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Stock analysts at Telsey Advisory Group dropped their price objective on shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) from $97.00 to $65.00 in a report issued on Friday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 23.50% from the company’s current price.

A number of other analysts have also recently weighed in on RRGB. Analysts at Miller Tabak cut their price target on shares of Red Robin Gourmet Burgers from $84.00 to $70.00 in a research note on Thursday. They now have a “buy” rating on the stock. Analysts at Longbow Research downgraded shares of Red Robin Gourmet Burgers from a “buy” rating to a “neutral” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Red Robin Gourmet Burgers has a consensus rating of “Buy” and a consensus target price of $78.90.

Red Robin Gourmet Burgers (NASDAQ:RRGB) opened at 52.63 on Friday. Red Robin Gourmet Burgers has a 52-week low of $50.50 and a 52-week high of $86.83. The stock’s 50-day moving average is $66.6 and its 200-day moving average is $69.51. The company has a market cap of $752.1 million and a P/E ratio of 22.09.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its earnings results on Thursday, August 14th. The company reported $0.68 earnings per share for the quarter, missing the analysts’ 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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