Bravo Brio Restaurant Group Inc. (BBRG) Stock Price Up 3.1%
Bravo Brio Restaurant Group Inc. (NASDAQ:BBRG) shares rose 3.1% during mid-day trading on Thursday . The company traded as high as $4.71 and last traded at $4.68, with a volume of 75,920 shares traded. The stock had previously closed at $4.54.
Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 31st. TheStreet cut shares of Bravo Brio Restaurant Group from a “hold” rating to a “sell” rating in a research note on Monday, August 22nd. Jefferies Group restated a “hold” rating on shares of Bravo Brio Restaurant Group in a research note on Tuesday, July 5th. Finally, Piper Jaffray Cos. restated a “neutral” rating and set a $7.00 price objective (down from $14.00) on shares of Bravo Brio Restaurant Group in a research note on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.67.
The firm’s market capitalization is $67.22 million. The company’s 50 day moving average is $6.62 and its 200 day moving average is $7.46.
Bravo Brio Restaurant Group (NASDAQ:BBRG) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.18. The firm had revenue of $105.20 million for the quarter, compared to analyst estimates of $111.31 million. The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.24 earnings per share. On average, equities analysts predict 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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