Bravo Brio Restaurant Group Incorporated (NASDAQ:BBRG) Shorts Decreased by 5.74% After Short Covering

The stock of Bravo Brio Restaurant Group Incorporated (NASDAQ:BBRG) registered a decrease of 5.74% in short interest. BBRG’s total short interest was 786,500 shares in March as published by FINRA. Its down 5.74% from 834,400 shares, reported previously. With 53,600 shares average volume, it will take short sellers 15 days to cover their BBRG’s short positions. The short interest to Bravo Brio Restaurant Group Incorporated’s float is 5.72%. The stock is up 1.22% or $0.1 after the news, hitting $8.32 per share. About 27,620 shares traded hands. Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) has declined 33.60% since July 27, 2015 and is downtrending. It has underperformed by 29.28% the S&P500.

Bravo Brio Restaurant Group, Inc. is the owner and operator of two Italian restaurant brands, BRAVO! Cucina Italiana and BRIO Tuscan Grille (BRIO). The company has a market cap of $129.37 million. BRAVO! Cucina Italiana is a full-service Italian restaurant offering a range of Italian food. It has 29.09 P/E ratio. BRIO Tuscan Grille is an Italian chophouse restaurant serving northern Italian food in a Tuscan villa atmosphere.

The institutional sentiment increased to 1.46 in 2015 Q3. Its up 0.03, from 1.43 in 2015Q2. The ratio improved, as 8 funds sold all Bravo Brio Restaurant Group, Inc. shares owned while 31 reduced positions. 12 funds bought stakes while 45 increased positions. They now own 17.74 million shares or 42.39% more from 12.45 million shares in 2015Q2.

Springowl Associates Llc holds 1.42% of its portfolio in Bravo Brio Restaurant Group, Inc. for 35,500 shares. Lafitte Capital Management Lp owns 160,298 shares or 1.35% of their US portfolio. Moreover, Pacific Global Investment Management Co has 1.34% invested in the company for 535,515 shares. The Massachusetts-based Aristotle Capital Boston Llc has invested 0.86% in the stock. Eagle Boston Investment Management Inc, a Massachusetts-based fund reported 508,400 shares.

Out of 2 analysts covering Bravo Brio Restaurant Group Inc. (NASDAQ:BBRG), 0 rate it “Buy”, 0 “Sell”, while 4 “Hold”. This means 0% are positive. Bravo Brio Restaurant Group Inc. was the topic in 3 analyst reports since November 6, 2015 according to StockzIntelligence Inc.

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