Sachem Head Capital Management LP Has Lifted By $71.15 Million Its Shire Plc (SHPG) Position; Bravo Brio Restaurant Group Has 0.54 Sentiment

February 19, 2018 - By Peter Erickson

Sachem Head Capital Management Lp increased Shire Plc (SHPG) stake by 60% reported in 2017Q3 SEC filing. Sachem Head Capital Management Lp acquired 465,000 shares as Shire Plc (SHPG)’s stock rose 4.45%. The Sachem Head Capital Management Lp holds 1.24M shares with $189.89M value, up from 775,000 last quarter. Shire Plc now has $37.20 billion valuation. The stock decreased 0.92% or $1.24 during the last trading session, reaching $134.06. About 944,332 shares traded. Shire plc (NASDAQ:SHPG) has risen 4.69% since February 19, 2017 and is uptrending. It has underperformed by 12.01% the S&P500.

Bravo Brio Restaurant Group, Inc. owns and operates Italian restaurants in the United States. The company has market cap of $49.42 million. The firm 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. It currently has negative earnings. The Company’s restaurants primarily offer Italian food and wine.

Among 25 analysts covering Shire plc (ADR) (NASDAQ:SHPG), 21 have Buy rating, 0 Sell and 4 Hold. Therefore 84% are positive. Shire plc (ADR) had 70 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Piper Jaffray with “Hold” on Tuesday, July 25. Stifel Nicolaus maintained Shire plc (NASDAQ:SHPG) rating on Friday, October 6. Stifel Nicolaus has “Buy” rating and $245.0 target. RBC Capital Markets maintained it with “Sector Perform” rating and $240.0 target in Tuesday, January 12 report. The company was initiated on Friday, December 2 by Societe Generale. The firm has “Buy” rating given on Tuesday, January 2 by Stifel Nicolaus. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, February 14 report. JP Morgan maintained Shire plc (NASDAQ:SHPG) rating on Friday, May 20. JP Morgan has “Overweight” rating and $239 target. The stock of Shire plc (NASDAQ:SHPG) earned “Buy” rating by Cantor Fitzgerald on Tuesday, August 15. RBC Capital Markets maintained Shire plc (NASDAQ:SHPG) rating on Wednesday, June 7. RBC Capital Markets has “Buy” rating and $21800 target. As per Wednesday, October 18, the company rating was initiated by FBR Capital.

Addison Clark Management L.L.C. holds 5.86% of its portfolio in Bravo Brio Restaurant Group, Inc. for 128,945 shares. Weber Alan W owns 25,000 shares or 0.21% of their US portfolio. Moreover, Eagle Boston Investment Management Inc has 0.13% invested in the company for 548,279 shares. The Massachusetts-based Aristotle Capital Boston Llc has invested 0.09% in the stock. Cove Street Capital Llc, a California-based fund reported 200,000 shares.

The stock decreased 0.76% or $0.03 during the last trading session, reaching $3.25. About 145,832 shares traded or 60.37% up from the average. Bravo Brio Restaurant Group, Inc. (BBRG) has declined 30.93% since February 19, 2017 and is downtrending. It has underperformed by 47.63% the S&P500.

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