Bravo Brio Restaurant Group, Inc. (BBRG) to Release Earnings on Tuesday
Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) is scheduled to be releasing its earnings data after the market closes on Tuesday, October 31st. Analysts expect Bravo Brio Restaurant Group to post earnings of ($0.16) per share for the quarter. Bravo Brio Restaurant Group has set its FY17 guidance at $0.22-0.32 EPS.
Bravo Brio Restaurant Group (NASDAQ:BBRG) last released its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.06. Bravo Brio Restaurant Group had a negative net margin of 18.18% and a negative return on equity of 137.99%. The business had revenue of $103.04 million for the quarter, compared to analysts’ expectations of $104.20 million. During the same quarter last year, the company earned $0.06 EPS. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, analysts expect Bravo Brio Restaurant Group to post $0.25 EPS for the current fiscal year and $0.23 EPS for the next fiscal year.
Shares of Bravo Brio Restaurant Group, Inc. (BBRG) opened at 2.10 on Tuesday. The firm’s market cap is $31.91 million. The company has a 50 day moving average of $2.36 and a 200-day moving average of $3.71. Bravo Brio Restaurant Group, Inc. has a 12-month low of $2.00 and a 12-month high of $5.30.
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Several analysts have weighed in on the company. Jefferies Group LLC reissued a “hold” rating and set a $3.75 price objective (down from $5.00) on shares of Bravo Brio Restaurant Group in a report on Wednesday, August 9th. ValuEngine raised Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. 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 report on Wednesday, August 9th. Finally, Piper Jaffray Companies cut Bravo Brio Restaurant Group from a “neutral” rating to an “underweight” rating and dropped their price objective for the stock from $5.00 to $2.00 in a report on Thursday, September 7th.
An institutional investor recently raised its position in Bravo Brio Restaurant Group stock. Northern Trust Corp boosted its position in shares of Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) by 8.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 53,474 shares of the restaurant operator’s stock after purchasing an additional 4,015 shares during the quarter. Northern Trust Corp owned about 0.35% of Bravo Brio Restaurant Group worth $246,000 as of its most recent filing with the Securities and Exchange Commission. 50.77% of the stock is currently 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.
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