Red Robin Gourmet Burgers Inc. Reaches New 12-Month High at $71.52 (RRGB)
Red Robin Gourmet Burgers (NASDAQ:RRGB)’s share price reached a new 52-week high during trading on Monday, Stock Ratings Network.com reports. The stock traded as high as $71.52 and last traded at $71.39, with a volume of 99,924 shares traded. The stock had previously closed at $70.27.
A number of analysts have recently weighed in on RRGB shares. Analysts at Wunderlich reiterated a “hold” rating on shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) in a research note to investors on Friday. They now have a $70.00 price target on the stock. Separately, 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. Finally, 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, September 25th. They now have a $68.00 price target on the stock, up previously from $52.00. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $62.50.
Red Robin Gourmet Burgers has a 52-week low of $27.18 and a 52-week high of $70.69. The stock has a 50-day moving average of $66.18 and a 200-day moving average of $55.17. The company has a market cap of $1.018 billion and a price-to-earnings ratio of 33.13.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings data on Thursday, August 15th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters 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 last year, the company posted $0.52 earnings per share. Red Robin Gourmet Burgers’s revenue was up 6.5% compared to the same quarter last year. On average, analysts predict that Red Robin Gourmet Burgers will post $2.29 earnings per share 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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