FMR LLC & Abigail Johnson Hold 14.999% Stake in Brinker Intl.
Ticker: EAT · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, SC-13G
TL;DR
**FMR LLC and Abigail Johnson still own nearly 15% of Brinker International, signaling continued institutional confidence.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Brinker International, Inc. (owner of Chili's and Maggiano's) to 14.999% of the common stock, totaling 6,630,465 shares, as of February 9, 2024. This filing, an amendment to a previous SC 13G, indicates a significant, but not controlling, passive investment. This matters to investors because FMR LLC's substantial holding signals confidence in Brinker's long-term prospects, potentially influencing other institutional investors and providing a degree of stability to the stock.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, maintain a significant, albeit passive, stake in Brinker International, Inc., which can be seen as a vote of confidence in the company's future performance.
Risk Assessment
Risk Level: low — This is a routine amendment to a passive investment filing, indicating no immediate change in strategy or significant new risks.
Analyst Insight
A smart investor would note FMR LLC's continued significant, passive stake as a sign of institutional confidence, but recognize that this filing itself doesn't indicate any new strategic moves or changes in company fundamentals, thus warranting no immediate action based solely on this update.
Key Numbers
- 6,630,465 — shares beneficially owned (total common stock shares of Brinker International, Inc. held by FMR LLC and Abigail P. Johnson)
- 14.999% — percent of class (percentage of Brinker International, Inc.'s common stock beneficially owned by FMR LLC and Abigail P. Johnson)
- 0000315066-24-001032 — accession number (unique identifier for this specific SEC filing)
- 20240209 — filed as of date (date this SC 13G/A amendment was filed with the SEC)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- BRINKER INTERNATIONAL, INC (company) — subject company, issuer of common stock
- Delaware (company) — state of incorporation for FMR LLC
- United States of America (person) — citizenship of Abigail P. Johnson
Forward-Looking Statements
- FMR LLC will maintain its significant, passive stake in Brinker International, Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
- Brinker International, Inc.'s stock price will experience minor stability due to FMR LLC's continued large holding. (BRINKER INTERNATIONAL, INC) — medium confidence, target: 2024-08-09
FAQ
What is the primary purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No.3) to a Schedule 13G, indicating an update to the beneficial ownership of common stock in Brinker International, Inc. by FMR LLC and Abigail P. Johnson, filed under Rule 13d-1(b).
How many shares of Brinker International, Inc. common stock are beneficially owned by FMR LLC and Abigail P. Johnson as reported in this filing?
As reported in Item 4(a) and Item 7 for both FMR LLC and Abigail P. Johnson, they beneficially own 6,630,465 shares of Brinker International, Inc. common stock.
What percentage of Brinker International, Inc.'s common stock does this beneficial ownership represent?
This beneficial ownership represents 14.999% of the class of Brinker International, Inc.'s common stock, as stated in Item 11 for both FMR LLC and Abigail P. Johnson, and Item 4(b).
What is the CUSIP number for Brinker International, Inc. common stock mentioned in this filing?
The CUSIP number for Brinker International, Inc. common stock is 109641100, as specified in the filing.
What is the business address of the reporting person, FMR LLC?
The business address of FMR LLC is 245 Summer Street, Boston, Massachusetts 02210, as stated in Item 2(b) of the filing.
From the Filing
EDGAR Filing Documents for 0000315066-24-001032 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. 0000315066-24-001032 Filing Date 2024-02-09 Accepted 2024-02-09 08:35:57 Documents 1 Document Format Files Seq Description Document Type Size 1 filing.txt SC 13G/A 6545 Complete submission text file 0000315066-24-001032.txt 8356 Mailing Address 245 SUMMER STREET BOSTON MA 02210 Business Address 245 SUMMER STREET BOSTON MA 02210 6175706339 FMR LLC (Filed by) CIK : 0000315066 (see all company filings) EIN. : 043532603 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 0000 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.: 24611394 SIC : 5812 Retail-Eating Places (CF Office: 07 Trade & Services)