Zacks Investment Research lowered shares of Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) from a buy rating to a hold rating in a research 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 analysts have also issued research reports about the company. Jefferies Group LLC reaffirmed 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. ValuEngine raised Bravo Brio Restaurant Group from a sell rating to a hold rating in a research note on Tuesday, August 1st. Finally, Piper Jaffray Companies lowered Bravo Brio Restaurant Group from a neutral rating to an underweight rating and dropped their price target for the stock from $5.00 to $2.00 in a research note on Thursday, September 7th.

Bravo Brio Restaurant Group (NASDAQ:BBRG) traded up 2.04% during mid-day trading on Wednesday, hitting $2.50. 73,749 shares of the stock traded hands. The company has a 50-day moving average of $2.56 and a 200 day moving average of $3.94. The firm’s market capitalization is $37.99 million. Bravo Brio Restaurant Group has a 1-year low of $2.25 and a 1-year high of $5.30.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last announced its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. Bravo Brio Restaurant Group had a negative return on equity of 137.99% and a negative net margin of 18.18%. The company had revenue of $103.04 million during the quarter, compared to analyst estimates of $104.20 million. During the same quarter last year, the firm posted $0.06 earnings per share. The firm’s revenue was down 2.1% on a year-over-year basis. On average, equities research analysts anticipate that Bravo Brio Restaurant Group will post $0.26 EPS for the current year.

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Institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its position 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 valued at $222,000 after buying an additional 1,377 shares during the period. Northern Trust Corp lifted its position in Bravo Brio Restaurant Group by 8.1% during the second quarter. Northern Trust Corp now owns 53,474 shares of the restaurant operator’s stock valued at $246,000 after buying an additional 4,015 shares during the period. Sei Investments Co. lifted its position in Bravo Brio Restaurant Group by 1,929.5% during the first quarter. Sei Investments Co. now owns 56,481 shares of the restaurant operator’s stock valued at $288,000 after buying an additional 53,698 shares during the period. Winslow Asset Management Inc. lifted its position in Bravo Brio Restaurant Group by 2.7% during the second quarter. Winslow Asset Management Inc. now owns 56,579 shares of the restaurant operator’s stock valued at $260,000 after buying an additional 1,500 shares during the period. Finally, Spark Investment Management LLC lifted its position in Bravo Brio Restaurant Group by 87.1% during the second quarter. Spark Investment Management LLC now owns 66,800 shares of the restaurant operator’s stock valued at $307,000 after buying an additional 31,100 shares during the period. 57.22% of the stock is owned by institutional investors and hedge funds.

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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