Red Robin Gourmet Burgers (NASDAQ:RRGB) had its price objective reduced by Loop Capital to $33.00 in a research report sent to investors on Wednesday, The Fly reports. They currently have a hold rating on the restaurant operator’s stock.
Other equities analysts have also recently issued reports about the stock. Maxim Group set a $44.00 price objective on shares of Red Robin Gourmet Burgers and gave the stock a buy rating in a research report on Friday, September 6th. Stephens set a $36.00 price target on shares of Red Robin Gourmet Burgers and gave the company a buy rating in a research report on Monday, August 26th. Bank of America cut shares of Red Robin Gourmet Burgers from a neutral rating to an underperform rating and set a $30.00 price target for the company. in a research report on Tuesday, August 27th. BidaskClub cut shares of Red Robin Gourmet Burgers from a hold rating to a sell rating in a research report on Tuesday, September 24th. Finally, Morgan Stanley upped their price target on shares of Red Robin Gourmet Burgers from $28.00 to $30.00 and gave the company an equal weight rating in a research report on Monday, August 26th. Two analysts have rated the stock with a sell rating, five have given a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $34.00.
Shares of RRGB stock traded down $0.24 during midday trading on Wednesday, hitting $26.68. 288,000 shares of the company were exchanged, compared to its average volume of 338,330. The firm’s 50 day moving average price is $31.86 and its two-hundred day moving average price is $31.95. The firm has a market capitalization of $414.57 million, a P/E ratio of 15.42, a PEG ratio of 3.06 and a beta of 1.23. Red Robin Gourmet Burgers has a 52 week low of $24.57 and a 52 week high of $36.85. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.28 and a current ratio of 0.42.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported ($0.24) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.22) by ($0.02). The company had revenue of $294.22 million for the quarter, compared to analyst estimates of $289.52 million. Red Robin Gourmet Burgers had a positive return on equity of 4.87% and a negative net margin of 0.82%. Red Robin Gourmet Burgers’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 earnings per share. Analysts expect that Red Robin Gourmet Burgers will post 0.85 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Kavar Capital Partners LLC acquired a new stake in shares of Red Robin Gourmet Burgers during the second quarter worth $31,000. Tower Research Capital LLC TRC increased its position in shares of Red Robin Gourmet Burgers by 65.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,102 shares of the restaurant operator’s stock worth $125,000 after buying an additional 1,629 shares during the period. Aperio Group LLC acquired a new stake in shares of Red Robin Gourmet Burgers during the second quarter worth $153,000. State of Tennessee Treasury Department increased its position in shares of Red Robin Gourmet Burgers by 8.5% during the third quarter. State of Tennessee Treasury Department now owns 5,697 shares of the restaurant operator’s stock worth $189,000 after buying an additional 448 shares during the period. Finally, Harvest Management LLC acquired a new stake in shares of Red Robin Gourmet Burgers during the third quarter worth $233,000.
About Red Robin Gourmet Burgers
Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants in the United States and Canada. The company's restaurants primarily offer burgers; various appetizers, salads, soups, seafood, and other entrees; and desserts, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.
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