Jefferies Group LLC reiterated their hold rating on shares of Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) in a research note released on Wednesday. They currently have a $3.75 target price on the restaurant operator’s stock, down from their previous target price of $5.00.

A number of other brokerages also recently commented on BBRG. Zacks Investment Research upgraded shares of Bravo Brio Restaurant Group from a hold rating to a buy rating and set a $3.25 price objective for the company in a research report on Wednesday. ValuEngine raised shares of Bravo Brio Restaurant Group from a sell rating to a hold rating in a report on Tuesday, August 1st.

Shares of Bravo Brio Restaurant Group (NASDAQ:BBRG) remained flat at $2.95 during trading on Wednesday. 285,798 shares of the stock traded hands. The firm’s 50-day moving average is $3.88 and its 200-day moving average is $4.44. Bravo Brio Restaurant Group has a 12-month low of $2.80 and a 12-month high of $5.30. The stock’s market capitalization is $44.83 million.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last announced its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.06. The firm had revenue of $103.04 million during the quarter, compared to the consensus estimate of $104.20 million. Bravo Brio Restaurant Group had a negative net margin of 18.18% and a negative return on equity of 137.99%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share. On average, equities research analysts expect that Bravo Brio Restaurant Group will post $0.26 EPS for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of BBRG. Bank of New York Mellon Corp boosted its position in shares of Bravo Brio Restaurant Group by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 43,624 shares of the restaurant operator’s stock worth $222,000 after buying an additional 1,377 shares during the period. Winslow Asset Management Inc. boosted its position in shares of Bravo Brio Restaurant Group by 2.7% in the second quarter. Winslow Asset Management Inc. now owns 56,579 shares of the restaurant operator’s stock worth $260,000 after buying an additional 1,500 shares during the period. Northern Trust Corp boosted its position in shares of Bravo Brio Restaurant Group by 8.1% in the second quarter. Northern Trust Corp now owns 53,474 shares of the restaurant operator’s stock worth $246,000 after buying an additional 4,015 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Bravo Brio Restaurant Group by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 580,539 shares of the restaurant operator’s stock worth $2,671,000 after buying an additional 7,484 shares during the period. Finally, Eagle Boston Investment Management Inc. boosted its position in shares of Bravo Brio Restaurant Group by 2.4% in the second quarter. Eagle Boston Investment Management Inc. now owns 548,713 shares of the restaurant operator’s stock worth $2,524,000 after buying an additional 12,605 shares during the period. 58.47% of the stock is owned by institutional investors.

Bravo Brio Restaurant Group Company Profile

Bravo Brio Restaurant Group, Inc is the owner and operator of approximately two Italian restaurant brands, including BRAVO! Cucina Italiana (BRAVO!) and BRIO Tuscan Grille (BRIO). The Company operates approximately 120 restaurants in over 30 states. Additionally, approximately one BRIO restaurant is operated under a franchise agreement.

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