Bravo Brio Restaurant Group (NASDAQ:BBRG) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Sunday.

A number of other research analysts have also issued reports on the company. Zacks Investment Research lowered Bravo Brio Restaurant Group from a “hold” rating to a “sell” rating in a report on Monday, December 25th. Jefferies Group restated a “hold” rating and set a $2.50 price objective on shares of Bravo Brio Restaurant Group in a research report on Friday, November 3rd. Finally, Piper Jaffray Companies lowered Bravo Brio Restaurant Group from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $5.00 to $2.00 in a research report on Thursday, September 7th.

Bravo Brio Restaurant Group (NASDAQ:BBRG) traded up $0.15 during trading hours on Friday, reaching $2.50. The company had a trading volume of 82,456 shares, compared to its average volume of 65,577. The firm has a market capitalization of $38.01, a price-to-earnings ratio of -0.51, a P/E/G ratio of 2.27 and a beta of 0.69. Bravo Brio Restaurant Group has a 1 year low of $1.65 and a 1 year high of $5.30. The company has a current ratio of 0.16, a quick ratio of 0.12 and a debt-to-equity ratio of -1.68.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last released its earnings results on Wednesday, November 1st. The restaurant operator reported ($0.16) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.16). The firm had revenue of $88.70 million for the quarter, compared to analyst estimates of $91.65 million. Bravo Brio Restaurant Group had a negative return on equity of 16.41% and a negative net margin of 18.32%. Bravo Brio Restaurant Group’s revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.16) earnings per share. equities analysts anticipate that Bravo Brio Restaurant Group will post 0.2 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Macquarie Group Ltd. acquired a new stake in shares of Bravo Brio Restaurant Group during the 3rd quarter valued at about $176,000. Northern Trust Corp increased its position in shares of Bravo Brio Restaurant Group by 8.1% during the second quarter. Northern Trust Corp now owns 53,474 shares of the restaurant operator’s stock valued at $246,000 after purchasing an additional 4,015 shares during the period. Algert Global LLC increased its position in shares of Bravo Brio Restaurant Group by 34.5% during the third quarter. Algert Global LLC now owns 130,860 shares of the restaurant operator’s stock valued at $298,000 after purchasing an additional 33,570 shares during the period. Weber Alan W bought a new stake in shares of Bravo Brio Restaurant Group during the third quarter valued at approximately $450,000. Finally, Synovus Financial Corp increased its position in shares of Bravo Brio Restaurant Group by 22.5% during the second quarter. Synovus Financial Corp now owns 107,410 shares of the restaurant operator’s stock valued at $493,000 after purchasing an additional 19,747 shares during the period. Hedge funds and other institutional investors own 35.50% of the company’s stock.

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Bravo Brio Restaurant Group Company Profile

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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