Edgestream Partners L.P. Makes New $885,000 Investment in Brinker International, Inc. $EAT

Edgestream Partners L.P. acquired a new stake in Brinker International, Inc. (NYSE:EAT) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 6,196 shares of the restaurant operator’s stock, valued at approximately $885,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Janus Henderson Group PLC lifted its stake in shares of Brinker International by 55.4% during the 1st quarter. Janus Henderson Group PLC now owns 30,366 shares of the restaurant operator’s stock worth $4,337,000 after buying an additional 10,826 shares during the last quarter. Smith Group Asset Management LLC grew its stake in Brinker International by 2.2% in the 1st quarter. Smith Group Asset Management LLC now owns 20,565 shares of the restaurant operator’s stock valued at $2,936,000 after buying an additional 438 shares during the last quarter. Amundi grew its stake in Brinker International by 23.8% in the 1st quarter. Amundi now owns 18,229 shares of the restaurant operator’s stock valued at $2,603,000 after buying an additional 3,500 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Brinker International by 12.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,021 shares of the restaurant operator’s stock valued at $289,000 after buying an additional 217 shares during the last quarter. Finally, California State Teachers Retirement System raised its holdings in Brinker International by 22.7% in the 1st quarter. California State Teachers Retirement System now owns 51,594 shares of the restaurant operator’s stock valued at $7,366,000 after acquiring an additional 9,562 shares during the period.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on EAT. Stephens began coverage on shares of Brinker International in a research report on Friday, July 17th. They set an “overweight” rating and a $220.00 price objective for the company. Citigroup upped their target price on Brinker International from $189.00 to $227.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. KeyCorp increased 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 lifted their price target on Brinker International from $200.00 to $220.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Finally, TD Cowen boosted their price target on Brinker International from $170.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $193.25.

Brinker International Stock Down 3.3%

NYSE EAT opened at $217.95 on Wednesday. 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 company has a market cap of $9.35 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.34 and a beta of 1.24. The company has a 50 day moving average of $172.44 and a 200-day moving average of $156.80. Brinker International, Inc. has a 1-year low of $100.30 and a 1-year high of $225.50.

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.