Cubic Asset Management Has Lowered Its Brinker Intl (EAT) Stake by $1.88 Million; Royal Bank Of Canada (RY) Holder Fairfield Bush & Company Increased Its Holding by $381,510 as Share Value Declined

May 18, 2018 - By Winifred Garcia

Brinker International, Inc. (NYSE:EAT) Logo

Fairfield Bush & Company increased its stake in Royal Bank Of Canada (RY) by 4.22% based on its latest 2017Q4 regulatory filing with the SEC. Fairfield Bush & Company bought 4,710 shares as the company’s stock declined 4.81% with the market. The institutional investor held 116,317 shares of the commercial banks company at the end of 2017Q4, valued at $9.50M, up from 111,607 at the end of the previous reported quarter. Fairfield Bush & Company who had been investing in Royal Bank Of Canada for a number of months, seems to be bullish on the $113.32B market cap company. The stock decreased 0.29% or $0.23 during the last trading session, reaching $78.93. About 373,170 shares traded. Royal Bank of Canada (NYSE:RY) has risen 5.90% since May 18, 2017 and is uptrending. It has underperformed by 5.65% the S&P500.

Cubic Asset Management Llc decreased its stake in Brinker Intl Inc (EAT) by 41.58% based on its latest 2017Q4 regulatory filing with the SEC. Cubic Asset Management Llc sold 49,497 shares as the company’s stock declined 11.27% with the market. The institutional investor held 69,553 shares of the consumer services company at the end of 2017Q4, valued at $2.70 million, down from 119,050 at the end of the previous reported quarter. Cubic Asset Management Llc who had been investing in Brinker Intl Inc for a number of months, seems to be less bullish one the $1.97 billion market cap company. The stock increased 1.17% or $0.52 during the last trading session, reaching $45. About 926,466 shares traded. Brinker International, Inc. (NYSE:EAT) has declined 16.76% since May 18, 2017 and is downtrending. It has underperformed by 28.31% the S&P500.

Among 24 analysts covering Brinker (NYSE:EAT), 7 have Buy rating, 2 Sell and 15 Hold. Therefore 29% are positive. Brinker had 77 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Brinker International, Inc. (NYSE:EAT) has “Buy” rating given on Tuesday, June 7 by Maxim Group. The firm earned “Hold” rating on Tuesday, January 30 by BMO Capital Markets. The company was reinitiated on Thursday, May 26 by Bernstein. As per Wednesday, June 1, the company rating was initiated by Stephens. The stock has “Neutral” rating by JP Morgan on Thursday, June 15. The firm has “Hold” rating by J.P. Morgan given on Thursday, June 15. The stock of Brinker International, Inc. (NYSE:EAT) earned “Buy” rating by Maxim Group on Tuesday, September 12. Canaccord Genuity maintained it with “Hold” rating and $44.0 target in Friday, January 5 report. As per Wednesday, January 31, the company rating was maintained by Maxim Group. The firm has “Neutral” rating by Longbow given on Tuesday, October 20.

Since February 15, 2018, it had 0 insider purchases, and 1 sale for $28,286 activity.

More notable recent Brinker International, Inc. (NYSE:EAT) news were published by: Investorplace.com which released: “Chili’s Data Breach 2018: What You Should Know” on May 14, 2018, also Seekingalpha.com with their article: “Pricing offsets traffic declines at Brinker International” published on May 01, 2018, Benzinga.com published: “RBC Grows An Appetite For Chili’s Parent Company” on April 28, 2018. More interesting news about Brinker International, Inc. (NYSE:EAT) were released by: Seekingalpha.com and their article: “Brinker International: Buy The Reversal” published on May 03, 2018 as well as Bizjournals.com‘s news article titled: “Fast-Food Roundup: McDonald’s adding jobs… Starbucks ups China goals” with publication date: May 17, 2018.

Analysts await Brinker International, Inc. (NYSE:EAT) to report earnings on August, 9. They expect $1.19 EPS, up 9.17% or $0.10 from last year’s $1.09 per share. EAT’s profit will be $52.17 million for 9.45 P/E if the $1.19 EPS becomes a reality. After $1.08 actual EPS reported by Brinker International, Inc. for the previous quarter, Wall Street now forecasts 10.19% EPS growth.

Cubic Asset Management Llc, which manages about $573.99 million and $358.91M US Long portfolio, upped its stake in Finisar Corporation (NASDAQ:FNSR) by 32,035 shares to 123,515 shares, valued at $2.51 million in 2017Q4, according to the filing. It also increased its holding in Discovery Communications (NASDAQ:DISCA) by 75,800 shares in the quarter, for a total of 210,350 shares, and has risen its stake in Compass Minerals International (NYSE:CMP).

Investors sentiment decreased to 0.91 in Q4 2017. Its down 0.21, from 1.12 in 2017Q3. It turned negative, as 29 investors sold EAT shares while 88 reduced holdings. 43 funds opened positions while 63 raised stakes. 53.21 million shares or 0.47% more from 52.96 million shares in 2017Q3 were reported. Schroder Inv Grp Inc invested 0.06% of its portfolio in Brinker International, Inc. (NYSE:EAT). Menta Cap Ltd Llc holds 0.07% of its portfolio in Brinker International, Inc. (NYSE:EAT) for 8,812 shares. Epoch Inv Prns owns 413,179 shares for 0.05% of their portfolio. 16,677 were accumulated by State Treasurer State Of Michigan. Comerica National Bank accumulated 38,957 shares. California Employees Retirement holds 0.01% or 205,074 shares in its portfolio. 22,845 are owned by Globeflex Ltd Partnership. Cooke & Bieler Limited Partnership holds 1.07% in Brinker International, Inc. (NYSE:EAT) or 1.53M shares. Farmers Merchants Invs accumulated 550 shares. Advsr Asset Management accumulated 48,061 shares. Advantus Capital reported 5,701 shares. Moreover, Dupont Capital has 0.03% invested in Brinker International, Inc. (NYSE:EAT) for 38,315 shares. Oppenheimer Asset Mgmt Inc holds 79,328 shares or 0.07% of its portfolio. Qs Invsts Ltd Liability invested in 0.04% or 112,890 shares. Utd Svcs Automobile Association holds 0.04% or 383,210 shares in its portfolio.

Brinker International, Inc. (NYSE:EAT) Institutional Positions Chart

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By1 Winifred Garcia

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