Acadian Asset Management LLC held its stake in shares of Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) during the second quarter, Holdings Channel reports. The institutional investor owned 279,803 shares of the restaurant operator’s stock at the end of the second quarter. Acadian Asset Management LLC’s holdings in Bravo Brio Restaurant Group were worth $1,287,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of BBRG. Algert Global LLC increased its position in shares of Bravo Brio Restaurant Group by 11.6% in the first quarter. Algert Global LLC now owns 128,490 shares of the restaurant operator’s stock valued at $655,000 after buying an additional 13,366 shares during the last quarter. Sei Investments Co. increased its position in shares of Bravo Brio Restaurant Group by 1,929.5% in the first quarter. Sei Investments Co. now owns 56,481 shares of the restaurant operator’s stock valued at $288,000 after buying an additional 53,698 shares during the last quarter. Kennedy Capital Management Inc. increased its position in shares of 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 valued at $3,270,000 after buying an additional 64,855 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Bravo Brio Restaurant Group during the fourth quarter valued at approximately $216,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Bravo Brio Restaurant Group during the fourth quarter valued at approximately $125,000. 58.47% of the stock is owned by institutional investors.

Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) traded down 1.67% on Thursday, hitting $2.95. 20,829 shares of the company were exchanged. Bravo Brio Restaurant Group, Inc. has a 52 week low of $2.95 and a 52 week high of $5.30. The stock’s market capitalization is $44.83 million. The company has a 50 day moving average price of $3.97 and a 200-day moving average price of $4.46.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last announced its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.06. The company had revenue of $103.04 million for the quarter, compared to analysts’ expectations 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%. Bravo Brio Restaurant Group’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 EPS. 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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BBRG has been the subject of several research reports. Zacks Investment Research downgraded shares of Bravo Brio Restaurant Group from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. ValuEngine upgraded shares of Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $3.75 price objective (down from $5.00) on shares of Bravo Brio Restaurant Group in a research report on Wednesday.

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

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