Shares of Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) were up 9.1% during mid-day trading on Friday . The company traded as high as $3.05 and last traded at $3.00. Approximately 537,021 shares traded hands during trading, an increase of 284% from the average daily volume of 139,785 shares. The stock had previously closed at $2.75.

A number of analysts recently issued reports on BBRG shares. Zacks Investment Research cut Bravo Brio Restaurant Group from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. ValuEngine cut Bravo Brio Restaurant Group from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Jefferies Group reissued a “hold” rating and set a $2.50 price objective on shares of Bravo Brio Restaurant Group in a report on Friday, November 3rd.

The firm has a market capitalization of $44.78, a price-to-earnings ratio of -0.60 and a beta of 0.68. The company has a debt-to-equity ratio of -1.68, a current ratio of 0.16 and a quick ratio of 0.12.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last issued its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported ($0.16) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.16). The business had revenue of $88.70 million for the quarter, compared to analysts’ expectations of $91.65 million. Bravo Brio Restaurant Group had a negative return on equity of 16.41% and a negative net margin of 18.32%. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.16) EPS. equities analysts forecast that Bravo Brio Restaurant Group, Inc. will post 0.2 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of BBRG. Northern Trust Corp raised its holdings in shares of 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Bravo Brio Restaurant Group by 1.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 580,539 shares of the restaurant operator’s stock valued at $2,671,000 after acquiring an additional 7,484 shares in the last quarter. Weber Alan W purchased a new stake in shares of Bravo Brio Restaurant Group in the 3rd quarter valued at about $450,000. Algert Global LLC raised its holdings in shares of 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 in the last quarter. Finally, Macquarie Group Ltd. purchased a new stake in shares of Bravo Brio Restaurant Group in the 3rd quarter valued at about $176,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

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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.

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