Spark Investment Management LLC raised its stake in Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) by 87.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,800 shares of the restaurant operator’s stock after buying an additional 31,100 shares during the period. Spark Investment Management LLC’s holdings in Bravo Brio Restaurant Group were worth $307,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Addison Clark Management L.L.C. increased its position 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 valued at $4,010,000 after buying an additional 627,710 shares during the last quarter. Heartland Advisors Inc. increased its position in shares of Bravo Brio Restaurant Group by 19.0% in the first quarter. Heartland Advisors Inc. now owns 1,148,375 shares of the restaurant operator’s stock valued at $5,857,000 after buying an additional 183,400 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in shares of Bravo Brio Restaurant Group during the first quarter valued at $616,000. 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. Finally, Renaissance Technologies LLC acquired a new position in shares of Bravo Brio Restaurant Group during the fourth quarter valued at $216,000. 58.63% of the stock is owned by institutional investors and hedge funds.

Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) opened at 2.95 on Tuesday. The firm’s market capitalization is $44.83 million. The company has a 50-day moving average price of $3.83 and a 200 day moving average price of $4.44. Bravo Brio Restaurant Group, Inc. has a 1-year low of $2.80 and a 1-year high of $5.30.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last posted its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.13 earnings per share for the quarter, beating the Zacks’ 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 the consensus estimate of $104.20 million. During the same period in the previous year, the business earned $0.06 earnings per share. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. 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 analyst reports. Zacks Investment Research downgraded Bravo Brio Restaurant Group from a “buy” rating to a “hold” rating in a research note on Friday, May 5th. ValuEngine raised Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $3.75 target price (down from $5.00) on shares of Bravo Brio Restaurant Group in a research note on Wednesday, August 9th.

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

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