Bravo Brio Restaurant (BBRG) Tops Q1 EPS by 3c

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Piper Jaffray Raises Target Price of Bravo Brio Restaurant (BBRG) as Restaurant Remains Favorable

May 5, 2015 7:59 AM EDT

Piper Jaffray reiterated a Neutral rating on Bravo Brio Restaurant (NASDAQ: BBRG) and raises its price target to $15 (from $13) after earnings were ahead of estimates. As BBRG remains favorable, Piper Jaffray feels their valuation and rating to be conservative in light of private equity interest.

PiperJaffray analyst Nicole Regan comments, "On a high level, the... More