Bravo Brio Restaurant Group Inc. (BBRG) Shares Up 2.8%
Bravo Brio Restaurant Group Inc. (NASDAQ:BBRG)’s share price shot 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 research firms have recently issued reports on BBRG. TheStreet raised shares of Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 3rd. Zacks Investment Research downgraded shares of Bravo Brio Restaurant Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Jefferies Group dropped their price target on shares of Bravo Brio Restaurant Group from $9.00 to $7.00 and set a “hold” rating for the company in a research note on Thursday, August 4th. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating and set a $7.00 price target (down previously from $14.00) on shares of Bravo Brio Restaurant Group in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of $8.67.
The firm has a 50-day moving average price of $7.10 and a 200 day moving average price of $7.58. The stock’s market capitalization is $70.14 million.
Bravo Brio Restaurant Group (NASDAQ:BBRG) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.18. The business had revenue of $105.20 million for the quarter, compared to analyst estimates of $111.31 million. Bravo Brio Restaurant Group’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share. On average, analysts expect that Bravo Brio Restaurant Group Inc. will post $0.15 EPS for the current fiscal 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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