Bravo Brio Restaurant Group Inc. (BBRG) Sees Unusually-High Trading Volume
Shares of Bravo Brio Restaurant Group Inc. (NASDAQ:BBRG) saw unusually-strong trading volume on Wednesday . Approximately 171,035 shares changed hands during trading, an increase of 23% from the previous session’s volume of 138,748 shares.The stock last traded at $8.07 and had previously closed at $8.16.
A number of analysts have recently issued reports on BBRG shares. Zacks Investment Research raised shares of Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 26th. TheStreet raised shares of Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a report on Tuesday, May 3rd. Finally, Jefferies Group reissued a “hold” rating on shares of Bravo Brio Restaurant Group in a research note on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. Bravo Brio Restaurant Group has a consensus rating of “Hold” and a consensus target price of $12.00.
The firm has a market capitalization of $116.09 million and a price-to-earnings ratio of 28.42. The firm has a 50 day moving average of $8.10 and a 200-day moving average of $7.86.
Bravo Brio Restaurant Group (NASDAQ:BBRG) last announced its 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. During the same period in the prior year, the company posted $0.24 earnings per share. The business had revenue of $105.20 million for the quarter, compared to analyst estimates of $111.31 million. The company’s revenue was down 4.6% compared to the same quarter last year. On average, analysts anticipate that Bravo Brio Restaurant Group Inc. will post $0.66 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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