Red Robin Gourmet Burgers Receives Average Recommendation of “Buy” from Analysts (NASDAQ:RRGB)
Shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) have received a consensus rating of “Buy” from the ten brokerages that are currently covering the stock, AR Network reports. Three analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $80.56.
A number of analysts have recently weighed in on RRGB shares. Analysts at Wunderlich reiterated a “buy” rating on shares of Red Robin Gourmet Burgers in a research note on Friday, August 15th. They now have a $92.00 price target on the stock, up previously from $76.00. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Red Robin Gourmet Burgers in a research note on Friday, August 15th. They now have a $80.00 price target on the stock, down previously from $90.00. Finally, 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, August 15th. They now have a “not rated” rating on the stock.
Shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) opened at 53.20 on Monday. 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 $63.5 and a 200-day moving average of $69.09. The company has a market cap of $763.2 million and a P/E ratio of 23.51.
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 $2.55 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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