Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) was downgraded by Piper Jaffray Companies from a “neutral” rating to an “underweight” rating in a note issued to investors on Thursday, MarketBeat reports. They presently have a $2.00 target price on the restaurant operator’s stock, down from their previous target price of $5.00. Piper Jaffray Companies’ price objective would indicate a potential downside of 14.89% from the stock’s previous close.

A number of other research firms have also issued reports on BBRG. Zacks Investment Research lowered shares of Bravo Brio Restaurant Group from a “hold” rating to a “sell” rating in a research note on Tuesday, May 16th. ValuEngine upgraded shares of Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $3.75 price objective (down previously from $5.00) on shares of Bravo Brio Restaurant Group in a research note on Wednesday, August 9th.

Shares of Bravo Brio Restaurant Group (NASDAQ BBRG) opened at 2.35 on Thursday. The stock’s market capitalization is $35.71 million. The company’s 50-day moving average is $3.03 and its 200 day moving average is $4.24. Bravo Brio Restaurant Group has a 52 week low of $2.35 and a 52 week high of $5.30.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last posted its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. The company had revenue of $103.04 million for the quarter, compared to analyst estimates 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 business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. On average, equities analysts forecast that Bravo Brio Restaurant Group will post $0.26 EPS for the current fiscal year.

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Several large investors have recently modified their holdings of the stock. Addison Clark Management L.L.C. increased its stake in shares of 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 during the last quarter. Kennedy Capital Management Inc. increased its stake in shares of 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 buying an additional 144,383 shares during the last quarter. Dimensional Fund Advisors LP increased its stake 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 last quarter. Eagle Boston Investment Management Inc. increased its stake 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 last quarter. Finally, Rice Hall James & Associates LLC increased its stake in shares of 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 buying an additional 41,020 shares during the last quarter. Institutional investors and hedge funds own 57.22% of the company’s stock.

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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