Janus Henderson Group PLC Purchases 10,826 Shares of Brinker International, Inc. $EAT

Key Points

• Janus Henderson increased its Brinker International position by 55.4% in the first quarter, acquiring 10,826 shares for a total holding of 30,366 shares valued at approximately $4.34 million.
• Several other major institutions also expanded their stakes, including UBS Group, Balyasny Asset Management, Capital World Investors, Arrowstreet Capital and Vanguard.
• Brinker shares opened at $227.14, near their 52-week high of $229.99. Analysts maintain a “Moderate Buy” consensus, with an average price target of $193.25.

Janus Henderson Group PLC lifted its position in Brinker International, Inc. (NYSE:EAT - Free Report) by 55.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,366 shares of the restaurant operator's stock after buying an additional 10,826 shares during the period. Janus Henderson Group PLC owned approximately 0.07% of Brinker International worth $4,337,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Brinker International by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,819,397 shares of the restaurant operator's stock valued at $691,680,000 after purchasing an additional 73,346 shares during the last quarter. UBS Group AG grew its stake in Brinker International by 103.2% during the 4th quarter. UBS Group AG now owns 2,975,655 shares of the restaurant operator's stock worth $427,066,000 after buying an additional 1,511,266 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Brinker International by 27.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,393,604 shares of the restaurant operator's stock valued at $176,542,000 after buying an additional 301,912 shares in the last quarter. Balyasny Asset Management L.P. increased its position in Brinker International by 667.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,142,263 shares of the restaurant operator's stock valued at $163,938,000 after buying an additional 993,435 shares in the last quarter. Finally, Capital World Investors raised its stake in Brinker International by 96.5% in the fourth quarter. Capital World Investors now owns 1,137,863 shares of the restaurant operator's stock valued at $163,306,000 after buying an additional 558,799 shares during the last quarter.

Brinker International Price Performance

Shares of NYSE EAT opened at $227.14 on Friday. Brinker International, Inc. has a 52 week low of $100.30 and a 52 week high of $229.99. The business's 50 day moving average price is $175.87 and its 200 day moving average price is $157.70. The company has a quick ratio of 0.35, a current ratio of 0.40 and a debt-to-equity ratio of 1.05. The firm has a market cap of $9.74 billion, a P/E ratio of 22.27, a P/E/G ratio of 1.34 and a beta of 1.24.

Analysts Set New Price Targets

EAT has been the topic of a number of research analyst reports. Morgan Stanley boosted their price target on Brinker International from $205.00 to $207.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Barclays increased their price objective on shares of Brinker International from $170.00 to $175.00 and gave the company an "equal weight" rating in a research report on Thursday, April 30th. Stephens assumed coverage on shares of Brinker International in a research report on Friday, July 17th. They set an "overweight" rating and a $220.00 target price on the stock. Citigroup upped their price target on shares of Brinker International from $189.00 to $227.00 and gave the company a "buy" rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings raised shares of Brinker International from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, June 16th. 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $193.25.

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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