Red Robin Gourmet Burgers Receives “Buy” Rating from Wunderlich (RRGB)
Red Robin Gourmet Burgers (NASDAQ:RRGB)‘s stock had its “buy” rating reaffirmed by equities research analysts at Wunderlich in a research note issued to investors on Friday. They currently have a $92.00 price objective on the stock, up from their previous price objective of $76.00. Wunderlich’s price target would suggest a potential upside of 74.81% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Red Robin Gourmet Burgers in a research note on Friday. They now have a $80.00 price target on the stock, down previously from $90.00. Separately, analysts at Telsey Advisory Group cut their price target on shares of Red Robin Gourmet Burgers from $97.00 to $65.00 in a research note on Friday. They now have a “not rated” rating on the stock. Finally, 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. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Red Robin Gourmet Burgers currently has a consensus rating of “Buy” and an average price target of $79.10.
Red Robin Gourmet Burgers (NASDAQ:RRGB) traded up 2.39% on Friday, hitting $53.89. 571,584 shares of the company’s stock traded hands. 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 $770.1 million and a price-to-earnings ratio of 22.09.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly 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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