Red Robin Gourmet Burgers Inc. Reaches New 12-Month High at $70.67 (RRGB)
Red Robin Gourmet Burgers (NASDAQ:RRGB)’s share price reached a new 52-week high during mid-day trading on Thursday, Analyst Ratings Network.com reports. The stock traded as high as $70.67 and last traded at $68.55, with a volume of 46,253 shares traded. The stock had previously closed at $67.81.
RRGB has been the subject of a number of recent research reports. Analysts at Wunderlich downgraded shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) from a “buy” rating to a “hold” rating in a research note to investors on Tuesday. They now have a $70.00 price target on the stock. Separately, analysts at Jefferies Group upgraded shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, August 20th. They now have a $72.00 price target on the stock, up previously from $53.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) in a research note to investors on Monday, August 19th. They now have a $65.00 price target on the stock.
One research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $59.25.
Red Robin Gourmet Burgers has a 52-week low of $27.18 and a 52-week high of $69.13. The stock’s 50-day moving average is $61.93 and its 200-day moving average is $53.07. The company has a market cap of $979.4 million and a P/E ratio of 31.97.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings data on Thursday, August 15th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.11. The company had revenue of $238.30 million for the quarter, compared to the consensus estimate of $239.61 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts expect that Red Robin Gourmet Burgers will post $2.29 EPS for the current fiscal year.
Red Robin Gourmet Burgers, Inc (NASDAQ:RRGB) together with its subsidiaries, is a casual dining restaurant chain focused on serving gourmet burgers.
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