Comerica Bank Cuts Stake in Brinker International, Inc. $EAT

Comerica Bank lowered its position in shares of Brinker International, Inc. (NYSE:EAT) by 62.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,940 shares of the restaurant operator’s stock after selling 40,334 shares during the quarter. Comerica Bank’s holdings in Brinker International were worth $3,436,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Brinker International in the 3rd quarter valued at about $25,000. Salomon & Ludwin LLC purchased a new position in shares of Brinker International in the 3rd quarter valued at about $26,000. Allworth Financial LP increased its holdings in shares of Brinker International by 58.5% in the 3rd quarter. Allworth Financial LP now owns 225 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 83 shares in the last quarter. First Horizon Corp increased its holdings in shares of Brinker International by 116.0% in the 4th quarter. First Horizon Corp now owns 337 shares of the restaurant operator’s stock valued at $48,000 after purchasing an additional 181 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of Brinker International by 52.2% in the 3rd quarter. Quarry LP now owns 615 shares of the restaurant operator’s stock valued at $78,000 after purchasing an additional 211 shares in the last quarter.

Brinker International Stock Performance

NYSE:EAT opened at $147.93 on Monday. The company has a current ratio of 0.40, a quick ratio of 0.35 and a debt-to-equity ratio of 1.05. The firm has a 50-day moving average price of $145.16 and a two-hundred day moving average price of $143.99. Brinker International, Inc. has a twelve month low of $100.30 and a twelve month high of $187.12. The company has a market capitalization of $6.34 billion, a P/E ratio of 14.50, a price-to-earnings-growth ratio of 1.06 and a beta of 1.32.

Brinker International (NYSE:EAT) last posted its earnings results 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. 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 during the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the firm posted $2.66 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Brinker International has set its FY 2026 guidance at 10.60-10.850 EPS. As a group, research analysts expect that Brinker International, Inc. will post 10.72 earnings per share for the current fiscal year.

Insider Buying and Selling at Brinker International

In other Brinker International news, Director James C. Katzman sold 447 shares of the firm’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $164.19, for a total transaction of $73,392.93. Following the completion of the transaction, the director directly owned 28,994 shares in the company, valued at approximately $4,760,524.86. This trade represents a 1.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Aaron M. White sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $165.00, for a total transaction of $1,155,000.00. Following the transaction, the executive vice president owned 42,756 shares of the company’s stock, valued at $7,054,740. This trade represents a 14.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 22,878 shares of company stock valued at $3,719,784. Insiders own 1.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on EAT shares. Mizuho increased their price target on shares of Brinker International from $155.00 to $175.00 and gave the company an “outperform” rating in a report on Friday, January 9th. Jefferies Financial Group increased their price target on shares of Brinker International from $155.00 to $175.00 and gave the company a “hold” rating in a report on Thursday, January 29th. DA Davidson started coverage on shares of Brinker International in a report on Friday, March 6th. They issued a “neutral” rating and a $155.00 price target for the company. UBS Group increased their price target on shares of Brinker International from $175.00 to $190.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Finally, Weiss Ratings downgraded shares of Brinker International from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday. Fourteen equities 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $185.11.

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.