Bravo Brio Restaurant (BBRG) Tops Q4 EPS by 4c; Issues Mixed Outlook
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Piper Jaffray Reiterates Neutral on Bravo Brio Restaurant (BBRG) Following Better-Than-Expected 4Q
February 24, 2016 9:44 AM ESTPiper Jaffray reiterated a Neutral rating on Bravo Brio Restaurant Group (NASDAQ: BBRG), and cut the price target to $14.00 (from $15.00), following the company's 4Q earnings report. Operating earnings came in at $0.23 per share, ahead of consensus at $0.19 on total revenues which increased 0.6% y/y to $107.3M. Results were partially driven by SSS of (5.2%) at Bravo and (4.3%) at... More
