Bravo Brio Restaurant Group Inc. (BBRG) Sees Unusually-High Trading Volume
Shares of Bravo Brio Restaurant Group Inc. (NASDAQ:BBRG) saw an uptick in trading volume on Friday . 187,367 shares changed hands during mid-day 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.
Several brokerages have issued reports on BBRG. Jefferies Group reissued a “hold” rating on shares of Bravo Brio Restaurant Group in a report on Tuesday, July 5th. Zacks Investment Research raised shares of Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a report on Monday, July 4th. Finally, TheStreet raised shares of Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 3rd. Five research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average price target of $12.00.
The stock has a market cap of $119.32 million and a price-to-earnings ratio of 29.21. The firm has a 50 day moving average of $8.05 and a 200-day moving average of $7.86.
Bravo Brio Restaurant Group (NASDAQ:BBRG) last released its earnings results on Monday, May 2nd. The company reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The firm earned $108.80 million during the quarter, compared to the consensus estimate of $110.33 million. During the same period in the prior year, the business posted $0.16 earnings per share. Bravo Brio Restaurant Group’s quarterly revenue was up .6% compared to the same quarter last year. On average, equities research analysts expect that Bravo Brio Restaurant Group Inc. will post $0.66 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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