Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) was up 0.2% during mid-day trading on Friday . The company traded as high as $4.05 and last traded at $4.02. Approximately 371,262 shares traded hands during mid-day trading, an increase of 158% from the average daily volume of 144,142 shares. The stock had previously closed at $4.03.
A number of equities research analysts have issued reports on BBRG shares. Zacks Investment Research raised shares of Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a report on Friday, November 17th. ValuEngine lowered shares of Bravo Brio Restaurant Group from a “buy” rating to a “hold” rating in a report on Sunday, December 31st.
The company has a market capitalization of $52.72, a P/E ratio of 15.76 and a beta of 0.90. The company has a current ratio of 0.16, a quick ratio of 0.12 and a debt-to-equity ratio of -1.68.
Institutional investors and hedge funds have recently made changes to their positions in the company. Eagle Boston Investment Management Inc. boosted its stake in shares of Bravo Brio Restaurant Group by 4.2% during the 4th quarter. Eagle Boston Investment Management Inc. now owns 571,399 shares of the restaurant operator’s stock valued at $1,428,000 after purchasing an additional 23,120 shares in the last quarter. Weber Alan W purchased a new position in Bravo Brio Restaurant Group in the third quarter worth about $450,000. Synovus Financial Corp raised its holdings in Bravo Brio Restaurant Group by 179.7% in the fourth quarter. Synovus Financial Corp now owns 342,511 shares of the restaurant operator’s stock worth $852,000 after buying an additional 220,050 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Bravo Brio Restaurant Group by 1.3% in the second quarter. Dimensional Fund Advisors LP now owns 580,539 shares of the restaurant operator’s stock worth $2,671,000 after buying an additional 7,484 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new position in Bravo Brio Restaurant Group in the third quarter worth about $176,000. 32.98% of the stock is currently owned by hedge funds and other institutional investors.
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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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