BlackRock Amends Brinker Intl. Stake, Maintains Passive Position
Ticker: EAT · Form: SC 13G/A · Filed: 2024-01-22T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns a big chunk of Brinker International, but they're not looking to shake things up.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, disclosing its ownership of Brinker International, Inc. (NYSE: EAT) common stock as of December 31, 2023. This filing, Amendment No. 2, indicates BlackRock continues to hold a significant passive stake in the restaurant company. For investors, this means a major institutional investor maintains confidence in Brinker, which could signal stability but also limits the potential for activist intervention from BlackRock.
Why It Matters
This filing confirms BlackRock's continued substantial, but passive, investment in Brinker International, signaling institutional confidence without intent for active management changes. It's important for investors to know that a major player like BlackRock is still holding a significant stake.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor, indicating no immediate new risks or significant changes in company control.
Analyst Insight
A smart investor would note BlackRock's continued passive stake as a sign of stability, but understand that this filing doesn't suggest any upcoming strategic changes or activist pushes from this major holder. It's a routine update confirming existing institutional ownership.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Brinker International, Inc. (company) — the subject company whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 22, 2024 (date) — the filing date of the SC 13G/A
Forward-Looking Statements
- BlackRock will maintain a passive investment strategy in Brinker International, Inc. (BlackRock Inc.) — high confidence, target: Next 12 months
- Brinker International, Inc. will not face immediate activist pressure from BlackRock. (Brinker International, Inc.) — high confidence, target: Next 6 months
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 2, as stated in the filing.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as indicated in the 'FILED BY' section of the document.
What is the subject company whose securities are being reported?
The subject company is BRINKER INTERNATIONAL, INC., as stated under 'SUBJECT COMPANY' and 'Name of Issuer' in the filing.
What is the CUSIP number for the class of securities reported?
The CUSIP number for the Common Stock of Brinker International, Inc. is 109641100, as listed under 'CUSIP Number' in the filing.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified in the 'Date of Event Which Requires Filing of this Statement' section.
From the Filing
EDGAR Filing Documents for 0001086364-24-001137 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0001086364-24-001137 Filing Date 2024-01-22 Accepted 2024-01-22 15:52:15 Documents 1 Document Format Files Seq Description Document Type Size 1 us1096411004_012224.txt SC 13G/A 11685 Complete submission text file 0001086364-24-001137.txt 13647 Mailing Address 3000 OLYMPUS BLVD. DALLAS TX 75019 Business Address 3000 OLYMPUS BLVD. DALLAS TX 75019 9729809917 BRINKER INTERNATIONAL, INC (Subject) CIK : 0000703351 (see all company filings) EIN. : 751914582 | State of Incorp.: DE | Fiscal Year End: 0626 Type: SC 13G/A | Act: 34 | File No.: 005-35993 | Film No.: 24548786 SIC : 5812 Retail-Eating Places (CF Office: 07 Trade & Services) Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance)