Published On: Sat, Sep 10th, 2016

Bravo Brio Restaurant Group Inc. (BBRG) Trading 0% Higher on Insider Buying Activity

Bravo Brio Restaurant Group Inc. (NASDAQ:BBRG) shares were up 0% on Friday following insider buying activity. The company traded as high as $4.99 and last traded at $4.90, with a volume of 143,893 shares traded. The stock had previously closed at $4.90.
Specifically, major shareholder Tac Capital Llc acquired 300,052 shares of the company’s stock in a transaction on Thursday, September 8th. The stock was purchased at an average cost of $4.96 per share, for a total transaction of $1,488,257.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 7.50% of the company’s stock.
Several research analysts have issued reports on BBRG shares. Zacks Investment Research upgraded Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a research note on Tuesday, May 31st. TheStreet lowered Bravo Brio Restaurant Group from a “hold” rating to a “sell” rating in a research note on Monday, August 22nd. Jefferies Group restated a “hold” rating on shares of Bravo Brio Restaurant Group in a research note on Tuesday, July 5th. Finally, Piper Jaffray Cos. restated a “neutral” rating and issued a $7.00 target price (down from $14.00) on shares of Bravo Brio Restaurant Group in a research note on Thursday, August 4th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $8.67.

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The firm’s 50 day moving average price is $5.69 and its 200 day moving average price is $7.29. The firm’s market capitalization is $71.31 million.
Bravo Brio Restaurant Group (NASDAQ:BBRG) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by $0.18. The firm earned $105.20 million during the quarter, compared to the consensus estimate 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 business’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share. Equities research analysts predict that Bravo Brio Restaurant Group Inc. will post $0.15 EPS for the current year.
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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