Bravo Brio Restaurant Group, Inc. (BBRG) Short Interest Down 54.4% in March

Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 472,575 shares, a decline of 54.4% from the February 28th total of 1,036,748 shares. Based on an average daily volume of 458,667 shares, the days-to-cover ratio is presently 1.0 days. Approximately 5.1% of the shares of the company are short sold.

A number of research firms recently issued reports on BBRG. ValuEngine lowered Bravo Brio Restaurant Group from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered Bravo Brio Restaurant Group from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th.

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Shares of Bravo Brio Restaurant Group stock opened at $4.00 on Friday. The firm has a market cap of $61.18, a price-to-earnings ratio of 23.53 and a beta of 0.90. Bravo Brio Restaurant Group has a 1-year low of $1.65 and a 1-year high of $5.30.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last announced its earnings results on Thursday, March 15th. The restaurant operator reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. Bravo Brio Restaurant Group had a negative return on equity of 16.41% and a negative net margin of 2.39%.

A number of institutional investors have recently made changes to their positions in BBRG. Macquarie Group Ltd. bought a new stake in Bravo Brio Restaurant Group during the 3rd quarter valued at $176,000. Northern Trust Corp raised its stake in shares of Bravo Brio Restaurant Group by 8.1% in the 2nd quarter. Northern Trust Corp now owns 53,474 shares of the restaurant operator’s stock worth $246,000 after buying an additional 4,015 shares in the last quarter. Algert Global LLC raised its stake in shares of Bravo Brio Restaurant Group by 34.5% in the 3rd quarter. Algert Global LLC now owns 130,860 shares of the restaurant operator’s stock worth $298,000 after buying an additional 33,570 shares in the last quarter. Synovus Financial Corp raised its stake in shares of Bravo Brio Restaurant Group by 179.7% in the 4th quarter. Synovus Financial Corp now owns 342,511 shares of the restaurant operator’s stock worth $852,000 after buying an additional 220,050 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. raised its stake in shares of Bravo Brio Restaurant Group by 4.2% in the 4th quarter. Eagle Boston Investment Management Inc. now owns 571,399 shares of the restaurant operator’s stock worth $1,428,000 after buying an additional 23,120 shares in the last quarter. 32.50% of the stock is currently owned by hedge funds and other institutional investors.

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About Bravo Brio Restaurant Group

Bravo Brio Restaurant Group, Inc owns and operates Italian restaurants in the United States. It operates full-service Italian restaurants under the BRAVO! Cucina Italiana brand name; Italian chophouse restaurants under the BRIO Tuscan Grille brand name; and full-service American-French bistro restaurant under the Bon Vie brand name.

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