Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $2.53 and last traded at $2.50, with a volume of 143,326 shares changing hands. The stock had previously closed at $2.70.

Several equities analysts 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 research note on Tuesday, July 4th. Piper Jaffray Companies downgraded shares of Bravo Brio Restaurant Group from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $5.00 to $2.00 in a research note on Thursday. ValuEngine raised shares of Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Jefferies Group LLC reissued a “hold” rating and set a $3.75 price objective (down previously from $5.00) on shares of Bravo Brio Restaurant Group in a research note on Wednesday, August 9th.

The stock’s market cap is $35.71 million. The stock’s 50-day moving average is $3.03 and its 200 day moving average is $4.24.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last released its earnings results on Thursday, August 3rd. The restaurant operator reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.06. The business had revenue of $103.04 million for the quarter, compared to the consensus estimate of $104.20 million. Bravo Brio Restaurant Group had a negative net margin of 18.18% and a negative return on equity of 137.99%. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. On average, analysts forecast that Bravo Brio Restaurant Group, Inc. will post $0.26 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in BBRG. Addison Clark Management L.L.C. increased its position in shares of Bravo Brio Restaurant Group by 396.0% in the first quarter. Addison Clark Management L.L.C. now owns 786,235 shares of the restaurant operator’s stock worth $4,010,000 after acquiring an additional 627,710 shares in the last quarter. Kennedy Capital Management Inc. increased its position in shares of Bravo Brio Restaurant Group by 22.5% in the second quarter. Kennedy Capital Management Inc. now owns 785,567 shares of the restaurant operator’s stock worth $3,614,000 after acquiring an additional 144,383 shares in the last quarter. Eagle Asset Management Inc. purchased a new position in shares of Bravo Brio Restaurant Group in the first quarter worth approximately $616,000. Sei Investments Co. increased its position in shares of Bravo Brio Restaurant Group by 1,929.5% in the first quarter. Sei Investments Co. now owns 56,481 shares of the restaurant operator’s stock worth $288,000 after acquiring an additional 53,698 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its position in shares of Bravo Brio Restaurant Group by 23.2% in the second quarter. Rice Hall James & Associates LLC now owns 217,829 shares of the restaurant operator’s stock worth $1,002,000 after acquiring an additional 41,020 shares in the last quarter. 57.22% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Bravo Brio Restaurant Group, Inc. (BBRG) Sets New 52-Week Low at $2.53” was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright legislation. The original version of this article can be viewed at https://www.dailypolitical.com/2017/09/09/bravo-brio-restaurant-group-inc-bbrg-sets-new-52-week-low-at-2-53-2.html.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.