Eagle Asset Management Inc. lifted its stake in shares of Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) by 23.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 149,000 shares of the restaurant operator’s stock after purchasing an additional 28,052 shares during the quarter. Eagle Asset Management Inc. owned about 0.98% of Bravo Brio Restaurant Group worth $685,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of BBRG. Brandes Investment Partners LP raised its stake in shares of Bravo Brio Restaurant Group by 167.1% during the first quarter. Brandes Investment Partners LP now owns 30,339 shares of the restaurant operator’s stock valued at $155,000 after purchasing an additional 18,982 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Bravo Brio Restaurant Group by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 43,624 shares of the restaurant operator’s stock valued at $222,000 after purchasing an additional 1,377 shares in the last quarter. Winslow Asset Management Inc. raised its stake in shares of Bravo Brio Restaurant Group by 2.7% during the second quarter. Winslow Asset Management Inc. now owns 56,579 shares of the restaurant operator’s stock valued at $260,000 after purchasing an additional 1,500 shares in the last quarter. Sei Investments Co. raised its stake in shares of Bravo Brio Restaurant Group by 1,929.5% during the first quarter. Sei Investments Co. now owns 56,481 shares of the restaurant operator’s stock valued at $288,000 after purchasing an additional 53,698 shares in the last quarter. Finally, Spark Investment Management LLC raised its stake in shares of Bravo Brio Restaurant Group by 87.1% during the second quarter. Spark Investment Management LLC now owns 66,800 shares of the restaurant operator’s stock valued at $307,000 after purchasing an additional 31,100 shares in the last quarter. Institutional investors and hedge funds own 57.22% of the company’s stock.

Several equities research analysts have commented on BBRG shares. Zacks Investment Research upgraded shares of Bravo Brio Restaurant Group from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a research report on Wednesday, August 9th. Jefferies Group LLC reiterated a “hold” rating and issued a $3.75 price target (down from $5.00) on shares of Bravo Brio Restaurant Group in a research report on Wednesday, August 9th. 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, Piper Jaffray Companies cut shares of Bravo Brio Restaurant Group from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $5.00 to $2.00 in a research report on Thursday, September 7th.

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Shares of Bravo Brio Restaurant Group, Inc. (BBRG) opened at 2.50 on Tuesday. The company’s market capitalization is $37.99 million. The firm has a 50-day moving average of $3.01 and a 200 day moving average of $4.25. Bravo Brio Restaurant Group, Inc. has a 12 month low of $2.35 and a 12 month 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 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 business had revenue of $103.04 million for the quarter, compared to analyst estimates of $104.20 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, equities research analysts expect that Bravo Brio Restaurant Group, Inc. will post $0.26 earnings per share for the current fiscal year.

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.

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

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