An Italian restaurant should be one of those can't lose propositions when it comes to investing. After all, Americans love Italian restaurants and as long as the food is good, performance should follow. Well, that isn't the case with Bravo Brio Restaurant Group (BBRG), which has underperformed for shareholders since it came public a few years ago.
But things are looking up, with activist investor Red Mountain Capital Partners taking notice of the company. Red Mountain increased its stake to 1.66 million shares, or 8.5% BBRG, earlier this month, up from 7.52% in August and 5.88% at the end of June. Red Mountain bought shares as high as $18 back in May, and have been...
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