Bravo Brio Restaurant Group Downgraded by EVA Dimensions LLC to Underweight (BBRG)
Bravo Brio Restaurant Group (NASDAQ:BBRG) was downgraded by EVA Dimensions LLC from an “overweight” rating to an “underweight” rating in a research note issued on Tuesday, Analyst Ratings Network.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Piper Jaffray cut their price target on shares of Bravo Brio Restaurant Group from $13.00 to $12.00 in a research note on Thursday, February 6th. Analysts at Zacks upgraded shares of Bravo Brio Restaurant Group from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 7th. They now have a $16.30 price target on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Bravo Brio Restaurant Group presently has an average rating of “Hold” and an average price target of $17.46.
Shares of Bravo Brio Restaurant Group (NASDAQ:BBRG) traded up 7.23% during mid-day trading on Tuesday, hitting $15.57. The stock had a trading volume of 222,580 shares. Bravo Brio Restaurant Group has a 1-year low of $14.00 and a 1-year high of $19.10. The stock’s 50-day moving average is $15.06 and its 200-day moving average is $15.44. The company has a market cap of $303.1 million and a price-to-earnings ratio of 20.45.
Bravo Brio Restaurant Group (NASDAQ:BBRG) last issued its quarterly earnings data on Monday, February 24th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.02. The company had revenue of $106.10 million for the quarter, compared to the consensus estimate of $105.90 million. On average, analysts predict that Bravo Brio Restaurant Group will post $0.87 earnings per share for the current fiscal year.
Bravo Brio Restaurant Group, Inc is the owner and operator of two Italian restaurant brands, BRAVO! Cucina Italiana (NASDAQ:BBRG) and BRIO Tuscan Grille (BRIO).
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