Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a 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. “

Separately, Jefferies Group reissued a “hold” rating on shares of Bravo Brio Restaurant Group in a research note on Tuesday, January 3rd.

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Shares of Bravo Brio Restaurant Group (NASDAQ:BBRG) traded down 2.70% during trading on Wednesday, reaching $3.60. 56,386 shares of the company were exchanged. The stock’s market capitalization is $53.01 million. The company has a 50 day moving average price of $4.01 and a 200-day moving average price of $5.26. Bravo Brio Restaurant Group has a one year low of $3.40 and a one year high of $9.21.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last posted its earnings results on Wednesday, November 2nd. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by $0.02. Bravo Brio Restaurant Group had a positive return on equity of 8.07% and a negative net margin of 0.98%. The business had revenue of $94.59 million for the quarter, compared to the consensus estimate of $92.33 million. During the same period in the previous year, the company posted $0.06 earnings per share. Bravo Brio Restaurant Group’s revenue for the quarter was down 3.8% compared to the same quarter last year. Equities analysts predict that Bravo Brio Restaurant Group will post $0.14 EPS for the current year.

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In other Bravo Brio Restaurant Group news, CFO James J. O’connor sold 47,057 shares of the company’s stock in a transaction that occurred on Monday, December 19th. The stock was sold at an average price of $4.04, for a total transaction of $190,110.28. Following the completion of the transaction, the chief financial officer now owns 170,007 shares of the company’s stock, valued at approximately $686,828.28. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Alton F. Doody III sold 61,029 shares of the company’s stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $3.95, for a total value of $241,064.55. Following the transaction, the director now directly owns 680,804 shares of the company’s stock, valued at approximately $2,689,175.80. The disclosure for this sale can be found here. Company insiders own 7.50% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in BBRG. Vanguard Group Inc. increased its position in Bravo Brio Restaurant Group by 6.4% in the second quarter. Vanguard Group Inc. now owns 620,440 shares of the company’s stock worth $5,082,000 after buying an additional 37,510 shares during the period. Dimensional Fund Advisors LP increased its stake in Bravo Brio Restaurant Group by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 535,662 shares of the company’s stock valued at $4,387,000 after buying an additional 1,923 shares during the last quarter. Eagle Boston Investment Management Inc. increased its stake in Bravo Brio Restaurant Group by 0.8% in the third quarter. Eagle Boston Investment Management Inc. now owns 508,065 shares of the company’s stock valued at $2,428,000 after buying an additional 3,807 shares during the last quarter. Morgan Stanley increased its stake in Bravo Brio Restaurant Group by 8.2% in the third quarter. Morgan Stanley now owns 224,817 shares of the company’s stock valued at $1,075,000 after buying an additional 16,989 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its stake in Bravo Brio Restaurant Group by 131.2% in the third quarter. D. E. Shaw & Co. Inc. now owns 208,060 shares of the company’s stock valued at $995,000 after buying an additional 118,075 shares during the last quarter. 58.19% of the stock is owned by hedge funds and other institutional investors.

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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