Bravo Brio Restaurant Group Inc. (BBRG) Sees Large Volume Increase
Bravo Brio Restaurant Group Inc. (NASDAQ:BBRG) saw an uptick in trading volume on Friday . 187,367 shares traded hands during trading, a decline of 15% from the previous session’s volume of 221,003 shares.The stock last traded at $8.12 and had previously closed at $8.14.
A number of research firms have recently commented 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 lowered shares of Bravo Brio Restaurant Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 4th. Finally, Jefferies Group restated a “hold” rating on shares of Bravo Brio Restaurant Group in a research report on Tuesday, July 5th. Five analysts have rated the stock with a hold rating, Bravo Brio Restaurant Group presently has a consensus rating of “Hold” and an average target price of $12.00.
The firm has a 50-day moving average price of $8.03 and a 200-day moving average price of $7.87. The firm has a market cap of $119.32 million and a PE ratio of 29.21.
Bravo Brio Restaurant Group (NASDAQ:BBRG) last released its earnings results on Monday, May 2nd. The company reported $0.15 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. During the same quarter last year, the business posted $0.16 EPS. The firm earned $108.80 million during the quarter, compared to analyst estimates of $110.33 million. The firm’s revenue was up .6% on a year-over-year basis. Equities research analysts anticipate that Bravo Brio Restaurant Group Inc. will post $0.66 EPS for the current fiscal year.
A hedge fund recently raised its stake in Bravo Brio Restaurant Group stock. LSV Asset Management boosted its stake in Bravo Brio Restaurant Group Inc. (NASDAQ:BBRG) by 53.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 265,400 shares of the company’s stock after buying an additional 92,500 shares during the period. LSV Asset Management owned 1.75% of Bravo Brio Restaurant Group worth $2,388,000 at the end of the most recent quarter.
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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