Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The brokerage currently has a $3.25 target price on the restaurant operator’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 8.33% from the stock’s current price.

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. “

Separately, ValuEngine raised shares of Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st.

Bravo Brio Restaurant Group (NASDAQ:BBRG) remained flat at $3.00 during trading on Wednesday. 116,200 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $4.10 and its 200 day moving average price is $4.47. The company’s market capitalization is $45.48 million. Bravo Brio Restaurant Group has a 52-week low of $3.00 and a 52-week high of $5.35.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last announced its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. The firm had revenue of $103.04 million for the quarter, compared to analyst estimates of $104.20 million. Bravo Brio Restaurant Group had a negative net margin of 18.18% and a negative return on equity of 137.99%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 earnings per share. Analysts anticipate that Bravo Brio Restaurant Group will post $0.26 EPS for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of BBRG. Bank of New York Mellon Corp increased its position in shares of Bravo Brio Restaurant Group by 3.3% in 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. Winslow Asset Management Inc. increased its position in 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 buying an additional 1,500 shares during the period. Eagle Boston Investment Management Inc. increased its position in Bravo Brio Restaurant Group by 2.4% in the second 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 during the period. Algert Global LLC increased its position in Bravo Brio Restaurant Group by 11.6% in the first quarter. Algert Global LLC now owns 128,490 shares of the restaurant operator’s stock valued at $655,000 after buying an additional 13,366 shares during the period. Finally, Rice Hall James & Associates LLC increased its position in Bravo Brio Restaurant Group by 10.0% in the first quarter. Rice Hall James & Associates LLC now owns 176,809 shares of the restaurant operator’s stock valued at $902,000 after buying an additional 16,141 shares during the period. Institutional investors and hedge funds own 58.47% of the company’s stock.

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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