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

Zacks Investment Research downgraded shares of Bravo Brio Restaurant Group (NASDAQ:BBRG) from a hold rating to a sell rating in a report released on Monday 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 subject of several other reports. Jefferies Group reaffirmed a hold rating and set a $3.75 price target on shares of Bravo Brio Restaurant Group in a report on Tuesday, September 12th. Piper Jaffray Companies downgraded Bravo Brio Restaurant Group from a neutral rating to an underweight rating and decreased their price target for the stock from $5.00 to $2.00 in a report on Thursday, September 7th.

Shares of Bravo Brio Restaurant Group (BBRG) opened at $2.35 on Monday. The firm has a market capitalization of $38.01, a P/E ratio of -0.47, a PEG ratio of 2.52 and a beta of 0.69. Bravo Brio Restaurant Group has a fifty-two week low of $1.65 and a fifty-two 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.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last posted its quarterly earnings data 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 business had revenue of $88.70 million during the quarter, compared to the consensus estimate 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 was down 6.2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.16) earnings per share. sell-side analysts predict that Bravo Brio Restaurant Group will post 0.2 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Weber Alan W acquired a new stake in shares of Bravo Brio Restaurant Group during the third quarter worth $450,000. 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. Macquarie Group Ltd. acquired a new stake in Bravo Brio Restaurant Group in the third quarter valued at $176,000. Synovus Financial Corp lifted its holdings in Bravo Brio Restaurant Group by 22.5% in the second quarter. Synovus Financial Corp now owns 107,410 shares of the restaurant operator’s stock valued at $493,000 after acquiring an additional 19,747 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. 35.50% of the stock is owned by hedge funds and other institutional investors.

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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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