Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) – Jefferies Group lowered their FY2017 earnings per share estimates for Bravo Brio Restaurant Group in a research report issued on Thursday, Zacks Investment Research reports. Jefferies Group analyst A. Barish now forecasts that the restaurant operator will post earnings of $0.19 per share for the year, down from their previous estimate of $0.26. Jefferies Group has a “Hold” rating and a $2.50 price objective on the stock. Jefferies Group also issued estimates for Bravo Brio Restaurant Group’s Q4 2017 earnings at $0.09 EPS, Q1 2018 earnings at $0.15 EPS, Q2 2018 earnings at $0.14 EPS, Q3 2018 earnings at ($0.11) EPS, Q4 2018 earnings at $0.08 EPS and FY2018 earnings at $0.27 EPS.
BBRG has been the topic of several other research reports. ValuEngine raised shares of Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Finally, Piper Jaffray Companies lowered shares of Bravo Brio Restaurant Group from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $5.00 to $2.00 in a research report on Thursday, September 7th.
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Bravo Brio Restaurant Group (BBRG) traded up $0.05 on Monday, reaching $2.40. 14,729 shares of the company’s stock were exchanged, compared to its average volume of 86,309. The stock has a market cap of $36.49, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 2.19 and a beta of 0.64. The company has a debt-to-equity ratio of -1.68, a current ratio of 0.16 and a quick ratio of 0.12. Bravo Brio Restaurant Group has a twelve month low of $1.65 and a twelve month high of $5.30.
Bravo Brio Restaurant Group (NASDAQ:BBRG) last released its earnings results on Wednesday, November 1st. The restaurant operator reported ($0.16) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.16). Bravo Brio Restaurant Group had a negative net margin of 18.32% and a negative return on equity of 16.41%. The business had revenue of $88.70 million for the quarter, compared to analyst estimates of $91.65 million. During the same period last year, the company posted ($0.16) EPS. The business’s revenue was down 6.2% on a year-over-year basis.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Macquarie Group Ltd. purchased a new stake in Bravo Brio Restaurant Group in the third quarter valued at approximately $176,000. Bank of New York Mellon Corp raised its position in Bravo Brio Restaurant Group by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 43,624 shares of the restaurant operator’s stock valued at $222,000 after purchasing an additional 1,377 shares during the period. Northern Trust Corp raised its position in Bravo Brio Restaurant Group by 8.1% in 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. Winslow Asset Management Inc. raised its position in Bravo Brio Restaurant Group by 2.7% in the second quarter. Winslow Asset Management Inc. now owns 56,579 shares of the restaurant operator’s stock valued at $260,000 after purchasing an additional 1,500 shares during the period. Finally, Algert Global LLC raised its position in Bravo Brio Restaurant Group by 34.5% in 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. 38.02% of the stock is currently owned by institutional investors.
About Bravo Brio Restaurant Group
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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