Red Robin Gourmet Burgers, Inc. (RRGB) Given Average Recommendation of “Hold” by Analysts

Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) have been given an average recommendation of “Hold” by the thirteen ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $72.67.

Several brokerages have recently weighed in on RRGB. Raymond James Financial, Inc. set a $75.00 target price on Red Robin Gourmet Burgers and gave the company a “buy” rating in a research note on Wednesday, August 9th. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. TheStreet downgraded Red Robin Gourmet Burgers from a “b-” rating to a “c” rating in a research note on Wednesday, August 9th. BTIG Research restated a “buy” rating and set a $70.00 target price (up from $64.00) on shares of Red Robin Gourmet Burgers in a research note on Tuesday, September 12th. Finally, BidaskClub upgraded Red Robin Gourmet Burgers from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 12th.

In related news, CFO Guy J. Constant bought 2,500 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was bought at an average cost of $58.88 per share, for a total transaction of $147,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.66% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the business. Parametric Portfolio Associates LLC boosted its stake in Red Robin Gourmet Burgers by 5.3% in the first quarter. Parametric Portfolio Associates LLC now owns 22,970 shares of the restaurant operator’s stock valued at $1,343,000 after acquiring an additional 1,147 shares during the period. Thrivent Financial For Lutherans boosted its stake in Red Robin Gourmet Burgers by 5.1% in the first quarter. Thrivent Financial For Lutherans now owns 7,280 shares of the restaurant operator’s stock valued at $426,000 after acquiring an additional 350 shares during the period. Comerica Bank boosted its stake in Red Robin Gourmet Burgers by 4.3% in the first quarter. Comerica Bank now owns 48,974 shares of the restaurant operator’s stock valued at $2,926,000 after acquiring an additional 2,029 shares during the period. KBC Group NV boosted its stake in Red Robin Gourmet Burgers by 0.7% in the first quarter. KBC Group NV now owns 35,686 shares of the restaurant operator’s stock valued at $2,086,000 after acquiring an additional 234 shares during the period. Finally, Prudential Financial Inc. boosted its stake in Red Robin Gourmet Burgers by 9.3% in the first quarter. Prudential Financial Inc. now owns 31,575 shares of the restaurant operator’s stock valued at $1,846,000 after acquiring an additional 2,677 shares during the period.

Red Robin Gourmet Burgers (NASDAQ RRGB) traded down 1.03% during trading on Friday, reaching $62.25. The company had a trading volume of 129,213 shares. Red Robin Gourmet Burgers has a 12-month low of $40.85 and a 12-month high of $74.11. The stock has a market cap of $804.71 million, a P/E ratio of 96.51 and a beta of 0.63. The firm has a 50-day moving average price of $58.44 and a 200 day moving average price of $60.76.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its earnings results on Tuesday, August 8th. The restaurant operator reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.10. The company had revenue of $315.80 million during the quarter, compared to the consensus estimate of $315.69 million. Red Robin Gourmet Burgers had a return on equity of 8.00% and a net margin of 0.64%. The company’s revenue was up 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. Equities research analysts predict that Red Robin Gourmet Burgers will post $2.78 EPS for the current fiscal year.

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Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates, and franchises full-service restaurants in North America and focuses on serving selection of gourmet burgers. The Company’s menu features a line of gourmet burgers, which it makes from ground beef, as well as its line of Red’s Tavern Double Burgers and its Red Robin’s line of half-pound Angus beef burgers with various toppings.

Analyst Recommendations for Red Robin Gourmet Burgers (NASDAQ:RRGB)

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