Today: The Bravo Brio Restaurant Group Inc. (BBRG) Upgraded to Hold by Zacks Investment Research

The Bravo Brio Restaurant Group Inc. (BBRG) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Bravo Brio Restaurant Group Inc. (NASDAQ:BBRG) from a sell rating to a hold rating in a research note published on Tuesday morning.

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. “

Several other analysts have also recently commented on the stock. TheStreet cut shares of Bravo Brio Restaurant Group from a hold rating to a sell rating in a research note on Monday, August 22nd. Jefferies Group reaffirmed a hold rating on shares of Bravo Brio Restaurant Group in a research note on Tuesday, July 5th. Finally, Piper Jaffray Cos. reissued a neutral rating and set a $7.00 price objective (down from $14.00) on shares of Bravo Brio Restaurant Group in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has an average rating of Hold and an average price target of $8.67.

Shares of Bravo Brio Restaurant Group (NASDAQ:BBRG) remained flat at $4.83 during mid-day trading on Tuesday. 7,185 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $4.73 and a 200 day moving average price of $6.82. Bravo Brio Restaurant Group has a 1-year low of $4.35 and a 1-year high of $12.65. The firm’s market capitalization is $70.43 million.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last released its earnings results on Wednesday, August 3rd. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.18. The firm earned $105.20 million during the quarter, compared to analysts’ expectations of $111.31 million. Bravo Brio Restaurant Group had a positive return on equity of 13.48% and a negative net margin of 0.05%. The firm’s revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 earnings per share. On average, equities analysts forecast that Bravo Brio Restaurant Group will post $0.15 EPS for the current fiscal year.

In other Bravo Brio Restaurant Group news, major shareholder Tac Capital Llc purchased 8,572 shares of the firm’s stock in a transaction that occurred on Tuesday, September 27th. The stock was purchased at an average cost of $4.50 per share, with a total value of $38,574.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 7.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Aristotle Capital Boston LLC boosted its stake in shares of Bravo Brio Restaurant Group by 0.7% in the second quarter. Aristotle Capital Boston LLC now owns 372,647 shares of the company’s stock worth $3,052,000 after buying an additional 2,493 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of Bravo Brio Restaurant Group by 25.8% in the second quarter. Wedge Capital Management L L P NC now owns 144,140 shares of the company’s stock worth $1,181,000 after buying an additional 29,600 shares during the period. Paloma Partners Management Co acquired a new stake in shares of Bravo Brio Restaurant Group during the second quarter worth $506,000. Spark Investment Management LLC boosted its stake in shares of Bravo Brio Restaurant Group by 12.2% in the second quarter. Spark Investment Management LLC now owns 107,500 shares of the company’s stock worth $880,000 after buying an additional 11,700 shares during the period. Finally, Laurion Capital Management LP acquired a new stake in shares of Bravo Brio Restaurant Group during the second quarter worth $365,000. 74.59% of the stock is 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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