Bravo Brio Restaurant Group Inc. (NASDAQ:BBRG) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $4.46 and last traded at $4.46, with a volume of 97,112 shares traded. The stock had previously closed at $4.57.

Several research analysts have commented on BBRG shares. Zacks Investment Research raised Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research report on Tuesday, May 31st. Jefferies Group reaffirmed a “hold” rating on shares of Bravo Brio Restaurant Group in a research report on Tuesday, July 5th. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $7.00 price target (down from $14.00) on shares of Bravo Brio Restaurant Group in a research report on Thursday, August 4th. Finally, TheStreet downgraded Bravo Brio Restaurant Group from a “hold” rating to a “sell” rating in a research report on Monday, August 22nd. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $8.67.

The stock’s market cap is $66.35 million. The firm has a 50 day moving average of $4.88 and a 200 day moving average of $7.10.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.06 earnings per share for the quarter, missing the 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. Bravo Brio Restaurant Group had a positive return on equity of 13.48% and a negative net margin of 0.05%. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 earnings per share. On average, equities research analysts expect that Bravo Brio Restaurant Group Inc. will post $0.15 earnings per share for the current fiscal year.

In other news, major shareholder Tac Capital Llc acquired 300,052 shares of Bravo Brio Restaurant Group stock in a transaction dated Thursday, September 8th. The stock was bought at an average cost of $4.96 per share, with a total value of $1,488,257.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.50% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of BBRG. Brandes Investment Partners LP bought a new position in shares of Bravo Brio Restaurant Group during the second quarter valued at approximately $104,000. Bank of Montreal Can bought a new position in shares of Bravo Brio Restaurant Group during the second quarter valued at approximately $144,000. Acrospire Investment Management LLC boosted its position in shares of Bravo Brio Restaurant Group by 68.6% in the second quarter. Acrospire Investment Management LLC now owns 20,481 shares of the company’s stock valued at $168,000 after buying an additional 8,331 shares during the period. Goldman Sachs Group Inc. bought a new position in shares of Bravo Brio Restaurant Group during the first quarter valued at approximately $172,000. Finally, Daiwa Securities Group Inc. bought a new position in shares of Bravo Brio Restaurant Group during the second quarter valued at approximately $198,000. 74.59% of the stock is owned by institutional investors.

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.

5 Day Chart for NASDAQ:BBRG

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