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

Bravo Brio Restaurant Group (NASDAQ:BBRG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued 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 research firms also recently weighed in on BBRG. Piper Jaffray Companies downgraded shares of Bravo Brio Restaurant Group from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $5.00 to $2.00 in a research note on Thursday, September 7th. Jefferies Group reaffirmed a “hold” rating and set a $3.75 price target on shares of Bravo Brio Restaurant Group in a research note on Tuesday, September 12th.

Bravo Brio Restaurant Group (BBRG) traded up $0.10 during trading on Wednesday, hitting $2.25. 37,400 shares of the stock traded hands, compared to its average volume of 83,686. 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 1 year low of $1.65 and a 1 year high of $5.30. The company has a market capitalization of $34.19, a P/E ratio of 9.77, a PEG ratio of 2.00 and a beta of 0.69.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last posted its quarterly earnings results 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). Bravo Brio Restaurant Group had a negative net margin of 18.32% and a negative return on equity of 16.41%. The firm had revenue of $88.70 million during the quarter, compared to the consensus estimate of $91.65 million. During the same quarter in the previous year, the firm posted ($0.16) earnings per share. The company’s revenue was down 6.2% on a year-over-year basis. research analysts expect that Bravo Brio Restaurant Group will post 0.2 earnings per share for the current year.

A number of large investors have recently modified their holdings of BBRG. Macquarie Group Ltd. bought a new position in Bravo Brio Restaurant Group in the third quarter worth approximately $176,000. Northern Trust Corp raised its stake 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 worth $246,000 after buying an additional 4,015 shares in the last quarter. Winslow Asset Management Inc. raised its stake 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 worth $260,000 after buying an additional 1,500 shares in the last quarter. Algert Global LLC raised its stake 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 worth $298,000 after buying an additional 33,570 shares in the last quarter. Finally, Weber Alan W bought a new position in Bravo Brio Restaurant Group in the third quarter worth approximately $450,000. 35.50% of the stock is owned by institutional investors.

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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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