Bravo Brio Restaurant Group (BBRG) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Bravo Brio Restaurant Group (NASDAQ:BBRG) from a sell rating to a hold rating in a research report report published on Friday, November 17th.

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 research analysts have also recently weighed in on BBRG. ValuEngine upgraded shares of Bravo Brio Restaurant Group from a sell rating to a hold rating in a research note on Tuesday, August 1st. Jefferies Group reiterated a hold rating and issued a $3.75 price target (down previously from $5.00) on shares of Bravo Brio Restaurant Group in a research note on Wednesday, August 9th. Finally, Piper Jaffray Companies cut shares of Bravo Brio Restaurant Group from a neutral rating to an underweight rating and decreased their price target for the stock from $5.00 to $2.00 in a research note on Thursday, September 7th.

Shares of Bravo Brio Restaurant Group (NASDAQ:BBRG) traded up $0.05 during trading on Friday, hitting $2.17. 17,236 shares of the stock traded hands, compared to its average volume of 84,700. The stock has a market cap of $32.31, a PE ratio of 9.66, a PEG ratio of 1.98 and a beta of 0.69. 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.

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 for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.16). Bravo Brio Restaurant Group had a negative net margin of 18.32% and a negative return on equity of 16.41%. The business had revenue of $88.70 million for the quarter, compared to analysts’ expectations of $91.65 million. During the same quarter last year, the company posted ($0.16) EPS. The company’s revenue was down 6.2% compared to the same quarter last year. equities research analysts expect that Bravo Brio Restaurant Group will post 0.2 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of BBRG. Kennedy Capital Management Inc. grew its holdings in Bravo Brio Restaurant Group by 22.5% during the 2nd quarter. Kennedy Capital Management Inc. now owns 785,567 shares of the restaurant operator’s stock valued at $3,614,000 after purchasing an additional 144,383 shares during the last quarter. Winslow Asset Management Inc. grew 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 valued at $260,000 after purchasing an additional 1,500 shares during the last quarter. Weber Alan W bought a new position in Bravo Brio Restaurant Group during the 3rd quarter valued at about $450,000. Bank of New York Mellon Corp grew 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 valued at $222,000 after purchasing an additional 1,377 shares during the last quarter. Finally, Rice Hall James & Associates LLC grew its holdings in Bravo Brio Restaurant Group by 23.2% during the 2nd 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 last quarter. Hedge funds and other institutional investors own 35.50% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This report was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at https://www.dispatchtribunal.com/2017/12/04/zacks-investment-research-upgrades-bravo-brio-restaurant-group-inc-bbrg-to-hold.html.

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.

Get a free copy of the Zacks research report on Bravo Brio Restaurant Group (BBRG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Bravo Brio Restaurant Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bravo Brio Restaurant Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply