Bravo Brio Restaurant Group (NASDAQ:BBRG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released 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. “

Other equities research analysts also recently issued reports about the stock. Jefferies Group reissued a “hold” rating and set a $3.75 target price (down from $5.00) on shares of Bravo Brio Restaurant Group in a research report on Wednesday, August 9th. Piper Jaffray Companies cut shares of Bravo Brio Restaurant Group from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $5.00 to $2.00 in a report on Thursday, September 7th.

Shares of Bravo Brio Restaurant Group (NASDAQ:BBRG) traded up $0.13 during midday trading on Wednesday, reaching $2.30. 35,900 shares of the company were exchanged, compared to its average volume of 84,491. Bravo Brio Restaurant Group has a fifty-two week low of $1.65 and a fifty-two week high of $5.30. The company has a market capitalization of $33.07, a P/E ratio of 9.89, a PEG ratio of 2.03 and a beta of 0.69. The company has a debt-to-equity ratio of -1.68, a current ratio of 0.16 and a quick ratio of 0.12.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last posted its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported ($0.16) earnings per share for the quarter, meeting the 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 firm had revenue of $88.70 million during the quarter, compared to the consensus estimate 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. analysts anticipate that Bravo Brio Restaurant Group will post 0.2 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BBRG. Kennedy Capital Management Inc. lifted its stake in shares of 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 buying an additional 144,383 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Bravo Brio Restaurant Group by 1.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 580,539 shares of the restaurant operator’s stock valued at $2,671,000 after buying an additional 7,484 shares in the last quarter. Eagle Boston Investment Management Inc. lifted its stake in shares of Bravo Brio Restaurant Group by 2.4% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 548,713 shares of the restaurant operator’s stock valued at $2,524,000 after buying an additional 12,605 shares in the last quarter. Rice Hall James & Associates LLC lifted its stake in shares of 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 buying an additional 41,020 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its stake in shares of Bravo Brio Restaurant Group by 23.2% during the 2nd quarter. Eagle Asset Management Inc. now owns 149,000 shares of the restaurant operator’s stock valued at $685,000 after buying an additional 28,052 shares in the last quarter. Hedge funds and other institutional investors own 35.50% of the company’s stock.

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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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