Meeder Asset Management Inc. Reduces Holdings in Brinker International, Inc. $EAT

Meeder Asset Management Inc. lowered its stake in shares of Brinker International, Inc. (NYSE:EAT) by 72.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 5,945 shares of the restaurant operator’s stock after selling 15,471 shares during the quarter. Meeder Asset Management Inc.’s holdings in Brinker International were worth $849,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of EAT. Swiss National Bank grew its position in Brinker International by 0.3% during the 1st quarter. Swiss National Bank now owns 87,900 shares of the restaurant operator’s stock worth $12,549,000 after purchasing an additional 300 shares during the last quarter. World Equity Group Inc. acquired a new stake in shares of Brinker International during the first quarter worth $449,000. Gallacher Capital Management LLC purchased a new stake in shares of Brinker International during the first quarter valued at $216,000. Bessemer Group Inc. grew its holdings in shares of Brinker International by 15.8% during the first quarter. Bessemer Group Inc. now owns 75,839 shares of the restaurant operator’s stock valued at $10,828,000 after buying an additional 10,352 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Brinker International by 78.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 143,484 shares of the restaurant operator’s stock valued at $20,568,000 after buying an additional 62,878 shares during the last quarter.

Wall Street Analyst Weigh In

EAT has been the subject of a number of research analyst reports. KeyCorp raised their target price on Brinker International from $177.00 to $204.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Wells Fargo & Company boosted their price target on Brinker International from $200.00 to $220.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Stephens initiated coverage on Brinker International in a report on Friday. They issued an “overweight” rating and a $220.00 price objective on the stock. TD Cowen increased their price objective on Brinker International from $170.00 to $210.00 and gave the company a “buy” rating in a report on Monday. Finally, Zacks Research cut Brinker International from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $191.20.

Brinker International Price Performance

Shares of Brinker International stock opened at $195.46 on Tuesday. The firm has a market cap of $8.38 billion, a PE ratio of 19.16, a P/E/G ratio of 1.17 and a beta of 1.24. Brinker International, Inc. has a twelve month low of $100.30 and a twelve month high of $196.39. 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 business has a 50-day moving average price of $157.57 and a 200 day moving average price of $153.28.

Brinker International (NYSE:EAT) last issued its quarterly earnings results on Wednesday, April 29th. The restaurant operator reported $2.90 earnings per share (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 for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the business posted $2.66 earnings per share. Brinker International’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. Sell-side analysts predict that Brinker International, Inc. will post 10.75 earnings per share for the current fiscal 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.