Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) Sets New 12-Month Low at $2.94

Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) shares reached a new 52-week low on Thursday . The stock traded as low as $2.94 and last traded at $2.94, with a volume of 74,832 shares traded. The stock had previously closed at $3.00.

Several research firms have recently weighed in on BBRG. ValuEngine raised Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “hold” rating and set a $3.75 price objective (down from $5.00) on shares of Bravo Brio Restaurant Group in a research report on Wednesday. Finally, Zacks Investment Research raised Bravo Brio Restaurant Group from a “hold” rating to a “buy” rating and set a $3.25 price objective for the company in a research report on Wednesday.

The company’s 50-day moving average is $3.88 and its 200 day moving average is $4.44. The company’s market capitalization is $44.83 million.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last issued its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.06. The firm had revenue of $103.04 million during the quarter, compared to analyst estimates of $104.20 million. Bravo Brio Restaurant Group had a negative return on equity of 137.99% and a negative net margin of 18.18%. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 EPS. Equities analysts predict that Bravo Brio Restaurant Group, Inc. will post $0.26 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the company. Addison Clark Management L.L.C. raised its stake 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 buying an additional 627,710 shares in the last quarter. Heartland Advisors Inc. raised its stake in shares of Bravo Brio Restaurant Group by 19.0% in the first quarter. Heartland Advisors Inc. now owns 1,148,375 shares of the restaurant operator’s stock worth $5,857,000 after buying an additional 183,400 shares in the last quarter. Kennedy Capital Management Inc. raised its stake 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 buying an additional 144,383 shares in the last quarter. Eagle Asset Management Inc. bought a new stake in shares of Bravo Brio Restaurant Group during the first quarter worth approximately $616,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Bravo Brio Restaurant Group during the fourth quarter worth approximately $216,000. 58.47% of the stock is owned by hedge funds and other institutional investors.

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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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