ValuEngine cut shares of Bravo Brio Restaurant Group (NASDAQ:BBRG) from a buy rating to a hold rating in a report released on Sunday.

A number of other analysts also recently weighed in on the company. Zacks Investment Research downgraded 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 issued a $2.50 price objective on shares of Bravo Brio Restaurant Group in a report on Friday, November 3rd. Finally, Piper Jaffray Companies downgraded Bravo Brio Restaurant Group from a neutral rating to an underweight rating and decreased their price objective for the company from $5.00 to $2.00 in a report on Thursday, September 7th.

Shares of Bravo Brio Restaurant Group (BBRG) opened at $2.55 on Friday. The firm has a market capitalization of $38.01, a price-to-earnings ratio of -0.52 and a beta of 0.68. Bravo Brio Restaurant Group has a 1-year low of $1.65 and a 1-year high of $5.30. The company has a quick ratio of 0.12, a current ratio of 0.16 and a debt-to-equity ratio of -1.68.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last posted its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported ($0.16) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.16). The business had revenue of $88.70 million during the quarter, compared to the consensus estimate 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 quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.16) earnings per share. equities analysts anticipate that Bravo Brio Restaurant Group will post 0.2 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of BBRG. Macquarie Group Ltd. acquired a new stake in Bravo Brio Restaurant Group during the 3rd quarter worth about $176,000. Northern Trust Corp grew its holdings in Bravo Brio Restaurant Group by 8.1% during the 2nd quarter. Northern Trust Corp now owns 53,474 shares of the restaurant operator’s stock worth $246,000 after acquiring an additional 4,015 shares during the period. Algert Global LLC grew its holdings in Bravo Brio Restaurant Group by 34.5% during the 3rd quarter. Algert Global LLC now owns 130,860 shares of the restaurant operator’s stock worth $298,000 after acquiring an additional 33,570 shares during the period. Weber Alan W acquired a new stake in Bravo Brio Restaurant Group during the 3rd quarter worth about $450,000. Finally, Synovus Financial Corp grew its holdings in Bravo Brio Restaurant Group by 22.5% during the 2nd quarter. Synovus Financial Corp now owns 107,410 shares of the restaurant operator’s stock worth $493,000 after acquiring 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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