$0.10 EPS Expected for Bravo Brio Restaurant Group, Inc. (BBRG) This Quarter

Brokerages expect Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) to post earnings per share of $0.10 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Bravo Brio Restaurant Group’s earnings. Bravo Brio Restaurant Group reported earnings of $0.12 per share during the same quarter last year, which indicates a negative year over year growth rate of 16.7%. The company is scheduled to issue its next earnings results on Tuesday, February 27th.

On average, analysts expect that Bravo Brio Restaurant Group will report full year earnings of $0.20 per share for the current financial year. For the next year, analysts forecast that the business will post earnings of $0.18 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Bravo Brio Restaurant Group.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last posted its earnings results on Wednesday, November 1st. The restaurant operator reported ($0.16) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.16). The company had revenue of $88.70 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period last year, the company posted ($0.16) earnings per share.

Several research firms recently weighed in on BBRG. Jefferies Group reaffirmed a “hold” rating and set a $2.50 target price on shares of Bravo Brio Restaurant Group in a research note on Friday, November 3rd. Zacks Investment Research lowered shares of Bravo Brio Restaurant Group from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th. Finally, ValuEngine lowered shares of Bravo Brio Restaurant Group from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st.

Bravo Brio Restaurant Group (NASDAQ:BBRG) traded down $0.05 on Wednesday, reaching $3.00. 67,200 shares of the company traded hands, compared to its average volume of 130,440. The stock has a market capitalization of $46.37, a PE ratio of -0.61 and a beta of 0.68. Bravo Brio Restaurant Group has a 52 week low of $1.65 and a 52 week 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.

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted 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 worth $2,671,000 after acquiring an additional 7,484 shares during the last quarter. Algert Global LLC lifted 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 worth $298,000 after acquiring an additional 33,570 shares during the last quarter. Macquarie Group Ltd. bought a new stake in shares of Bravo Brio Restaurant Group in the 3rd quarter worth about $176,000. Northern Trust Corp lifted 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 worth $246,000 after acquiring an additional 4,015 shares during the last quarter. Finally, Weber Alan W bought a new stake in shares of Bravo Brio Restaurant Group in the 3rd quarter worth about $450,000. Institutional investors and hedge funds own 34.60% of the company’s stock.

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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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