Brinker International, Inc. $EAT Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its holdings in shares of Brinker International, Inc. (NYSE:EAT - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 273,777 shares of the restaurant operator's stock after selling 20,622 shares during the quarter. Bank of New York Mellon Corp owned 0.64% of Brinker International worth $39,087,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in EAT. NewEdge Advisors LLC increased its stake in shares of Brinker International by 1,118.9% in the first 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 boosted its stake in Brinker International by 271.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 846 shares of the restaurant operator's stock valued at $153,000 after acquiring an additional 618 shares during the last quarter. First Trust Advisors LP boosted its stake in Brinker International by 1.9% during the 2nd quarter. First Trust Advisors LP now owns 52,249 shares of the restaurant operator's stock valued at $9,422,000 after acquiring an additional 978 shares during the last quarter. Baird Financial Group Inc. acquired a new position in Brinker International during the 2nd quarter worth $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 worth $323,000 after acquiring an additional 444 shares in the last quarter.

Brinker International Trading Up 1.0%

NYSE EAT opened at $186.87 on Friday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.35 and a current ratio of 0.40. Brinker International, Inc. has a one year low of $100.30 and a one year high of $196.38. The company has a 50-day simple moving average of $161.90 and a 200-day simple moving average of $154.40. The firm has a market capitalization of $8.01 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 1.11 and a beta of 1.24.

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, topping 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 for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the business earned $2.66 earnings per share. Brinker International's quarterly revenue was up 3.2% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. On average, equities analysts forecast that Brinker International, Inc. will post 10.76 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on EAT. Wells Fargo & Company boosted their target price on shares of Brinker International from $200.00 to $220.00 and gave the stock an "overweight" rating in a research report on Thursday, July 16th. Stephens began coverage on Brinker International in a research note on Friday, July 17th. They issued an "overweight" rating and a $220.00 price target for the company. Morgan Stanley boosted their price objective on Brinker International from $205.00 to $207.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. 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 note on Thursday, April 30th. Finally, TD Cowen upped their price objective on Brinker International from $170.00 to $210.00 and gave the company a "buy" rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, Brinker International currently 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.

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