Red Robin Gourmet Burgers Receives “Hold” Rating from Wunderlich (RRGB)
Red Robin Gourmet Burgers (NASDAQ:RRGB)‘s stock had its “hold” rating reiterated by analysts at Wunderlich in a research report issued to clients and investors on Friday, Analyst Ratings Network reports. They currently have a $70.00 price objective on the stock. Wunderlich’s target price points to a potential downside of 0.38% from the company’s current price.
Shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) traded up 1.25% during mid-day trading on Friday, hitting $70.27. The stock had a trading volume of 335,729 shares. Red Robin Gourmet Burgers has a one year low of $27.18 and a one year high of $70.69. The stock has a 50-day moving average of $65.79 and a 200-day moving average of $54.99. The company has a market cap of $1.006 billion and a P/E ratio of 32.72.
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.
Other equities research analysts have also recently issued reports about the stock. Analysts at KeyCorp raised their price target on shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) from $68.00 to $75.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Piper Jaffray Cos. upgraded shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) from an “underweight” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $68.00 price target on the stock, up previously from $52.00. Finally, 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. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $62.50.
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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