Night Squared LP Purchases Shares of 46,298 Brinker International, Inc. $EAT

Night Squared LP purchased a new stake in shares of Brinker International, Inc. (NYSE:EAT) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 46,298 shares of the restaurant operator’s stock, valued at approximately $6,645,000. Brinker International comprises 1.9% of Night Squared LP’s portfolio, making the stock its 25th largest position. Night Squared LP owned about 0.11% of Brinker International at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aquatic Capital Management LLC grew its position in Brinker International by 48.3% during the third quarter. Aquatic Capital Management LLC now owns 101,282 shares of the restaurant operator’s stock valued at $12,830,000 after acquiring an additional 32,991 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its position in Brinker International by 53.8% during the third quarter. Dynamic Technology Lab Private Ltd now owns 41,823 shares of the restaurant operator’s stock valued at $5,298,000 after acquiring an additional 14,622 shares during the last quarter. Victory Capital Management Inc. grew its position in Brinker International by 319.9% during the third quarter. Victory Capital Management Inc. now owns 93,499 shares of the restaurant operator’s stock valued at $11,844,000 after acquiring an additional 71,232 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Brinker International by 2.0% during the third quarter. Dimensional Fund Advisors LP now owns 975,039 shares of the restaurant operator’s stock valued at $123,541,000 after acquiring an additional 18,935 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Brinker International by 579.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 296,959 shares of the restaurant operator’s stock valued at $42,620,000 after acquiring an additional 253,285 shares during the last quarter.

Analyst Ratings Changes

EAT has been the subject of a number of analyst reports. Wolfe Research initiated coverage on Brinker International in a research note on Monday, March 9th. They set an “outperform” rating and a $184.00 price objective for the company. Barclays increased 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. Citigroup dropped their price objective on Brinker International from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Zacks Research lowered Brinker International from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. Finally, KeyCorp raised Brinker International from a “sector weight” rating to an “overweight” rating and set a $177.00 price objective for the company in a research note on Thursday, April 2nd. Fourteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, Brinker International presently has an average rating of “Moderate Buy” and a consensus price target of $185.11.

Brinker International Stock Performance

NYSE:EAT opened at $153.78 on Wednesday. The firm has a market cap of $6.60 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.12 and a beta of 1.27. Brinker International, Inc. has a fifty-two week low of $100.30 and a fifty-two week high of $187.12. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.35 and a current ratio of 0.40. The business has a 50 day moving average price of $144.51 and a 200-day moving average price of $148.35.

Brinker International (NYSE:EAT) last announced its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 EPS for the quarter, topping analysts’ consensus estimates of $2.85 by $0.05. Brinker International had a return on equity of 123.22% and a net margin of 8.07%.The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.47 billion. During the same quarter last year, the firm posted $2.66 earnings per share. The firm’s 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. Equities research analysts predict that Brinker International, Inc. will post 10.75 earnings per share for the current year.

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.