Bravo Brio Restaurant Group, Inc. (BBRG) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) from a hold rating to a sell rating in a report published on Friday, November 3rd.

According to Zacks, “Bravo Brio Restaurant Group, Inc. is an owner and operator of two distinct Italian restaurant brands, BRAVO! Cucina Italiana and BRIO Tuscan Grille. BRAVO! Cucina Italiana is a full-service, upscale Italian restaurant offering a menu of freshly prepared classic Italian food. BRAVO offers variety of pasta dishes, steaks, chicken, seafood and pizzas. It also offers seasonal specials, an extensive wine list, carry-out and catering. BRIO Tuscan Grille is an upscale Italian chophouse restaurant serving authentic northern Italian food in a Tuscan Villa atmosphere. The cuisine at BRIO includes steaks, chops, fresh seafood and made-to-order pastas. BRIO also offers creative seasonal specials, an extensive wine list, and carry-out and banquet facilities at select locations. It also operates one full-service upscale American-French bistro restaurant in Columbus, Ohio under the brand Bon Vie. Bravo Brio Restaurant Group is based in Columbus, Ohio. “

Other equities analysts have also issued research reports about the company. Jefferies Group LLC reiterated a hold rating and issued a $3.75 target price (down previously from $5.00) on shares of Bravo Brio Restaurant Group in a research note on Wednesday, August 9th. ValuEngine upgraded Bravo Brio Restaurant Group from a sell rating to a hold rating in a research note on Tuesday, August 1st. Finally, Piper Jaffray Companies downgraded Bravo Brio Restaurant Group from a neutral rating to an underweight rating and lowered their price target for the stock from $5.00 to $2.00 in a report on Thursday, September 7th.

Bravo Brio Restaurant Group (BBRG) traded up $0.05 during mid-day trading on Friday, reaching $2.40. The company’s stock had a trading volume of 14,729 shares, compared to its average volume of 86,309. The stock has a market capitalization of $36.49, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 2.19 and a beta of 0.64. The company has a debt-to-equity ratio of -1.68, a quick ratio of 0.12 and a current ratio of 0.16. Bravo Brio Restaurant Group has a twelve month low of $1.65 and a twelve month high of $5.30.

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

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Several institutional investors have recently added to or reduced their stakes in BBRG. Macquarie Group Ltd. acquired a new stake in shares of Bravo Brio Restaurant Group during the third quarter worth about $176,000. Bank of New York Mellon Corp lifted its holdings in shares of Bravo Brio Restaurant Group by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 43,624 shares of the restaurant operator’s stock worth $222,000 after purchasing an additional 1,377 shares during the period. Northern Trust Corp lifted its holdings in Bravo Brio Restaurant Group by 8.1% in the second 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 during the period. Winslow Asset Management Inc. lifted its holdings in Bravo Brio Restaurant Group by 2.7% in the second quarter. Winslow Asset Management Inc. now owns 56,579 shares of the restaurant operator’s stock valued at $260,000 after acquiring an additional 1,500 shares during the period. Finally, Algert Global LLC lifted its holdings in Bravo Brio Restaurant Group by 34.5% in the third 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 during the period. 38.02% of the stock is owned by hedge funds and other institutional investors.

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.

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