Bravo Brio Restaurant Group Given New $13.00 Price Target at Piper Jaffray (BBRG)
Equities researchers at Piper Jaffray raised their price objective on shares of Bravo Brio Restaurant Group (NASDAQ:BBRG) from $12.00 to $13.00 in a research report issued on Wednesday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock. Piper Jaffray’s target price indicates a potential downside of 13.16% from the company’s current price.
Shares of Bravo Brio Restaurant Group (NASDAQ:BBRG) remained flat at $14.97 during during mid-day trading trading on Wednesday. The stock had a trading volume of 275,577 shares. Bravo Brio Restaurant Group has a one year low of $13.92 and a one year high of $19.10. The stock has a 50-day moving average of $15.02 and a 200-day moving average of $15.31. The company has a market cap of $289.9 million and a P/E ratio of 40.46.
Bravo Brio Restaurant Group (NASDAQ:BBRG) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.14 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.14. The company had revenue of $102.60 million for the quarter, compared to the consensus estimate of $101.00 million. During the same quarter last year, the company posted $0.17 earnings per share. Bravo Brio Restaurant Group’s revenue was down .5% compared to the same quarter last year. On average, analysts predict that Bravo Brio Restaurant Group will post $0.81 earnings per share for the current fiscal year.
Separately, analysts at Zacks downgraded shares of Bravo Brio Restaurant Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday, February 26th. They now have a $14.80 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Bravo Brio Restaurant Group has an average rating of “Hold” and an average target price of $17.36.
Bravo Brio Restaurant Group, Inc is the owner and operator of two Italian restaurant brands, BRAVO! Cucina Italiana (NASDAQ:BBRG) and BRIO Tuscan Grille (BRIO).
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