Bravo Brio Restaurant Group (BBRG) Downgraded by ValuEngine

Bravo Brio Restaurant Group (NASDAQ:BBRG) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Monday, April 2nd.

Separately, Zacks Investment Research lowered Bravo Brio Restaurant Group from a “hold” rating to a “sell” rating in a research note on Wednesday, December 13th.

How to Become a New Pot Stock Millionaire

BBRG stock traded up $0.02 during trading on Monday, hitting $4.00. The company had a trading volume of 222,306 shares, compared to its average volume of 186,140. Bravo Brio Restaurant Group has a 1-year low of $1.65 and a 1-year high of $5.15. The stock has a market capitalization of $61.18, a PE ratio of 17.95 and a beta of 0.69.



Bravo Brio Restaurant Group (NASDAQ:BBRG) last announced its quarterly earnings data on Thursday, March 15th. The restaurant operator reported $0.12 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.02. Bravo Brio Restaurant Group had a negative return on equity of 15.00% and a negative net margin of 2.40%.

A number of hedge funds have recently bought and sold shares of the stock. Synovus Financial Corp lifted its stake in Bravo Brio Restaurant Group by 179.7% in the 4th quarter. Synovus Financial Corp now owns 342,511 shares of the restaurant operator’s stock valued at $852,000 after buying an additional 220,050 shares in the last quarter. Eagle Boston Investment Management Inc. raised its holdings in Bravo Brio Restaurant Group by 4.2% in 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 acquiring an additional 23,120 shares during the last quarter. Algert Global LLC raised its holdings in Bravo Brio Restaurant Group by 34.5% in the 3rd quarter. Algert Global LLC now owns 130,860 shares of the restaurant operator’s stock valued at $298,000 after acquiring an additional 33,570 shares during the last quarter. Macquarie Group Ltd. acquired a new position in Bravo Brio Restaurant Group in the 3rd quarter valued at $176,000. Finally, Northern Trust Corp raised its holdings in Bravo Brio Restaurant Group by 8.1% in the 2nd quarter. Northern Trust Corp now owns 53,474 shares of the restaurant operator’s stock valued at $246,000 after acquiring an additional 4,015 shares during the last quarter. 32.53% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Bravo Brio Restaurant Group (BBRG) Downgraded by ValuEngine” was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://stocknewstimes.com/2018/04/17/valuengine-downgrades-bravo-brio-restaurant-group-bbrg-to-hold.html.

Bravo Brio Restaurant Group Company Profile

Bravo Brio Restaurant Group, Inc owns and operates Italian restaurants in the United States. It operates full-service Italian restaurants under the BRAVO! Cucina Italiana brand name; Italian chophouse restaurants under the BRIO Tuscan Grille brand name; and full-service American-French bistro restaurant under the Bon Vie brand name.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Bravo Brio Restaurant Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bravo Brio Restaurant Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply