Red Robin Gourmet Burgers Stock Rating Reaffirmed by Jefferies Group (RRGB)
Red Robin Gourmet Burgers (NASDAQ:RRGB)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Group in a report issued on Friday. They currently have a $80.00 target price on the stock, down from their previous target price of $90.00. Jefferies Group’s price target would suggest a potential upside of 52.00% from the stock’s previous close.
Shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) traded up 2.60% during mid-day trading on Friday, hitting $54.00. The stock had a trading volume of 430,732 shares. Red Robin Gourmet Burgers has a 1-year low of $50.50 and a 1-year high of $86.83. The stock has a 50-day moving average of $66.6 and a 200-day moving average of $69.51. The company has a market cap of $771.7 million and a P/E 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. Analysts expect that Red Robin Gourmet Burgers will post $2.86 EPS for the current fiscal year.
A number of other firms have also recently commented on RRGB. 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. Separately, 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. Finally, 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 given a buy rating to the company. Red Robin Gourmet Burgers currently has a consensus rating of “Buy” and an average price target of $77.90.
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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