Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) Hits New 52-Week Low at $3.30

Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $3.30 and last traded at $3.30, with a volume of 22,802 shares. The stock had previously closed at $3.45.

BBRG has been the subject of several analyst reports. 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, August 9th. Jefferies Group LLC reissued a “hold” rating and issued a $3.75 target price (down from $5.00) on shares of Bravo Brio Restaurant Group in a research report on Wednesday, August 9th. Finally, ValuEngine raised Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st.

The stock’s 50 day moving average price is $3.64 and its 200 day moving average price is $4.40. The stock’s market capitalization is $43.31 million.

Bravo Brio Restaurant Group (NASDAQ:BBRG) last posted its quarterly earnings results on Thursday, August 3rd. The restaurant operator reported $0.13 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.06. The business had revenue of $103.04 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the firm earned $0.06 earnings per share. Equities analysts anticipate that Bravo Brio Restaurant Group, Inc. will post $0.26 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the stock. Brandes Investment Partners LP increased its position in shares of Bravo Brio Restaurant Group by 167.1% in the first quarter. Brandes Investment Partners LP now owns 30,339 shares of the restaurant operator’s stock worth $155,000 after buying an additional 18,982 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Bravo Brio Restaurant Group during the fourth quarter worth approximately $125,000. Bank of New York Mellon Corp increased its position in shares of Bravo Brio Restaurant Group by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 43,624 shares of the restaurant operator’s stock worth $222,000 after buying an additional 1,377 shares during the last quarter. Northern Trust Corp increased its position in shares of Bravo Brio Restaurant Group by 8.1% in the second quarter. Northern Trust Corp now owns 53,474 shares of the restaurant operator’s stock worth $246,000 after buying an additional 4,015 shares during the last quarter. Finally, 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 buying an additional 53,698 shares during the last quarter. Institutional investors own 58.63% of the company’s stock.

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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.

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