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.
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.
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.
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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.
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