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Brinker International, Inc. (NYSE:EAT) reported Monday that shareholders elected all nominated directors and approved two additional proposals at the company’s annual meeting held Thursday. The restaurant chain operator, with a market capitalization of $6.23 billion, currently boasts a perfect Piotroski Score of 9 according to InvestingPro data, indicating exceptional financial health.
According to a press release statement based on a recent SEC filing, shareholders voted to elect each of the management’s nominees to the board of directors, with all directors set to serve until the next annual meeting or until a successor is elected and qualified. The elected directors and the number of shares voted in favor included Frances L. Allen (35,234,155), Cynthia L. Davis (35,321,585), Joseph M. DePinto (34,766,649), Harriet Edelman (34,247,885), William T. Giles (34,563,082), Kevin D. Hochman (35,440,077), Ramona T. Hood (35,499,915), Timothy A. Johnson (35,409,176), James C. Katzman (35,237,550), and Frank D. Liberio (35,375,402).
Shareholders also ratified the appointment of KPMG LLP as the company’s independent auditors for fiscal year 2026. The proposal received 38,189,677 votes in favor, 882,015 votes against, and 64,478 abstentions. The company’s stock has shown a significant return of 11.45% over the last week, though its current ratio of 0.35 indicates short-term obligations exceed liquid assets.
Additionally, a proposal regarding executive compensation was approved, with 34,195,055 votes for, 1,332,331 against, and 101,164 abstentions.
The information in this article is based on a press release statement and details disclosed in Brinker International’s recent SEC filing.
In other recent news, Brinker International reported better-than-expected results for the first quarter of fiscal year 2026. The company posted earnings per share of $1.93, surpassing the consensus estimate of $1.77, and achieved revenue of $1.35 billion, exceeding the anticipated $1.32 billion. These results were driven by stronger comparable sales at its Chili’s restaurant chain and improved restaurant margins. Despite these positive earnings, BMO Capital lowered its price target for Brinker to $140 from $170, maintaining a Market Perform rating. Additionally, Freedom Capital Markets initiated coverage of Brinker with a Buy rating and a $145 price target, citing confidence in Chili’s ability to gain market share. Mizuho reiterated its Outperform rating on Brinker, highlighting strong same-store sales growth and favorable cost conditions. Stifel also maintained a Buy rating, expressing confidence based on recently tokenized guest data. These developments reflect a mix of optimism and caution among analysts regarding Brinker’s future performance.
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