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UPDATE: Miller Tabak Raises PT on Bravo Brio Restaurant Group on Private Fund Raising

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In a report published on Tuesday, Miller Tabak analyst Stephen Anderson raised the price target on Bravo Brio Restaurant Group (NASDAQ: BBRG) from $22 to $24 and maintained the rating of Buy on the company.

In the report, Miller Tabak noted, "...following news that a private equity fund known for past activism has raised its stake in the company and is seeking to increase shareholder value. We prefer not to comment on specific plans, but as we think BBRG has a valuation more akin to a more mature restaurant company than a high- growth one, we argue there is room for more substantial upside in the share price."

Bravo Brio Restaurant Group closed Monday at $17.99.

Latest Ratings for BBRG

DateFirmActionFromTo
Sep 2017DowngradesNeutralUnderweight
Aug 2016MaintainsHold
Feb 2016MaintainsHold

View More Analyst Ratings for BBRG
View the Latest Analyst Ratings

Posted-In: Bravo Brio Restaurant Group Miller Tabak & Co. NASDAQ Stephen AndersonAnalyst Color Price Target Analyst Ratings

 

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