Wells Fargo Resumes Coverage on Bravo Brio Restaurant Group (BBRG) at Market Perform; Unit Growth, But SSS Keeps Us Sidelined

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Wells Fargo resumes coverage on Bravo Brio Restaurant Group (NASDAQ: BBRG) with a Market Perform. PT range $21-22.

Analyst, Jeff Farmer, said, "We view BBRG as quality double-digit percentage unit
growth story, but the stock’s healthy valuation and our expectation for continued
very low single-digit same-store sales (SSS) growth keeps us on the sidelines."

"We are looking for 2012 EPS of $0.95 (up 24% yr/yr), just above the $0.94 Street estimate, and in the middle of the company’s $0.92-0.97 guidance range."

For an analyst ratings summary and ratings history on Bravo Brio Restaurant Group click here. For more ratings news on Bravo Brio Restaurant Group click here.

Shares of Bravo Brio Restaurant Group closed at $19.28 yesterday, with a 52 week range of $14.04-$25.16.

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