Bravo Brio Restaurant Group (BBRG) Lowered to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Bravo Brio Restaurant Group (NASDAQ:BBRG) from a hold rating to a sell rating in a research note issued to investors on Wednesday.

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. “

Several other equities analysts have also recently commented on BBRG. Jefferies Group reissued a hold rating and set a $3.75 target price on shares of Bravo Brio Restaurant Group in a research note on Tuesday, September 12th. Piper Jaffray Companies lowered shares of Bravo Brio Restaurant Group from a neutral rating to an underweight rating and reduced their price objective for the company from $5.00 to $2.00 in a research report on Thursday, September 7th.

Bravo Brio Restaurant Group (NASDAQ BBRG) traded down $0.05 during trading on Wednesday, reaching $2.20. 14,100 shares of the company’s stock traded hands, compared to its average volume of 83,411. The firm has a market cap of $34.21, a PE ratio of 10.23, a price-to-earnings-growth ratio of 2.10 and a beta of 0.69. 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 52-week low of $1.65 and a 52-week high of $5.30.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last released its earnings results on Wednesday, November 1st. The restaurant operator reported ($0.16) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.16). The firm had revenue of $88.70 million for 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 quarter last year, the company earned ($0.16) EPS. equities research analysts anticipate that Bravo Brio Restaurant Group will post 0.2 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. Kennedy Capital Management Inc. boosted its position in shares of Bravo Brio Restaurant Group by 22.5% during the 2nd quarter. Kennedy Capital Management Inc. now owns 785,567 shares of the restaurant operator’s stock valued at $3,614,000 after purchasing an additional 144,383 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Bravo Brio Restaurant Group by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 580,539 shares of the restaurant operator’s stock valued at $2,671,000 after purchasing an additional 7,484 shares in the last quarter. Eagle Boston Investment Management Inc. boosted its position in shares of Bravo Brio Restaurant Group by 2.4% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 548,713 shares of the restaurant operator’s stock valued at $2,524,000 after purchasing an additional 12,605 shares in the last quarter. Rice Hall James & Associates LLC boosted its position in shares of Bravo Brio Restaurant Group by 23.2% during the 2nd quarter. Rice Hall James & Associates LLC now owns 217,829 shares of the restaurant operator’s stock valued at $1,002,000 after purchasing an additional 41,020 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its position in shares of Bravo Brio Restaurant Group by 23.2% during the 2nd quarter. Eagle Asset Management Inc. now owns 149,000 shares of the restaurant operator’s stock valued at $685,000 after purchasing an additional 28,052 shares in the last quarter. Institutional investors own 35.50% of the company’s stock.

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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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