Kevin Hochman, president and chief executive officer of Brinker International, sold 66,000 shares of the company's common stock on January 29, 2026, for proceeds totaling $10,580,460. The sale prices recorded in the Securities and Exchange Commission Form 4 filing range from $153.27 to $164.25 per share.
The filing also shows that Hochman made a separate transfer of 2,000 shares on January 30, 2026, recorded as a gift at a price of $0. After accounting for the January transactions, Hochman is listed as directly holding 129,824 shares of Brinker International common stock.
The 66,000-share sale was carried out pursuant to a pre-arranged Rule 10b5-1 trading plan that Hochman adopted on March 6, 2025, according to the Form 4. The filing does not attach commentary on the motivation for the gift or further personal context surrounding the transactions.
Separately, Brinker International reported second-quarter results for fiscal year 2026 that exceeded consensus expectations. The company posted adjusted diluted earnings per share of $2.87, above the $2.57 expected by Wall Street, and reported revenue of $1.45 billion, topping the $1.41 billion projection.
Those results prompted several analyst firms to raise their price targets. Stifel lifted its target from $200 to $210 and maintained a Buy rating. UBS increased its target from $175 to $190, citing continued strength at the Chili's restaurant chain. BMO Capital modestly raised its target from $170 to $175, noting improved restaurant margins and stronger comparable sales at Chili's as drivers of the revision.
These filings and earnings disclosures provide concrete data points for investors tracking insider activity and company performance. The SEC Form 4 records the precise share counts, transaction dates, price ranges, and the 10b5-1 plan adoption date. The quarterly financial figures and subsequent analyst target adjustments are reported by the firms named in their respective updates.