Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) has seen an increase in hedge fund interest in recent months.
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With all of this in mind, it’s important to take a look at the recent action regarding Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG).
What have hedge funds been doing with Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG)?
At the end of the fourth quarter, a total of 7 of the hedge funds we track were long in this stock, a change of 17% from the previous quarter. With the smart money’s sentiment swirling, there exists an “upper tier” of key hedge fund managers who were increasing their stakes significantly.
Of the funds we track, Cumberland Associates, managed by Andrew Wallach, holds the biggest position in Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG). Cumberland Associates has a $2 million position in the stock, comprising 2.9% of its 13F portfolio. On Cumberland Associates’s heels is Millennium Management, managed by Israel Englander, which held a $1.7 million position; less than 0.1%% of its 13F portfolio is allocated to the company. Remaining peers that are bullish include John Overdeck and David Siegel’s Two Sigma Advisors, Jim Simons’s Renaissance Technologies and D. E. Shaw’s D E Shaw.
As aggregate interest increased, some big names have jumped into Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) headfirst. AQR Capital Management, managed by Cliff Asness, initiated the biggest position in Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG). AQR Capital Management had 0.5 million invested in the company at the end of the quarter. Mike Vranos’s Ellington also made a $0.3 million investment in the stock during the quarter.
What have insiders been doing with Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG)?
Insider buying is at its handiest when the company we’re looking at has experienced transactions within the past six months. Over the latest 180-day time frame, Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) has seen 2 unique insiders purchasing, and zero insider sales (see the details of insider trades here).
Let’s go over hedge fund and insider activity in other stocks similar to Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG). These stocks are Jamba, Inc. (NASDAQ:JMBA), Del Frisco’s Restaurant Group Inc (NASDAQ:DFRG), Einstein Noah Restaurant Group, Inc. (NASDAQ:BAGL), Ignite Restaurant Group Inc (NASDAQ:IRG), and Ruth’s Hospitality Group, Inc. (NASDAQ:RUTH). This group of stocks are in the restaurants industry and their market caps match BBRG’s market cap.