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Red Robin Gourmet Burgers (NASDAQ:RRGB) was downgraded by Longbow Research from a “buy” rating to a “neutral” rating in a research note issued on Thursday.

Red Robin Gourmet Burgers (NASDAQ:RRGB) traded down 20.40% during mid-day trading on Thursday, hitting $51.38. The stock had a trading volume of 2,816,699 shares. Red Robin Gourmet Burgers has a 1-year low of $58.00 and a 1-year high of $86.83. The stock’s 50-day moving average is $67.24 and its 200-day moving average is $69.63. The company has a market cap of $734.3 million and a price-to-earnings ratio of 27.10.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its earnings results on Thursday, August 14th. The company reported $0.68 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.90 by $0.22. The company had revenue of $256.10 million for the quarter, compared to the consensus estimate of $263.37 million. On average, analysts predict that Red Robin Gourmet Burgers will post $2.86 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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