Jefferies Group LLC reiterated their hold rating on shares of Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) in a research report released on Wednesday, August 9th. The brokerage currently has a $3.75 price objective on the restaurant operator’s stock, down from their previous price objective of $5.00.

A number of other brokerages have also recently issued reports on BBRG. Zacks Investment Research cut shares of Bravo Brio Restaurant Group from a buy rating to a hold rating in a research note on Friday, May 5th. ValuEngine raised shares of Bravo Brio Restaurant Group from a sell rating to a hold rating in a research note on Tuesday, August 1st.

Shares of Bravo Brio Restaurant Group (NASDAQ BBRG) remained flat at $2.85 during trading on Wednesday. 96,784 shares of the company were exchanged. Bravo Brio Restaurant Group has a 52 week low of $2.80 and a 52 week high of $5.30. The company’s 50-day moving average is $3.64 and its 200-day moving average is $4.40. The company’s market capitalization is $43.31 million.

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

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Large investors have recently made changes to their positions in the stock. Addison Clark Management L.L.C. boosted 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 period. Dimensional Fund Advisors LP boosted its stake in shares of Bravo Brio Restaurant Group by 7.6% in the first quarter. Dimensional Fund Advisors LP now owns 573,055 shares of the restaurant operator’s stock worth $2,923,000 after buying an additional 40,338 shares during the period. Kennedy Capital Management Inc. raised its stake 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. Brandes Investment Partners LP raised its stake in Bravo Brio Restaurant Group by 167.1% in the first quarter. Brandes Investment Partners LP now owns 30,339 shares of the restaurant operator’s stock worth $155,000 after buying an additional 18,982 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. raised its stake in Bravo Brio Restaurant Group by 5.7% in the first quarter. Eagle Boston Investment Management Inc. now owns 536,108 shares of the restaurant operator’s stock worth $2,734,000 after buying an additional 28,692 shares in the last quarter. 58.63% of the stock is owned by institutional investors.

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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