The stock of Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) hit a new 52-week low and has $3.57 target or 14.00% below today’s $4.15 share price. The 9 months bearish chart indicates high risk for the $60.52M company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $3.57 price target is reached, the company will be worth $8.47M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 46,423 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. As per Thursday, December 10, the company rating was initiated by Sidoti. Jefferies maintained Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) rating on Wednesday, February 24. Jefferies has “Hold” rating and $9 price target. The firm has “Hold” rating given on Thursday, August 4 by Jefferies.
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 Q2 2016. 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.
Synovus Fincl Corporation has invested 0.03% of its portfolio in Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG). Walleye Trading Ltd Liability Company, a Minnesota-based fund reported 8,500 shares. Connor Clark And Lunn Investment Mngmt holds 69,700 shares or 0% of its portfolio. Blackrock Llc last reported 0% of its portfolio in the stock. Blackrock Institutional Trust Na, a California-based fund reported 913,848 shares. Strs Ohio has invested 0.01% of its portfolio in Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG). Diam Ltd, a Japan-based fund reported 10,126 shares. The New York-based Citigroup has invested 0% in Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG). Moreover, Millennium Mngmt Limited Liability has 0% invested in Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) for 64,910 shares. Springbok Capital Mgmt Ltd Liability Company last reported 13,100 shares in the company. The Japan-based Daiwa Securities Grp Inc has invested 0% in Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG). Deutsche Bank Ag has 0% invested in the company for 44,963 shares. Paloma Prtnrs Mgmt holds 0.01% of its portfolio in Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) for 61,809 shares. Alpine Partners Vi Lc holds 11,802 shares or 0.04% of its portfolio. Moreover, Credit Suisse Ag has 0% invested in Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) for 55,192 shares.
Insider Transactions: Since June 9, 2016, the stock had 5 insider buys, and 1 sale for $1.61 million net activity. On Tuesday, August 30 TAC Capital LLC bought $333,398 worth of the stock or 70,914 shares. GULMI JAMES S bought 1,500 shares worth $7,601. 1,000 shares were sold by Siegler Jason D., worth $8,000 on Thursday, June 9.
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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