Company shares are trading at $2.05 which is much lower than $2.36, the 50 day moving average and quite a bit below the 200 day moving average of $3.71. The 50 day moving average was down by -13.10% and the 200 day average moved down $-1.66. (NASDAQ:BBRG) shares saw light trading volume with 100 shares changing hands in the last trading session. Volume was down 99.67% under the stocks average daily volume.
Traders are feeling more bearish lately if you take a look at the uptick in short interest. The firm saw a rise in short interest of 0.48% as of September 29, 2017 from the last reporting period. Short interest grew 5,024 over that period. Days to cover increased 7.0 to 12.0 and the percentage of shorted shares was 0.07% on September 29.
A few notable investment firms have updated their holdings. Ubs Group Ag trimmed its position by shedding 406 shares a decrease of 45.5% in the quarter. Ubs Group Ag owns 486 shares valued at $2,000. The value of the position overall is down by 60.0%. Aristotle Capital Boston, LLC added to its stake by buying 10,596 shares an increase of 2.5% as of 06/30/2017. Aristotle Capital Boston, LLC now holds 430,488 shares with a value of $1,980,000. The total value of its holdings decreased 7.5%.
As of quarter end Acadian Asset Management LLC had disposed of 48,148 shares trimming its holdings by 17.2%. The value of the total investment in Bravo Brio Restaurant Group, In went from $1,287,000 to $527,000 a change of $760,000 since the last quarter. Addison Clark Management, L.l.c. downsized its holdings by selling 935,984 shares a decrease of 87.9%. Addison Clark Management, L.l.c. currently owns 128,945 shares worth $293,000. The value of the position overall is down by 94.0%.
In the latest earnings report the EPS was $-4.95 and is projected to be $0.26 for the current year with 15,196,000 shares outstanding. Next quarter’s EPS is forecasted at $0.15 and the next full year EPS is projected to be $0.23.
Bravo Brio Restaurant Group, Inc., launched 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 Company operates approximately 120 restaurants in over 30 states. Additionally, approximately one BRIO restaurant is operated under a franchise agreement. The Company 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 Business’s reward programs, called MyBRAVO Rewards and MyBRIO Rewards, are designed to reward guests for their continuous dining at its restaurants. Its 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..