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. “
A number of other equities analysts have also weighed in on the company. Jefferies Group reissued a hold rating on shares of Bravo Brio Restaurant Group in a research note on Tuesday, July 5th. Piper Jaffray Cos. reissued a neutral rating and set a $7.00 price objective (down previously from $14.00) on shares of Bravo Brio Restaurant Group in a research note on Thursday, August 4th. Finally, TheStreet lowered Bravo Brio Restaurant Group from a hold rating to a sell rating in a research note on Monday, August 22nd. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Bravo Brio Restaurant Group has an average rating of Hold and an average target price of $8.67.
Shares of Bravo Brio Restaurant Group (NASDAQ:BBRG) opened at 4.81 on Tuesday. The firm has a 50-day moving average price of $4.73 and a 200-day moving average price of $6.76. Bravo Brio Restaurant Group has a 1-year low of $4.35 and a 1-year high of $12.65. The stock’s market cap is $70.14 million.
Bravo Brio Restaurant Group (NASDAQ:BBRG) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.18. Bravo Brio Restaurant Group had a positive return on equity of 13.48% and a negative net margin of 0.05%. The firm had revenue of $105.20 million for the quarter, compared to analysts’ expectations of $111.31 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. Equities analysts forecast that Bravo Brio Restaurant Group will post $0.15 EPS for the current year.
In other Bravo Brio Restaurant Group news, major shareholder Tac Capital Llc purchased 70,914 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The shares were acquired at an average price of $4.70 per share, with a total value of $333,295.80. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 7.50% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in BBRG. Brandes Investment Partners LP purchased a new position in Bravo Brio Restaurant Group during the second quarter valued at about $104,000. Bank of Montreal Can purchased a new position in Bravo Brio Restaurant Group during the second quarter valued at about $144,000. Acrospire Investment Management LLC raised its position in Bravo Brio Restaurant Group by 68.6% in the second quarter. Acrospire Investment Management LLC now owns 20,481 shares of the company’s stock valued at $168,000 after buying an additional 8,331 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in Bravo Brio Restaurant Group during the second quarter valued at about $198,000. Finally, FMR LLC purchased a new position in Bravo Brio Restaurant Group during the second quarter valued at about $204,000. 74.59% of the stock is currently owned by institutional investors and hedge funds.
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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