210K shares changed hands on Wednesday. Volume was up 121.62% over the stocks average daily volume.
Traders are more bullish on shares of Bravo Brio Restauran of late as shown by the decrease in short interest. The company saw a fall in short interest of -0.24% as of October 13, 2017 from the last reporting period. Short interest decreased from 1,050,806 to 1,048,247 over that timeframe. The short-interest ratio increased to 16.0 and the short interest percentage is 0.07% as of October 13.
These funds have shifted positions in (BBRG). As of quarter end Eagle Boston Investment Management Inc had disposed of 434 shares trimming its position 0.1%. The value in dollars decreased from $2,524,000 to $1,288,000 a change of $1,236,000 for the reporting period. As of the end of the quarter Morgan Stanley had bought a total of 828 shares growing its holdings by 1,150.0%. The value of the investment in Bravo Brio Restauran went from $0 to $2,000 a change of inf% quarter to quarter.
As of quarter end Two Sigma Investments, Lp had disposed of a total of 27,716 shares trimming its stake by 39.3%. The value of the company’s investment in Bravo Brio Restauran went from $325,000 to $98,000 decreasing 69.8% quarter over quarter. As of the end of the quarter Oxford Asset Management had bought a total of 14,767 shares growing its holdings by 17.7%. The value of the investment in BBRG decreased from $385,000 to $231,000 a change of $154,000 since the last quarter.
November 3 investment analysts at Jefferies Group LLC maintained a company rating of “Hold” with a current price target of $2.50. On September 12 Jefferies Group LLC maintained a stock rating of “Hold” targeting a price of $3.75.
August 9 investment analysts at Jefferies Group LLC kept the stock rating at “Hold” projecting a price of $3.75.
The company is so far trading up from yesterday’s close of 2.25. Bravo Brio Restauran’s P/E ratio is N/A and the market value is 34.55M. In the last earnings report the EPS was $-4.96 with 15.20M shares presently outstanding.
Bravo Brio Restaurant Group, Inc., launched on July 7, 1987, is the owner and operator of approximately two Italian restaurant brands, including BRAVO! Cucina Italiana (BRAVO!) and BRIO Tuscan Grille (BRIO). The Company operates approximately 120 restaurants in over 30 states. Additionally, approximately one BRIO restaurant is operated under a franchise agreement. The Company has over 110 operating locations, owns approximately four locations, of which over 100 are located adjacent to or in lifestyle centers and shopping malls, and over 10 were free-standing units. The Business’s reward programs, called MyBRAVO Rewards and MyBRIO Rewards, are designed to reward guests for their continuous dining at its restaurants. Its guests can download a MyBRAVO/MyBRIO! Rewards mobile application, register their cards at BRAVO! and BRIO locations or online at www.myBRAVOReward.com or www.myBRIOReward.com..