Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG)‘s stock had its “hold” rating reiterated by research analysts at Jefferies Group LLC in a note issued to investors on Wednesday. They presently have a $3.75 price target on the restaurant operator’s stock, down from their previous price target of $5.00. Jefferies Group LLC’s target price indicates a potential upside of 25.00% from the stock’s current price.

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 target price on the stock in a research note on Wednesday. ValuEngine upgraded shares of Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st.

Bravo Brio Restaurant Group (BBRG) remained flat at $3.00 during mid-day trading on Wednesday. The stock had a trading volume of 116,200 shares. Bravo Brio Restaurant Group has a 12-month low of $3.00 and a 12-month high of $5.35. The stock has a 50-day moving average price of $4.10 and a 200 day moving average price of $4.47. The firm’s market capitalization is $45.48 million.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last issued its earnings results on Thursday, August 3rd. The restaurant operator reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.06. The business had revenue of $103.04 million for 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 company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. On average, equities research analysts anticipate that Bravo Brio Restaurant Group will post $0.26 earnings per share for the current year.

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Institutional investors have recently added to or reduced their stakes in the stock. Addison Clark Management L.L.C. increased its position in Bravo Brio Restaurant Group by 396.0% in the first quarter. Addison Clark Management L.L.C. now owns 786,235 shares of the restaurant operator’s stock worth $4,010,000 after buying an additional 627,710 shares in the last quarter. Heartland Advisors Inc. increased its position in Bravo Brio Restaurant Group by 19.0% in the first quarter. Heartland Advisors Inc. now owns 1,148,375 shares of the restaurant operator’s stock worth $5,857,000 after buying an additional 183,400 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in Bravo Brio Restaurant Group during the first quarter worth about $616,000. Kennedy Capital Management Inc. increased its position in Bravo Brio Restaurant Group by 11.3% in the first quarter. Kennedy Capital Management Inc. now owns 641,184 shares of the restaurant operator’s stock worth $3,270,000 after buying an additional 64,855 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in Bravo Brio Restaurant Group during the fourth quarter worth about $216,000. Hedge funds and other institutional investors own 58.47% 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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