Brinker Boosts Buyback to $750M, Adds Director Departure and $27.5M Acquisition
EAT has more than doubled off its 52-week low of $100.3.
Summary
Brinker's 10-K confirms strong Q4 results and adds a $750M buyback authorization, a director departure, and a pending $27.5M acquisition.
Key Events · Earnings and Guidance · EAT
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Buyback Authorization Raised to $750M
On August 10, 2026, the board increased the share repurchase authorization to $750 million. The company had repurchased 2.9 million shares for $400 million in fiscal 2026 and an additional 0.4 million shares for $75 million after year-end, leaving $32 million available before the increase.
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Director Departure Announced
Director Timothy Johnson notified the company on August 13, 2026 that he will not stand for re-election at the November 5, 2026 annual meeting. His service concludes November 4, 2026.
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Pending $27.5M Acquisition
The company expects to close the acquisition of 12 Chili's restaurants in Alabama and Mississippi on August 27, 2026 for approximately $27.5 million, funded by the revolving credit facility.
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Strong Fiscal 2026 Results Confirmed
Fiscal 2026 net income was $487.0 million, up from $383.1 million in fiscal 2025. Diluted EPS was $10.87 versus $8.32. Total revenues grew 7.9% to $5.81 billion.
Analysis · EAT · Trade & Services
The 10-K confirms strong fiscal 2026 results but adds three new material items. The board raised the share repurchase authorization to $750 million on August 10, 2026, after exhausting most of the prior $400 million program. Director Timothy Johnson will not stand for re-election at the November 5, 2026 annual meeting. And the company expects to close the $27.5 million acquisition of 12 Chili's restaurants on August 27, 2026. The buyback increase is the most significant new fact — it signals management's confidence in cash generation and returns capital to shareholders, though it also comes amid a week of insider selling.
How filings like this one have moved
In the 30 days to Aug 22, 2026, 29.1% of the 2960 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.01%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, EAT was trading at $232.50 on NYSE in the Trade & Services sector, with a market capitalization of approximately $10B. The 52-week trading range was $100.30 to $253.71. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.