CEO of Bravo Brio Restaurant Group Inc. Buys 6,400 Shares
Previously, CEO Saed Mohseni has not made any recent trades in the company. However, the company’s CFO also increased his positions in the company on Aug. 3, 2012, purchasing 1,000 shares.
Mr. Saed Mohseni is president, CEO, director of Bravo Brio Restaurant Group Inc. He joined the company as CEO in February 2007 and assumed the additional role of president in September 2009. Mr. Mohseni has also served as a director of the company since June 2006. Prior to joining the company he was CEO and director of McCormick & Schmick’s Seafood Restaurants Inc. Mr. Mohseni attended Portland State University and Oregon State University.
BBRG reported earnings per share of $3.96 in 2011, compared to a net loss of 54 cents per share in 2010, and a net loss of $1.13 in 2009. The company has seen steady growth in revenues. BBRG holds about $10 million in cash, but owes $30 million in long-term debt and an additional $81 million in other long-term liabilities.
Two gurus hold positions in BBRG. Ron Baron owns 1,750,000 shares as of 03/31/2012, which accounts for 0.21% of the $16.69 billion portfolio of Baron Funds. PRIMECAP Management owns 60,300 shares as of 03/31/2012, which accounts for 0.0018% of the $67.24 billion portfolio of PRIMECAP Management.