Bravo Brio Restaurant Group Inc. (NASDAQ:BBRG) – Analysts at KeyCorp decreased their FY2016 earnings per share estimates for Bravo Brio Restaurant Group in a report issued on Friday. KeyCorp analyst C. O’cull now forecasts that the firm will earn $0.15 per share for the year, down from their previous forecast of $0.17. KeyCorp also issued estimates for Bravo Brio Restaurant Group’s Q4 2016 earnings at $0.10 EPS and FY2017 earnings at $0.25 EPS.

A number of other brokerages also recently issued reports on BBRG. Piper Jaffray Cos. reissued a “neutral” rating and issued a $7.00 price objective (down from $14.00) on shares of Bravo Brio Restaurant Group in a research note on Thursday, August 4th. Zacks Investment Research downgraded Bravo Brio Restaurant Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 27th. TheStreet downgraded Bravo Brio Restaurant Group from a “hold” rating to a “sell” rating in a research note on Monday, August 22nd. Finally, Jefferies Group reissued a “hold” rating on shares of Bravo Brio Restaurant Group in a research note on Friday, November 4th. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $8.67.

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

Bravo Brio Restaurant Group (NASDAQ:BBRG) opened at 3.65 on Monday. The firm has a 50-day moving average price of $4.50 and a 200-day moving average price of $6.15. Bravo Brio Restaurant Group has a 1-year low of $3.40 and a 1-year high of $11.01. The company’s market capitalization is $53.75 million.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last posted its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.14) by $0.02. The company earned $94.59 million during the quarter, compared to the consensus estimate of $92.33 million. Bravo Brio Restaurant Group had a negative net margin of 0.98% and a positive return on equity of 8.07%. The firm’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share.

A number of hedge funds have recently modified their holdings of the company. Heartland Advisors Inc. raised its stake in shares of Bravo Brio Restaurant Group by 6.5% in the second quarter. Heartland Advisors Inc. now owns 966,125 shares of the company’s stock worth $7,913,000 after buying an additional 59,150 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Bravo Brio Restaurant Group by 6.4% in the second quarter. Vanguard Group Inc. now owns 620,440 shares of the company’s stock worth $5,082,000 after buying an additional 37,510 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Bravo Brio Restaurant Group by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 535,662 shares of the company’s stock worth $4,387,000 after buying an additional 1,923 shares in the last quarter. Eagle Boston Investment Management Inc. raised its stake in shares of Bravo Brio Restaurant Group by 0.8% in the third quarter. Eagle Boston Investment Management Inc. now owns 508,065 shares of the company’s stock worth $2,428,000 after buying an additional 3,807 shares in the last quarter. Finally, Kennedy Capital Management Inc. raised its stake in shares of Bravo Brio Restaurant Group by 7.6% in the first quarter. Kennedy Capital Management Inc. now owns 478,403 shares of the company’s stock worth $3,708,000 after buying an additional 33,695 shares in the last quarter. 66.25% of the stock is owned by hedge funds and other institutional investors.

In other news, major shareholder Tac Capital Llc purchased 8,572 shares of the company’s stock in a transaction that occurred on Tuesday, September 27th. The shares were acquired at an average cost of $4.50 per share, with a total value of $38,574.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 7.50% of the company’s stock.

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.

5 Day Chart for NASDAQ:BBRG

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