Jefferies Group LLC Reaffirms “Hold” Rating for Bravo Brio Restaurant Group, Inc. (BBRG)

Jefferies Group LLC restated their hold rating on shares of Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) in a research report sent to investors on Tuesday. They currently have a $3.75 target price on the restaurant operator’s stock.

Several other analysts also recently weighed in on the company. Zacks Investment Research upgraded Bravo Brio Restaurant Group from a sell rating to a hold rating in a research note on Tuesday, July 4th. Piper Jaffray Companies downgraded Bravo Brio Restaurant Group from a neutral rating to an underweight rating and lowered their target price for the company from $5.00 to $2.00 in a research note on Thursday, September 7th. Finally, ValuEngine upgraded Bravo Brio Restaurant Group from a sell rating to a hold rating in a research note on Tuesday, August 1st.

Bravo Brio Restaurant Group (NASDAQ:BBRG) traded down 2.00% on Tuesday, reaching $2.45. The company had a trading volume of 10,980 shares. The firm has a 50-day moving average of $2.89 and a 200-day moving average of $4.20. The stock’s market capitalization is $37.23 million. Bravo Brio Restaurant Group has a 12 month low of $2.35 and a 12 month high of $5.30.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last announced its earnings results on Thursday, August 3rd. The restaurant operator reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.06. The company 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 return on equity of 137.99% and a negative net margin of 18.18%. The company’s revenue was down 2.1% on a year-over-year basis. During the same period 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 earnings per share for the current fiscal year.

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Several institutional investors have recently made changes to their positions in BBRG. Addison Clark Management L.L.C. grew its stake in shares of Bravo Brio Restaurant Group by 396.0% during the first quarter. Addison Clark Management L.L.C. now owns 786,235 shares of the restaurant operator’s stock valued at $4,010,000 after acquiring an additional 627,710 shares in the last quarter. Kennedy Capital Management Inc. grew its stake in Bravo Brio Restaurant Group by 22.5% in the second quarter. Kennedy Capital Management Inc. now owns 785,567 shares of the restaurant operator’s stock worth $3,614,000 after purchasing an additional 144,383 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in Bravo Brio Restaurant Group in the first quarter worth about $616,000. Sei Investments Co. grew its stake in Bravo Brio Restaurant Group by 1,929.5% in the first quarter. Sei Investments Co. now owns 56,481 shares of the restaurant operator’s stock worth $288,000 after purchasing an additional 53,698 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew its stake in Bravo Brio Restaurant Group by 23.2% in the second quarter. Rice Hall James & Associates LLC now owns 217,829 shares of the restaurant operator’s stock worth $1,002,000 after purchasing an additional 41,020 shares in the last quarter. Institutional investors own 57.22% of the company’s stock.

About Bravo Brio Restaurant Group

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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