Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) – Equities researchers at Jefferies Group decreased their FY2017 earnings per share estimates for shares of Bravo Brio Restaurant Group in a report released on Thursday. Jefferies Group analyst A. Barish now expects that the restaurant operator will earn $0.19 per share for the year, down from their previous forecast of $0.26. Jefferies Group currently has a “Hold” rating and a $2.50 target price 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.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last announced its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported ($0.16) earnings per share (EPS) for the quarter, meeting 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 company had revenue of $88.70 million during the quarter, compared to analysts’ expectations of $91.65 million. During the same quarter in the prior year, the company earned ($0.16) EPS. The firm’s revenue was down 6.2% on a year-over-year basis.

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A number of other brokerages have also recently issued reports on BBRG. ValuEngine raised shares of Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research raised shares of Bravo Brio Restaurant Group from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a research note on Wednesday, August 9th. Finally, Piper Jaffray Companies cut shares of Bravo Brio Restaurant Group from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $5.00 to $2.00 in a research note on Thursday, September 7th.

Shares of Bravo Brio Restaurant Group (BBRG) opened at $1.95 on Monday. Bravo Brio Restaurant Group has a 12 month low of $1.80 and a 12 month high of $5.30. The stock has a market cap of $31.17, a price-to-earnings ratio of 9.32, a PEG ratio of 1.05 and a beta of 0.64. The company has a quick ratio of 0.12, a current ratio of 0.16 and a debt-to-equity ratio of -1.68.

Several institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in Bravo Brio Restaurant Group by 3.3% during the 1st quarter. Bank of New York Mellon Corp now owns 43,624 shares of the restaurant operator’s stock valued at $222,000 after buying an additional 1,377 shares during the period. Northern Trust Corp boosted its position 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 valued at $246,000 after buying an additional 4,015 shares during the period. Winslow Asset Management Inc. boosted its position in Bravo Brio Restaurant Group by 2.7% during the 2nd quarter. Winslow Asset Management Inc. now owns 56,579 shares of the restaurant operator’s stock valued at $260,000 after buying an additional 1,500 shares during the period. Spark Investment Management LLC boosted its position in Bravo Brio Restaurant Group by 87.1% during the 2nd quarter. Spark Investment Management LLC now owns 66,800 shares of the restaurant operator’s stock valued at $307,000 after buying an additional 31,100 shares during the period. Finally, Synovus Financial Corp boosted its position 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 valued at $493,000 after buying an additional 19,747 shares during the period. 43.85% of the stock is 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.

Earnings History and Estimates for Bravo Brio Restaurant Group (NASDAQ:BBRG)

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