SCHEDULE: FMR LLC & Abigail Johnson Disclose 11.7% Brinker Stake
Ownership Disclosure
FMR LLC and Abigail P. Johnson have disclosed an 11.7% beneficial ownership stake in Brinker International Inc. common stock as of December 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson collectively beneficially own 5,208,744.90 shares of Brinker International Inc. common stock.
- This represents an 11.7% stake in the company's common stock.
- FMR LLC holds sole voting power over 5,022,004.53 shares and sole dispositive power over 5,208,744.90 shares.
- Abigail P. Johnson, as a control person of FMR LLC, is deemed to beneficially own the same aggregate amount of shares with sole dispositive power.
- The filing is an Amendment No. 6 to a Schedule 13G, indicating a change from previous disclosures.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Brinker International Inc.
Sentiment
Score: 7
Explanation: The disclosure of a substantial 11.7% beneficial ownership by FMR LLC and Abigail P. Johnson in Brinker International Inc. is a positive signal, indicating a major institutional investor's confidence in the company. The statement that the shares are held in the ordinary course of business and not for control purposes suggests a stable, long-term investment.
Positives
- A significant 11.7% stake by a major institutional investor like FMR LLC (Fidelity) can signal confidence in Brinker International Inc.'s long-term prospects.
- The holding is stated to be in the ordinary course of business, suggesting a passive investment strategy rather than an activist one, which can provide stability.
Future Outlook
NA
Industry Context
This filing indicates a significant passive investment by a major asset manager, FMR LLC (Fidelity), in Brinker International Inc., a company operating in the casual dining restaurant sector. Such a substantial stake by a prominent institutional investor can be viewed as a vote of confidence in the company's business model and future prospects within the competitive restaurant industry. It suggests that FMR LLC sees value in Brinker International's current strategy and market position.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional stake by FMR LLC may instill confidence among existing shareholders and potentially attract new investors, as it signals a major player's belief in the company's value.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number: -23-000003) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney (accession number: -23-000038) was incorporated by reference. |
| 2025-12-31 | Date of event which requires filing of this statement, representing the beneficial ownership position. |
| 2026-01-07 | Date of joint filing agreement and signature date for FMR LLC and Abigail P. Johnson. |
Recommendation
holdFMR LLC's substantial 11.7% beneficial ownership in Brinker International Inc. indicates a strong institutional endorsement. However, as a Schedule 13G filing, it primarily serves as a disclosure of ownership and does not provide detailed financial performance, strategic updates, or forward-looking guidance from the issuer. While the large stake suggests confidence, without further operational context, a 'hold' recommendation is prudent for investors to await more comprehensive financial reporting before making more aggressive investment decisions.
Keywords
Brinker International Inc., EAT, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Fidelity, Restaurant Industry
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