State Street Corp Has $293.79 Million Position in Brinker International, Inc. $EAT

Key Points

• State Street increased its Brinker International stake by 3.5% in the second quarter, owning 1.75 million shares valued at approximately $293.8 million, or 4.19% of the company. Several other institutional investors also raised their positions or initiated new stakes.
• Analyst sentiment is broadly positive: Brinker has a “Moderate Buy” consensus rating, with 18 of 24 analysts assigning Strong Buy or Buy ratings and an average price target of $243.38.
• Brinker reported quarterly revenue growth of 5.1% to $1.54 billion, though EPS of $3.07 narrowly missed estimates. The stock opened at $210.83, while insiders sold 173,694 shares worth approximately $41.6 million over the past 90 days.

State Street Corp lifted its holdings in Brinker International, Inc. (NYSE:EAT - Free Report) by 3.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,748,760 shares of the restaurant operator's stock after purchasing an additional 59,120 shares during the period. State Street Corp owned 4.19% of Brinker International worth $293,786,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in EAT. The Manufacturers Life Insurance Company raised its stake in shares of Brinker International by 13.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,550 shares of the restaurant operator's stock valued at $3,620,000 after buying an additional 2,489 shares in the last quarter. Tidal Investments LLC boosted its holdings in Brinker International by 24.1% during the second quarter. Tidal Investments LLC now owns 8,897 shares of the restaurant operator's stock worth $1,495,000 after buying an additional 1,726 shares during the last quarter. WINTON GROUP Ltd raised its holdings in Brinker International by 318.2% in the second quarter. WINTON GROUP Ltd now owns 28,047 shares of the restaurant operator's stock worth $4,712,000 after purchasing an additional 21,340 shares during the period. Integrated Wealth Concepts LLC acquired a new position in Brinker International in the second quarter valued at about $145,000. Finally, Empirical Finance LLC bought a new stake in Brinker International during the 2nd quarter worth approximately $687,000.

Key Stories Impacting Brinker International

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

• Positive Sentiment: Northcoast Research upgraded Brinker International to “buy” from “neutral,” citing a more favorable outlook and assigning a $275 price target. The upgrade helped drive investor interest in the Chili’s parent. Brinker International stock gains after Northcoast upgrades it
• Positive Sentiment: Brinker is being highlighted as a growth-at-a-reasonable-price stock, suggesting that analysts see a combination of earnings growth prospects and comparatively attractive valuation. Add These 4 GARP Stocks to Your Portfolio to Receive Handsome Returns
• Positive Sentiment: Investor searches and coverage have increased, reflecting heightened attention to Brinker’s operating performance and prospects. Its Chili’s business momentum is a central part of the bullish argument. Investors Heavily Search Brinker International
• Neutral Sentiment: Year-to-date performance is being compared with Global-e Online and the broader retail-wholesale group. The article provides context on relative performance but does not identify a new fundamental catalyst for EAT. Are Retail-Wholesale Stocks Lagging Brinker International
• Neutral Sentiment: A comparison with Cheesecake Factory frames Brinker’s Chili’s momentum as an alternative restaurant-growth strategy, rather than announcing a change in EAT’s outlook. EAT vs. CAKE: Which Restaurant Stock Is the Better Buy Now?
• Negative Sentiment: One linked report concerns Texas Roadhouse and rising beef costs, not Brinker International. It therefore does not represent a direct negative development for EAT, although food-cost inflation remains a sector risk. Despite Record Sales, Texas Roadhouse Has Beef With Beef Costs

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on EAT shares. TD Cowen reaffirmed a "buy" rating and set a $270.00 price objective on shares of Brinker International in a research report on Friday, September 18th. Weiss Ratings upgraded shares of Brinker International from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, September 11th. Seaport Research Partners started coverage on Brinker International in a report on Wednesday, September 16th. They set a "buy" rating and a $230.00 target price on the stock. UBS Group increased their price target on Brinker International from $190.00 to $260.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Finally, Citigroup raised their price target on Brinker International from $227.00 to $282.00 and gave the company a "buy" rating in a report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, Brinker International has a consensus rating of "Moderate Buy" and an average target price of $243.38.

Brinker International Price Performance

Shares of Brinker International stock opened at $210.83 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.45 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.07 and a beta of 1.25. Brinker International, Inc. has a twelve month low of $100.30 and a twelve month high of $254.99. The company has a 50-day simple moving average of $218.49 and a two-hundred day simple moving average of $174.47.

Brinker International (NYSE:EAT - Get Free Report) last announced its earnings results on Wednesday, August 12th. The restaurant operator reported $3.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.09 by ($0.02). Brinker International had a return on equity of 122.35% and a net margin of 8.39%.The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the company earned $2.30 EPS. The business's revenue for the quarter was up 5.1% on a year-over-year basis. Brinker International has set its FY 2027 guidance at 12.600-13.400 EPS. Analysts forecast that Brinker International, Inc. will post 13.18 EPS for the current year.

Insider Buying and Selling at Brinker International

In other news, EVP Michaela M. Ware sold 3,030 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $233.48, for a total transaction of $707,444.40. Following the sale, the executive vice president directly owned 17,494 shares of the company's stock, valued at approximately $4,084,499.12. This represents a 14.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James C. Katzman sold 650 shares of the firm's stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $220.09, for a total value of $143,058.50. Following the completion of the transaction, the director owned 25,094 shares in the company, valued at $5,522,938.46. The trade was a 2.52% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 173,694 shares of company stock valued at $41,568,690 over the last ninety days. 1.43% of the stock is owned by corporate insiders.

Brinker International Profile

Brinker International, Inc is a Dallas-based restaurant company that owns, operates and franchises casual dining restaurants. Its portfolio includes Chili's Grill & Bar, a full-service restaurant brand known for burgers, fajitas, ribs, steaks, Tex-Mex dishes and a broad beverage menu, and Maggiano's Little Italy, which specializes in Italian-American cuisine and family-style dining.

Chili's restaurants serve a wide range of lunch and dinner offerings in a casual, bar-and-grill setting, while Maggiano's locations offer traditional Italian dishes, including pasta, chicken, seafood and desserts.

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