Bravo Brio Restaurant Group (BBRG) Receiving Somewhat Favorable Media Coverage, Report Shows
News headlines about Bravo Brio Restaurant Group (NASDAQ:BBRG) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Bravo Brio Restaurant Group earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media stories about the restaurant operator an impact score of 45.2524173661843 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Bravo Brio Restaurant Group (NASDAQ:BBRG) traded down 2.08% during trading on Monday, hitting $2.35. 67,611 shares of the stock traded hands. The stock’s market cap is $35.71 million. The firm’s 50-day moving average is $2.80 and its 200 day moving average is $4.15. Bravo Brio Restaurant Group has a 52 week low of $2.25 and a 52 week high of $5.30.
Bravo Brio Restaurant Group (NASDAQ:BBRG) last released its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.06. Bravo Brio Restaurant Group had a negative return on equity of 137.99% and a negative net margin of 18.18%. The business had revenue of $103.04 million during the quarter, compared to analysts’ expectations of $104.20 million. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 earnings per share. Equities research analysts forecast that Bravo Brio Restaurant Group will post $0.26 earnings per share for the current fiscal year.
BBRG has been the subject of a number of recent analyst reports. Piper Jaffray Companies lowered shares of Bravo Brio Restaurant Group from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $5.00 to $2.00 in a research report on Thursday, September 7th. Zacks Investment Research upgraded shares of Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $3.75 target price (down previously from $5.00) on shares of Bravo Brio Restaurant Group in a research report on Wednesday, August 9th. Finally, ValuEngine upgraded shares of Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st.
About Bravo Brio Restaurant Group
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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