GSA Capital Partners LLP held its position in Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 131,812 shares of the restaurant operator’s stock at the close of the 2nd quarter. GSA Capital Partners LLP owned 0.87% of Bravo Brio Restaurant Group worth $606,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bank of New York Mellon Corp increased its stake in Bravo Brio Restaurant Group by 3.3% during the 1st quarter. Bank of New York Mellon Corp now owns 43,624 shares of the restaurant operator’s stock worth $222,000 after purchasing an additional 1,377 shares in the last quarter. Winslow Asset Management Inc. increased its stake in Bravo Brio Restaurant Group by 2.7% during the 2nd quarter. Winslow Asset Management Inc. now owns 56,579 shares of the restaurant operator’s stock worth $260,000 after purchasing an additional 1,500 shares in the last quarter. Eagle Boston Investment Management Inc. increased its stake in Bravo Brio Restaurant Group by 2.4% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 548,713 shares of the restaurant operator’s stock worth $2,524,000 after purchasing an additional 12,605 shares in the last quarter. Synovus Financial Corp increased its stake in Bravo Brio Restaurant Group by 22.5% during the 2nd quarter. Synovus Financial Corp now owns 107,410 shares of the restaurant operator’s stock worth $493,000 after purchasing an additional 19,747 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its stake in Bravo Brio Restaurant Group by 23.2% during the 2nd quarter. Eagle Asset Management Inc. now owns 149,000 shares of the restaurant operator’s stock worth $685,000 after purchasing an additional 28,052 shares in the last quarter. 57.22% of the stock is owned by institutional investors and hedge funds.

BBRG has been the subject of a number of research reports. Piper Jaffray Companies cut Bravo Brio Restaurant Group from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $5.00 to $2.00 in a research note on Thursday, September 7th. Zacks Investment Research raised Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Jefferies Group LLC reissued a “hold” rating and set a $3.75 target price on shares of Bravo Brio Restaurant Group in a research note on Tuesday, September 12th. Finally, ValuEngine raised 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, Inc. (NASDAQ BBRG) opened at 2.50 on Monday. The company’s 50-day moving average price is $2.56 and its 200-day moving average price is $3.94. The company’s market capitalization is $37.99 million. Bravo Brio Restaurant Group, Inc. has a 1-year low of $2.25 and a 1-year high of $5.30.

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

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Bravo Brio Restaurant Group 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.

Institutional Ownership by Quarter for Bravo Brio Restaurant Group (NASDAQ:BBRG)

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