Bravo Brio Restaurant Group Inc. (BBRG) Trading Up 2.8%
Shares of Bravo Brio Restaurant Group Inc. (NASDAQ:BBRG) were up 2.8% during mid-day trading on Friday . The stock traded as high as $4.88 and last traded at $4.81, with a volume of 183,546 shares trading hands. The stock had previously closed at $4.68.
Several analysts recently issued reports on BBRG shares. Zacks Investment Research raised shares of Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th. Jefferies Group reissued a “hold” rating on shares of Bravo Brio Restaurant Group in a research report on Tuesday, July 5th. Piper Jaffray Cos. reissued a “neutral” rating and issued a $7.00 price target (down previously from $14.00) on shares of Bravo Brio Restaurant Group in a research report on Thursday, August 4th. Finally, TheStreet raised shares of Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $8.67.
The company’s market cap is $70.14 million. The firm’s 50-day moving average is $7.10 and its 200 day moving average is $7.58.
Bravo Brio Restaurant Group (NASDAQ:BBRG) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.18. During the same period in the prior year, the firm earned $0.24 EPS. The business earned $105.20 million during the quarter, compared to analysts’ expectations of $111.31 million. The business’s revenue was down 4.6% on a year-over-year basis. On average, equities analysts anticipate that Bravo Brio Restaurant Group Inc. will post $0.15 earnings per share for the current year.
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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