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

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. “

A number of other equities analysts also recently commented on the company. Piper Jaffray Companies downgraded Bravo Brio Restaurant Group from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $5.00 to $2.00 in a report on Thursday, September 7th. Jefferies Group LLC restated a “hold” rating and issued a $3.75 price objective on shares of Bravo Brio Restaurant Group in a report on Tuesday, September 12th. Finally, ValuEngine upgraded Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st.

Shares of Bravo Brio Restaurant Group (NASDAQ:BBRG) traded up $0.05 during trading hours on Friday, reaching $2.05. The company’s stock had a trading volume of 41,664 shares, compared to its average volume of 73,119. The stock has a market capitalization of $31.55 million, a price-to-earnings ratio of 9.43 and a beta of 0.64.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last issued its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported ($0.16) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.16). The firm had revenue of $88.70 million for the quarter, compared to analyst estimates of $91.65 million. Bravo Brio Restaurant Group had a negative return on equity of 16.51% and a negative net margin of 18.32%. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period last year, the company earned ($0.16) EPS. analysts expect that Bravo Brio Restaurant Group will post 0.22 earnings per share for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in BBRG. Acadian Asset Management raised its holdings in shares of Bravo Brio Restaurant Group by 2.5% in the 4th quarter. Acadian Asset Management now owns 611,034 shares of the restaurant operator’s stock worth $5,500,000 after purchasing an additional 14,736 shares during the period. Rice Hall James & Associates LLC raised its holdings in shares of Bravo Brio Restaurant Group by 31.1% during the 4th quarter. Rice Hall James & Associates LLC now owns 474,947 shares of the restaurant operator’s stock valued at $4,275,000 after buying an additional 112,696 shares during the period. Strs Ohio raised its holdings in shares of Bravo Brio Restaurant Group by 5.6% during the 4th quarter. Strs Ohio now owns 355,300 shares of the restaurant operator’s stock valued at $3,197,000 after buying an additional 18,900 shares during the period. TFS Capital LLC raised its holdings in shares of Bravo Brio Restaurant Group by 28.6% during the 4th quarter. TFS Capital LLC now owns 204,813 shares of the restaurant operator’s stock valued at $1,843,000 after buying an additional 45,537 shares during the period. Finally, California State Teachers Retirement System raised its holdings in shares of Bravo Brio Restaurant Group by 1.7% during the 4th quarter. California State Teachers Retirement System now owns 28,157 shares of the restaurant operator’s stock valued at $253,000 after buying an additional 466 shares during the period. Institutional investors own 50.69% of the company’s stock.

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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