Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)‘s stock had its “overweight” rating restated by research analysts at Stephens in a report issued on Friday. They presently have a $75.00 target price on the restaurant operator’s stock. Stephens’ target price would indicate a potential upside of 2.81% from the company’s current price.

Several other equities analysts have also weighed in on the company. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a report on Friday. TheStreet upgraded Red Robin Gourmet Burgers from a “c” rating to a “buy” rating in a research note on Thursday. Canaccord Genuity reiterated a “hold” rating and issued a $62.00 price objective on shares of Red Robin Gourmet Burgers in a research note on Wednesday. Morgan Stanley reiterated an “equal weight” rating and issued a $58.00 price objective (up from $53.00) on shares of Red Robin Gourmet Burgers in a research note on Wednesday. Finally, Maxim Group reiterated a “buy” rating and issued a $80.00 price objective (up from $75.00) on shares of Red Robin Gourmet Burgers in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $68.88.

Analyst Recommendations for Red Robin Gourmet Burgers (NASDAQ:RRGB)

Red Robin Gourmet Burgers (NASDAQ:RRGB) opened at 72.95 on Friday. Red Robin Gourmet Burgers has a one year low of $40.85 and a one year high of $74.11. The stock has a market cap of $938.94 million, a P/E ratio of 106.96 and a beta of 0.85. The company has a 50-day moving average price of $59.66 and a 200-day moving average price of $53.40.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its earnings results on Tuesday, May 16th. The restaurant operator reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.31. Red Robin Gourmet Burgers had a return on equity of 11.87% and a net margin of 2.49%. The company had revenue of $418.60 million for the quarter, compared to analyst estimates of $416.48 million. During the same period last year, the company earned $1.27 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. On average, analysts anticipate that Red Robin Gourmet Burgers will post $2.88 earnings per share for the current year.

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In other Red Robin Gourmet Burgers news, CFO Guy J. Constant acquired 5,000 shares of the company’s stock in a transaction dated Friday, February 24th. The shares were acquired at an average cost of $47.30 per share, for a total transaction of $236,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.66% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Red Robin Gourmet Burgers by 43,842.6% in the first quarter. BlackRock Inc. now owns 1,561,279 shares of the restaurant operator’s stock valued at $91,256,000 after buying an additional 1,557,726 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Red Robin Gourmet Burgers by 29.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,084,203 shares of the restaurant operator’s stock valued at $63,371,000 after buying an additional 246,178 shares in the last quarter. BlackRock Fund Advisors raised its position in shares of Red Robin Gourmet Burgers by 6.0% in the third quarter. BlackRock Fund Advisors now owns 927,184 shares of the restaurant operator’s stock valued at $41,668,000 after buying an additional 52,666 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Red Robin Gourmet Burgers by 772.5% in the first quarter. Ameriprise Financial Inc. now owns 770,351 shares of the restaurant operator’s stock valued at $45,027,000 after buying an additional 682,062 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Red Robin Gourmet Burgers by 4.9% in the first quarter. Vanguard Group Inc. now owns 668,118 shares of the restaurant operator’s stock valued at $39,052,000 after buying an additional 30,946 shares in the last quarter.

About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates, and franchises full-service restaurants in North America and focuses on serving selection of gourmet burgers. The Company’s menu features a line of gourmet burgers, which it makes from ground beef, as well as its line of Red’s Tavern Double Burgers and its Red Robin’s line of half-pound Angus beef burgers with various toppings.

12 Month Chart for NASDAQ:RRGB

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