Revenue Update on Bravo Brio Restaurant Group(NASDAQ:BBRG)

Bravo Brio Restaurant Group(NASDAQ:BBRG) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $105.21M. Analysts estimated a revenue of $111.31M. Earnings per share were $0.06. Analysts had estimated an EPS of $0.24.

Bravo Brio Restaurant Group (BBRG) shares turned negative on Fridays trading session with the shares closing down -0.02 points or -0.40% at a volume of 1,69,909. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $5. The peak price level was also seen at $5 while the days lowest was $4.83. Finally the shares closed at $4.93. The 52-week high of the shares is $13.39 while the 52-week low is $4.82. According to the latest information available, the market cap of the company is $72 M.

Several Insider Transactions has been reported to the SEC. On Jun 13, 2016, Jason D. Siegler (Vice President) sold 1,000 shares at $8.00 per share price.Also, On Nov 12, 2015, James S Gulmi (director) purchased 1,000 shares at $10.11 per share price.

Bravo Brio Restaurant Group Inc. is the owner and operator of two Italian restaurant brands BRAVO! Cucina Italiana (BRAVO!) and BRIO Tuscan Grille (BRIO). BRAVO! Cucina Italiana is a full-service Italian restaurant offering a range of Italian food. BRIO Tuscan Grille is an Italian chophouse restaurant serving northern Italian food in a Tuscan villa atmosphere. As of December 28 2014 the Company operated 111 restaurants in 33 states of the United States. As of December 28 2014 the Company leased 106 operating locations owned four locations and operated one location under a management agreement of which 97 were located adjacent to or in lifestyle centers and shopping malls and 14 were free-standing units. The Company also operates an American-French bistro restaurant under the Bon Vie brand.

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