Shares of Bravo Brio Restaurant Group Inc. (NASDAQ:BBRG) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $4.46 and last traded at $4.46, with a volume of 97,112 shares changing hands. The stock had previously closed at $4.57.

A number of analysts have recently issued reports on the stock. TheStreet downgraded shares of Bravo Brio Restaurant Group from a “hold” rating to a “sell” rating in a report on Monday, August 22nd. Piper Jaffray Cos. restated a “neutral” rating and set a $7.00 target price (down from $14.00) on shares of Bravo Brio Restaurant Group in a report on Thursday, August 4th. Jefferies Group lowered their target price on shares of Bravo Brio Restaurant Group from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Thursday, August 4th. Finally, Zacks Investment Research downgraded shares of Bravo Brio Restaurant Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 27th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Bravo Brio Restaurant Group presently has an average rating of “Hold” and a consensus price target of $8.67.

The firm has a 50-day moving average price of $5.09 and a 200 day moving average price of $7.15. The stock’s market cap is $63.80 million.

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Bravo Brio Restaurant Group (NASDAQ:BBRG) last posted its earnings results on Wednesday, August 3rd. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by $0.18. The company had revenue of $105.20 million for the quarter, compared to analysts’ expectations of $111.31 million. Bravo Brio Restaurant Group had a negative net margin of 0.05% and a positive return on equity of 13.48%. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS. Analysts anticipate that Bravo Brio Restaurant Group Inc. will post $0.15 EPS for the current year.

In related news, major shareholder Tac Capital Llc bought 300,052 shares of Bravo Brio Restaurant Group stock in a transaction on Thursday, September 8th. The stock was acquired at an average price of $4.96 per share, with a total value of $1,488,257.92. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 7.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Daiwa Securities Group Inc. bought a new position in Bravo Brio Restaurant Group during the second quarter worth $198,000. Eagle Boston Investment Management Inc. raised its position in Bravo Brio Restaurant Group by 2.9% in the second quarter. Eagle Boston Investment Management Inc. now owns 504,258 shares of the company’s stock worth $4,129,000 after buying an additional 14,351 shares during the last quarter. First Financial Bank N.A. Trust Division raised its position in Bravo Brio Restaurant Group by 15.6% in the second quarter. First Financial Bank N.A. Trust Division now owns 36,863 shares of the company’s stock worth $302,000 after buying an additional 4,972 shares during the last quarter. Aristotle Capital Boston LLC raised its position in Bravo Brio Restaurant Group by 0.5% in the first quarter. Aristotle Capital Boston LLC now owns 370,154 shares of the company’s stock worth $2,869,000 after buying an additional 1,659 shares during the last quarter. Finally, Springbok Capital Management LLC raised its position in Bravo Brio Restaurant Group by 23.6% in the first quarter. Springbok Capital Management LLC now owns 27,000 shares of the company’s stock worth $209,000 after buying an additional 5,161 shares during the last quarter. 75.11% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:BBRG

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