Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) Lifted to “Hold” at Zacks Investment Research
Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
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. “
Shares of Bravo Brio Restaurant Group (NASDAQ BBRG) remained flat at $4.60 during mid-day trading on Tuesday. The stock had a trading volume of 69,765 shares. The company’s 50 day moving average price is $4.61 and its 200-day moving average price is $4.48. Bravo Brio Restaurant Group has a 12-month low of $3.40 and a 12-month high of $8.68. The stock’s market capitalization is $69.73 million.
Bravo Brio Restaurant Group (NASDAQ:BBRG) last posted its quarterly earnings data on Tuesday, May 2nd. The restaurant operator reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The firm had revenue of $106.72 million during the quarter, compared to the consensus estimate of $109.07 million. Bravo Brio Restaurant Group had a positive return on equity of 14.92% and a negative net margin of 18.72%. On average, analysts expect that Bravo Brio Restaurant Group will post $0.24 earnings per share for the current year.
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A number of large investors have recently bought and sold shares of BBRG. Brandes Investment Partners LP raised its stake in Bravo Brio Restaurant Group by 167.1% in the first quarter. Brandes Investment Partners LP now owns 30,339 shares of the restaurant operator’s stock worth $155,000 after buying an additional 18,982 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Bravo Brio Restaurant Group during the fourth quarter worth $125,000. First Financial Bank N.A. Trust Division raised its position in shares of Bravo Brio Restaurant Group by 1.5% in the first quarter. First Financial Bank N.A. Trust Division now owns 37,420 shares of the restaurant operator’s stock worth $191,000 after buying an additional 557 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Bravo Brio Restaurant Group by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 43,624 shares of the restaurant operator’s stock worth $222,000 after buying an additional 1,377 shares in the last quarter. Finally, Sei Investments Co. raised its position in shares of Bravo Brio Restaurant Group by 1,929.5% in the first quarter. Sei Investments Co. now owns 56,481 shares of the restaurant operator’s stock worth $288,000 after buying an additional 53,698 shares in the last quarter. 58.74% of the stock is currently owned by hedge funds and other institutional investors.
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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