Bravo Brio Restaurant Group (NASDAQ:BBRG) presented at a retail/restaurant conference on Tuesday and provided very important information to investors. To give some background, the stock has been an underperformer for two reasons:
During the recent presentation, management gave us information that should calm concerns on both of these issues. I believe that this presentation is the catalyst to purchase the stock at a discount to its peers. I have a $20 price target on the stock, representing over 30% upside from its current price.
Same-Store Sales Now a Tailwind
The biggest reason for the company's underperformance is same-store sales. To be fair, considering management's recent guidance...
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