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

BBRG has been the topic of several other reports. Jefferies Group LLC reissued a “hold” rating and set a $2.50 price objective on shares of Bravo Brio Restaurant Group in a research note on Friday, November 3rd. Piper Jaffray Companies cut Bravo Brio Restaurant Group from a “neutral” rating to an “underweight” rating and reduced their price objective for the stock from $5.00 to $2.00 in a research note on Thursday, September 7th. Finally, ValuEngine raised Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st.

Shares of Bravo Brio Restaurant Group (NASDAQ:BBRG) traded up $0.10 during mid-day trading on Friday, hitting $2.45. The stock had a trading volume of 82,361 shares, compared to its average volume of 86,775. Bravo Brio Restaurant Group has a 1 year low of $1.65 and a 1 year high of $5.30. The company has a quick ratio of 0.12, a current ratio of 0.16 and a debt-to-equity ratio of -1.68. The company has a market capitalization of $34.97, a PE ratio of 10.45, a price-to-earnings-growth ratio of 2.14 and a beta of 0.64.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last issued its earnings results on Wednesday, November 1st. The restaurant operator reported ($0.16) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.16). Bravo Brio Restaurant Group had a negative return on equity of 16.41% and a negative net margin of 18.32%. The firm had revenue of $88.70 million for the quarter, compared to analysts’ expectations of $91.65 million. During the same period in the previous year, the firm posted ($0.16) earnings per share. The business’s revenue was down 6.2% compared to the same quarter last year. research analysts forecast that Bravo Brio Restaurant Group will post 0.2 EPS for the current fiscal year.

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Large investors have recently made changes to their positions in the business. Kennedy Capital Management Inc. boosted its position in shares of Bravo Brio Restaurant Group by 22.5% during the second quarter. Kennedy Capital Management Inc. now owns 785,567 shares of the restaurant operator’s stock valued at $3,614,000 after buying an additional 144,383 shares during the period. Winslow Asset Management Inc. boosted its holdings in shares of 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 valued at $260,000 after purchasing an additional 1,500 shares during the period. Rice Hall James & Associates LLC boosted its holdings in shares of Bravo Brio Restaurant Group by 23.2% in the second quarter. Rice Hall James & Associates LLC now owns 217,829 shares of the restaurant operator’s stock valued at $1,002,000 after purchasing an additional 41,020 shares during the period. Bank of New York Mellon Corp lifted its holdings in Bravo Brio Restaurant Group by 3.3% during 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 during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Bravo Brio Restaurant Group by 7.6% during the first quarter. Dimensional Fund Advisors LP now owns 573,055 shares of the restaurant operator’s stock worth $2,923,000 after buying an additional 40,338 shares during the period. Institutional investors and hedge funds own 43.73% 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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