Bravo Brio Restaurant Group, Inc. (BBRG) Releases FY17 Earnings Guidance
Bravo Brio Restaurant Group, Inc. (NASDAQ:BBRG) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.19-0.24 for the period, compared to the Thomson Reuters consensus estimate of $0.26. The company issued revenue guidance of $404-409 million, compared to the consensus revenue estimate of $404.50 million.
Bravo Brio Restaurant Group (NASDAQ:BBRG) last posted its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported ($0.16) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.16). The firm had revenue of $88.70 million during the quarter, compared to the consensus estimate of $91.65 million. Bravo Brio Restaurant Group had a negative return on equity of 137.99% and a negative net margin of 18.18%. The business’s revenue was down 6.2% compared to the same quarter last year. During the same period last year, the company earned ($0.16) earnings per share.
A number of research analysts have weighed in on BBRG shares. Zacks Investment Research upgraded Bravo Brio Restaurant Group from a hold rating to a buy rating and set a $3.25 price target for the company in a research note on Wednesday, August 9th. Jefferies Group LLC restated a hold rating and issued a $3.75 price target (down from $5.00) on shares of Bravo Brio Restaurant Group in a research note on Wednesday, August 9th. ValuEngine upgraded Bravo Brio Restaurant Group from a sell rating to a hold rating in a research note on Tuesday, August 1st. Finally, Piper Jaffray Companies downgraded Bravo Brio Restaurant Group from a neutral rating to an underweight rating and decreased their price target for the company from $5.00 to $2.00 in a research note on Thursday, September 7th.
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A hedge fund recently raised its stake in Bravo Brio Restaurant Group stock. Northern Trust Corp boosted its position in 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 (SEC). The firm 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 at the end of the most recent reporting period. 50.69% of the stock is owned by hedge funds and other institutional investors.
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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