Goldman Sachs Group Inc. cut its stake in Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) by 39.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,330 shares of the restaurant operator’s stock after selling 42,171 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.43% of Bravo Brio Restaurant Group worth $301,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Kennedy Capital Management Inc. lifted its stake in Bravo Brio Restaurant Group by 22.5% in the 2nd quarter. Kennedy Capital Management Inc. now owns 785,567 shares of the restaurant operator’s stock valued at $3,614,000 after buying an additional 144,383 shares in the last quarter. Winslow Asset Management Inc. lifted its stake in Bravo Brio Restaurant Group by 2.7% in 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 in the last quarter. Rice Hall James & Associates LLC lifted its stake in Bravo Brio Restaurant Group by 23.2% in the 2nd quarter. Rice Hall James & Associates LLC now owns 217,829 shares of the restaurant operator’s stock valued at $1,002,000 after buying an additional 41,020 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Bravo Brio Restaurant Group by 3.3% in 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 in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Bravo Brio Restaurant Group by 7.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 573,055 shares of the restaurant operator’s stock valued at $2,923,000 after buying an additional 40,338 shares in the last quarter. 43.73% of the stock is currently owned by hedge funds and other institutional investors.

Bravo Brio Restaurant Group, Inc. (BBRG) opened at $2.45 on Friday. The firm has a market cap of $34.97, a PE ratio of 10.45, a P/E/G ratio of 2.14 and a beta of 0.64. Bravo Brio Restaurant Group, Inc. has a 12 month low of $1.65 and a 12 month high of $5.30. The company has a quick ratio of 0.12, a current ratio of 0.16 and a debt-to-equity ratio of -1.68.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last issued its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported ($0.16) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.16). The firm had revenue of $88.70 million for the quarter, compared to analyst estimates of $91.65 million. Bravo Brio Restaurant Group had a negative net margin of 18.32% and a negative return on equity of 16.41%. Bravo Brio Restaurant Group’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period last year, the company posted ($0.16) EPS. equities analysts anticipate that Bravo Brio Restaurant Group, Inc. will post 0.2 earnings per share for the current fiscal year.

BBRG has been the topic of a number of research reports. Piper Jaffray Companies lowered shares of Bravo Brio Restaurant Group from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $5.00 to $2.00 in a research note on Thursday, September 7th. Zacks Investment Research lowered shares of Bravo Brio Restaurant Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $3.75 price target on shares of Bravo Brio Restaurant Group in a research note on Tuesday, September 12th. Finally, ValuEngine raised shares of Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st.

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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.

Institutional Ownership by Quarter for Bravo Brio Restaurant Group (NASDAQ:BBRG)

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