Jefferies Lifts Numbers on Bravo Brio Restaurant (BBRG) After Q1 Beat

Jefferies boosted its price target on Bravo Brio Restaurant Group (NASDAQ: BBRG) from $24 to $26 after a Q1 EPS of $0.18, versus the firm's estimates of $0.16 and the consensus of $0.17, with upside from leverage on COGS and solid expense management as SSS remain very modest.

The firm trimmed Q2 EPS from $0.26 to $0.24 and maintained FY12 EPS of $0.95 and introduced FY13 EPS of $1.12.

For an analyst ratings summary and ratings history on Bravo Brio Restaurant Group click here. For more ratings news on Bravo Brio Restaurant Group click here.

Shares of Bravo Brio Restaurant Group closed at $20.60 yesterday.

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