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

BBRG has been the subject of a number of other research reports. Jefferies Group LLC reaffirmed a “hold” rating and set a $3.75 price objective on shares of Bravo Brio Restaurant Group in a research report on Tuesday, September 12th. Piper Jaffray Companies cut shares of Bravo Brio Restaurant Group from a “neutral” rating to an “underweight” rating and lowered their price objective for the stock from $5.00 to $2.00 in a research report on Thursday, September 7th. Finally, ValuEngine raised shares of Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st.

Bravo Brio Restaurant Group (BBRG) traded up 2.151% during mid-day trading on Wednesday, hitting $2.375. 114,896 shares of the stock traded hands. Bravo Brio Restaurant Group has a 12 month low of $2.25 and a 12 month high of $5.30. The stock has a 50-day moving average price of $2.60 and a 200-day moving average price of $3.98. The stock’s market cap is $36.09 million.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last posted its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.06. The firm had revenue of $103.04 million during the quarter, compared to analysts’ expectations of $104.20 million. Bravo Brio Restaurant Group had a negative net margin of 18.18% and a negative return on equity of 137.99%. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the company posted $0.06 EPS. On average, equities analysts forecast that Bravo Brio Restaurant Group will post $0.26 earnings per share for the current year.

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A number of institutional investors have recently added to or reduced their stakes in BBRG. Bank of New York Mellon Corp lifted its holdings in Bravo Brio Restaurant Group by 3.3% during the 1st 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. Northern Trust Corp lifted its holdings in Bravo Brio Restaurant Group by 8.1% during the 2nd 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. lifted its holdings in Bravo Brio Restaurant Group by 2.7% during the 2nd 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. Sei Investments Co. lifted its holdings in Bravo Brio Restaurant Group by 1,929.5% during the 1st 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. Finally, Spark Investment Management LLC lifted its holdings in Bravo Brio Restaurant Group by 87.1% during the 2nd quarter. Spark Investment Management LLC now owns 66,800 shares of the restaurant operator’s stock worth $307,000 after buying an additional 31,100 shares in the last quarter. Institutional investors own 57.22% of the company’s stock.

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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