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

Zacks Investment Research lowered shares of Bravo Brio Restaurant Group (NASDAQ:BBRG) from a hold rating to a sell rating in a research report report published on Wednesday morning.

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. “

BBRG has been the topic of a number of other research reports. Jefferies Group reissued a hold rating and issued a $2.50 target price on shares of Bravo Brio Restaurant Group in a report on Friday, November 3rd. Piper Jaffray Companies lowered Bravo Brio Restaurant Group from a neutral rating to an underweight rating and dropped their target price for the company from $5.00 to $2.00 in a report on Thursday, September 7th.

Bravo Brio Restaurant Group (NASDAQ BBRG) opened at $2.22 on Wednesday. The stock has a market capitalization of $33.83, a P/E ratio of 10.11, a PEG ratio of 2.07 and a beta of 0.69. The company has a quick ratio of 0.12, a current ratio of 0.16 and a debt-to-equity ratio of -1.68. 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 released its earnings results on Wednesday, November 1st. The restaurant operator reported ($0.16) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.16). The business had revenue of $88.70 million for the quarter, compared to analyst estimates of $91.65 million. Bravo Brio Restaurant Group had a negative return on equity of 16.41% and a negative net margin of 18.32%. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.16) earnings per share. sell-side analysts forecast that Bravo Brio Restaurant Group will post 0.2 EPS for the current year.

Several institutional investors have recently bought and sold shares of BBRG. Kennedy Capital Management Inc. boosted its stake in shares of Bravo Brio Restaurant Group by 22.5% in the second quarter. Kennedy Capital Management Inc. now owns 785,567 shares of the restaurant operator’s stock valued at $3,614,000 after buying an additional 144,383 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Bravo Brio Restaurant Group in the third quarter valued at approximately $176,000. Rice Hall James & Associates LLC boosted its stake in shares of Bravo Brio Restaurant Group by 23.2% in the second quarter. Rice Hall James & Associates LLC now owns 217,829 shares of the restaurant operator’s stock valued at $1,002,000 after buying an additional 41,020 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Bravo Brio Restaurant Group by 7.6% in the first quarter. Dimensional Fund Advisors LP now owns 573,055 shares of the restaurant operator’s stock valued at $2,923,000 after buying an additional 40,338 shares in the last quarter. Finally, Algert Global LLC boosted its stake in shares of 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 buying an additional 33,570 shares in the last quarter. Hedge funds and other 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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