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

Jefferies Group LLC restated their hold rating on shares of Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) in a report issued on Friday, November 3rd. They currently have a $2.50 price target on the restaurant operator’s stock. Jefferies Group also issued estimates for Bravo Brio Restaurant Group’s Q4 2017 earnings at $0.09 EPS, FY2017 earnings at $0.19 EPS, Q1 2018 earnings at $0.15 EPS, Q2 2018 earnings at $0.14 EPS, Q3 2018 earnings at ($0.11) EPS, Q4 2018 earnings at $0.08 EPS and FY2018 earnings at $0.27 EPS.

A number of other brokerages have also recently issued reports on BBRG. Zacks Investment Research raised 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 report on Wednesday, August 9th. Piper Jaffray Companies cut shares of 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 report on Thursday, September 7th. Finally, ValuEngine raised shares of Bravo Brio Restaurant Group from a sell rating to a hold rating in a report on Tuesday, August 1st.

Shares of Bravo Brio Restaurant Group (BBRG) opened at $2.40 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.16 and a debt-to-equity ratio of -1.68. Bravo Brio Restaurant Group has a 1-year low of $1.65 and a 1-year high of $5.30. The company has a market cap of $36.49, a P/E ratio of 10.68, a P/E/G ratio of 2.19 and a beta of 0.64.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last issued its earnings results on Wednesday, November 1st. The restaurant operator reported ($0.16) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.16). Bravo Brio Restaurant Group had a negative net margin of 18.32% and a negative return on equity of 16.41%. The business had revenue of $88.70 million for the quarter, compared to analysts’ expectations of $91.65 million. During the same quarter in the previous year, the firm posted ($0.16) EPS. The business’s revenue for the quarter was down 6.2% compared to the same quarter last year. analysts expect that Bravo Brio Restaurant Group will post 0.2 earnings per share for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in the company. Kennedy Capital Management Inc. increased its holdings 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 purchasing an additional 144,383 shares during the period. Dimensional Fund Advisors LP increased its holdings 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 purchasing an additional 7,484 shares during the period. Eagle Boston Investment Management Inc. increased its holdings 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 purchasing an additional 12,605 shares during the period. Rice Hall James & Associates LLC increased its holdings 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 purchasing an additional 41,020 shares during the period. Finally, Eagle Asset Management Inc. increased its holdings in shares of Bravo Brio Restaurant Group by 23.2% in the second 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 during the period. 38.02% of the stock is currently owned by hedge funds and other 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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