $1.47 billion matched forecasts and rose 3.2% year over year. The stock was trading near its 52-week high at $189.28, close to the $192.20 peak.

Bessemer Group Inc. lifted its stake in Brinker International, Inc. (NYSE:EAT - Free Report) by 15.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,839 shares of the restaurant operator's stock after purchasing an additional 10,352 shares during the quarter. Bessemer Group Inc. owned 0.18% of Brinker International worth $10,828,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of EAT. Caitong International Asset Management Co. Ltd purchased a new stake in Brinker International during the 3rd quarter valued at about $25,000. Transamerica Financial Advisors LLC raised its holdings in Brinker International by 570.4% in the fourth quarter. Transamerica Financial Advisors LLC now owns 181 shares of the restaurant operator's stock worth $26,000 after buying an additional 154 shares during the last quarter. Allworth Financial LP raised its holdings in Brinker International by 58.5% in the third quarter. Allworth Financial LP now owns 225 shares of the restaurant operator's stock worth $28,000 after buying an additional 83 shares during the last quarter. Salomon & Ludwin LLC lifted its stake in shares of Brinker International by 45.1% in the fourth quarter. Salomon & Ludwin LLC now owns 299 shares of the restaurant operator's stock worth $45,000 after buying an additional 93 shares in the last quarter. Finally, First Horizon Corp grew its holdings in shares of Brinker International by 116.0% during the fourth quarter. First Horizon Corp now owns 337 shares of the restaurant operator's stock valued at $48,000 after buying an additional 181 shares during the last quarter.

More Brinker International News

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

• Positive Sentiment: Stephens initiated coverage on Brinker International with an overweight rating and a $220 price target, signaling meaningful upside from current levels.
• Positive Sentiment: Wells Fargo also raised its price target on Brinker International to $220 from $200 and kept an overweight rating, reinforcing the bullish analyst outlook. Benzinga report on Wells Fargo price target raise
• Positive Sentiment: KeyCorp lifted its price target to $204, adding to the cluster of positive analyst revisions for EAT.
• Positive Sentiment: Zacks highlighted Brinker as an incredible growth stock and said the company could beat earnings estimates again, which supports investor confidence ahead of the next report. Zacks growth-stock article
• Positive Sentiment: Another Zacks article noted Brinker’s strong earnings surprise history and favorable setup for another quarterly beat, which can be a catalyst for the shares. Zacks earnings beat article
• Neutral Sentiment: Coverage from market commentary on Brinker versus other consumer cyclical names helped keep the stock in focus, but it did not appear to materially change the investment thesis. The Globe and Mail analyst coverage article

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EAT. Citigroup reduced their price target on shares of Brinker International from $190.00 to $186.00 and set a "buy" rating for the company in a research report on Monday, April 13th. Barclays upped their price objective on Brinker International from $170.00 to $175.00 and gave the company an "equal weight" rating in a research report on Thursday, April 30th. KeyCorp lifted their target price on Brinker International from $177.00 to $204.00 and gave the stock an "overweight" rating in a report on Wednesday, July 15th. Morgan Stanley lifted their target price on Brinker International from $205.00 to $207.00 and gave the stock an "overweight" rating in a report on Thursday, April 30th. Finally, TD Cowen decreased their price target on Brinker International from $188.00 to $170.00 and set a "buy" rating for the company in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $189.20.

Brinker International Stock Performance

Shares of EAT stock opened at $189.28 on Monday. The company has a 50 day moving average price of $156.45 and a 200-day moving average price of $152.91. Brinker International, Inc. has a 52 week low of $100.30 and a 52 week high of $192.20. The firm has a market capitalization of $8.12 billion, a PE ratio of 18.56, a P/E/G ratio of 1.17 and a beta of 1.24. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.05.

Brinker International (NYSE:EAT - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.47 billion. Brinker International had a net margin of 8.07% and a return on equity of 123.22%. The firm's quarterly revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.66 earnings per share. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. As a group, equities research analysts expect that Brinker International, Inc. will post 10.75 earnings per share for the current year.

Brinker International Company 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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