Favorable Press Coverage Somewhat Unlikely to Affect Bravo Brio Restaurant Group (BBRG) Share Price
News stories about Bravo Brio Restaurant Group (NASDAQ:BBRG) have been trending positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Bravo Brio Restaurant Group earned a daily sentiment score of 0.32 on Accern’s scale. Accern also assigned media headlines about the restaurant operator an impact score of 46.709150631308 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- BRAVO | BRIO Restaurant Group Partners With No Kid Hungry to Help End Childhood Hunger in the US (newkerala.com)
- Bravo Brio and activist engage in public pillow fight (nrn.com)
- Activist investor pushing for more changes at Bravo Brio (finance.yahoo.com)
- BRIEF-Bravo Brio Restaurant responds to TAC Capital’s letter (feeds.reuters.com)
- Bravo Brio Restaurant : | BRIO Restaurant Group Partners With No Kid Hungry® to Help End Childhood Hunger in the US (4-traders.com)
Shares of Bravo Brio Restaurant Group (BBRG) traded up 0.050% during midday trading on Wednesday, reaching $2.001. The company had a trading volume of 20,212 shares. The stock’s market capitalization is $30.41 million. The company’s 50-day moving average is $2.29 and its 200-day moving average is $3.60. Bravo Brio Restaurant Group has a 1-year low of $2.00 and a 1-year high of $5.30.
Bravo Brio Restaurant Group (NASDAQ:BBRG) last posted its earnings results on Thursday, August 3rd. The restaurant operator reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.06. The company had revenue of $103.04 million for the quarter, compared to the consensus estimate of $104.20 million. Bravo Brio Restaurant Group had a negative return on equity of 137.99% and a negative net margin of 18.18%. Bravo Brio Restaurant Group’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 earnings per share. On average, equities research analysts forecast that Bravo Brio Restaurant Group will post $0.26 EPS for the current year.
Several brokerages recently weighed in on BBRG. Zacks Investment Research lowered Bravo Brio Restaurant Group from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Jefferies Group LLC reissued a “hold” rating and issued a $3.75 price objective on shares of Bravo Brio Restaurant Group in a report on Tuesday, September 12th. Piper Jaffray Companies lowered Bravo Brio Restaurant Group from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $5.00 to $2.00 in a report on Thursday, September 7th. Finally, ValuEngine raised Bravo Brio Restaurant Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st.
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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