The stock of Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) reached all time low today, Nov, 3 and still has $3.74 target or 10.00% below today’s $4.15 share price. This indicates more downside for the $60.52M company. This technical setup was reported by Barchart.com. If the $3.74 PT is reached, the company will be worth $6.05M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 76,199 shares traded hands. Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) has declined 43.05% since April 1, 2016 and is downtrending. It has underperformed by 44.26% the S&P500.
Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) Ratings Coverage
Out of 2 analysts covering Bravo Brio Restaurant Group Inc. (NASDAQ:BBRG), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Bravo Brio Restaurant Group Inc. has been the topic of 4 analyst reports since November 6, 2015 according to StockzIntelligence Inc. Jefferies maintained it with “Hold” rating and $7 target price in Thursday, August 4 report. Jefferies maintained Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) on Wednesday, February 24 with “Hold” rating. The stock of Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) has “Neutral” rating given on Thursday, December 10 by Sidoti.
According to Zacks Investment Research, “Bravo Brio Restaurant Group, Inc. is an owner and operator of two distinct Italian restaurant brands, BRAVO! Cucina Italiana and BRIO Tuscan Grille. BRAVO! Cucina Italiana is a full-service, upscale Italian restaurant offering a menu of freshly prepared classic Italian food. BRAVO offers variety of pasta dishes, steaks, chicken, seafood and pizzas. It also offers seasonal specials, an extensive wine list, carry-out and catering. BRIO Tuscan Grille is an upscale Italian chophouse restaurant serving authentic northern Italian food in a Tuscan Villa atmosphere. The cuisine at BRIO includes steaks, chops, fresh seafood and made-to-order pastas. BRIO also offers creative seasonal specials, an extensive wine list, and carry-out and banquet facilities at select locations. It also operates one full-service upscale American-French bistro restaurant in Columbus, Ohio under the brand Bon Vie. Bravo Brio Restaurant Group is based in Columbus, Ohio.”
Insitutional Activity: The institutional sentiment decreased to 0.63 in 2016 Q2. Its down 0.08, from 0.71 in 2016Q1. The ratio turned negative, as 17 funds sold all Bravo Brio Restaurant Group, Inc. shares owned while 34 reduced positions. 11 funds bought stakes while 21 increased positions. They now own 9.85 million shares or 18.69% less from 12.11 million shares in 2016Q1.
Brandes Invest Prtnrs L P holds 0% of its portfolio in Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) for 12,723 shares. Ajo Limited Partnership holds 0.01% or 234,907 shares in its portfolio. Laurion Limited Partnership has 44,600 shares for 0.01% of their US portfolio. Tower Cap Limited Liability (Trc) last reported 2,575 shares in the company. Geode Management Ltd Limited Liability Company holds 0% of its portfolio in Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) for 87,455 shares. Tfs Cap Limited Com last reported 0.03% of its portfolio in the stock. The Connecticut-based Tudor Investment Corp Et Al has invested 0% in Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG). Kennedy Capital accumulated 478,504 shares or 0.08% of the stock. Jpmorgan Chase accumulated 0% or 265 shares. State Bank Of Montreal Can has invested 0% of its portfolio in Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG). Millennium Management Ltd Liability Com accumulated 64,910 shares or 0% of the stock. Daiwa Secs Gp Inc has 0% invested in the company for 24,200 shares. D E Shaw & Company Incorporated accumulated 0% or 89,985 shares. Bank & Trust Of America De, a North Carolina-based fund reported 92,275 shares. Spark Invest Mgmt Limited Liability holds 0.08% of its portfolio in Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) for 107,500 shares.
Insider Transactions: Since June 9, 2016, the stock had 5 buys, and 1 sale for $1.61 million net activity. TAC Capital LLC bought $608,756 worth of stock. Shares for $7,601 were bought by GULMI JAMES S on Tuesday, August 9. Siegler Jason D. sold $8,000 worth of stock or 1,000 shares.
More important recent Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) news were published by: Quotes.Wsj.com which released: “News Bravo Brio Restaurant Group Inc.BBRG” on February 11, 2011, also Seekingalpha.com published article titled: “Bravo Brio Restaurant Group’s (BBRG) CEO Brian O’Malley on Q2 2016 Results …”, Globenewswire.com published: “Bravo Brio Restaurant Group, Inc. to Announce Third Quarter 2016 Financial …” on October 13, 2016. More interesting news about Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) was released by: Seekingalpha.com and their article: “Bravo Brio Restaurant Group’s (BBRG) CEO Brian O’Malley on Q4 2015 Results …” with publication date: February 24, 2016.
BBRG Company Profile
Bravo Brio Restaurant Group, Inc., incorporated on July 7, 1987, is the owner and operator of approximately two Italian restaurant brands, including BRAVO! Cucina Italiana (BRAVO!) and BRIO Tuscan Grille (BRIO). The Firm operates approximately 120 restaurants in over 30 states. Additionally, approximately one BRIO restaurant is operated under a franchise agreement. The Firm has over 110 operating locations, owns approximately four locations, of which over 100 are located adjacent to or in lifestyle centers and shopping malls, and over 10 were free-standing units. The Company’s reward programs, called MyBRAVO Rewards and MyBRIO Rewards, are designed to reward guests for their continuous dining at its restaurants. The Company’s guests can download a MyBRAVO/MyBRIO! Rewards mobile application, register their cards at BRAVO! and BRIO locations or online at www.myBRAVOReward.com or www.myBRIOReward.com.
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