Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has been given a consensus rating of “Hold” by the thirteen brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $72.67.

Several analysts have recently commented on RRGB shares. Bank of America Corporation increased their price target on shares of Red Robin Gourmet Burgers from $80.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, May 25th. Stephens reissued an “overweight” rating and set a $75.00 price target on shares of Red Robin Gourmet Burgers in a research note on Friday, May 19th. Zacks Investment Research raised shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Friday, May 19th. BidaskClub cut shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Sunday, July 16th. Finally, Raymond James Financial, Inc. reissued a “strong-buy” rating and set a $85.00 price target on shares of Red Robin Gourmet Burgers in a research note on Tuesday, July 25th.

In other news, CFO Guy J. Constant bought 2,500 shares of the business’s stock in a transaction on Monday, August 14th. The shares were bought at an average cost of $58.88 per share, for a total transaction of $147,200.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.66% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Parametric Portfolio Associates LLC raised its holdings in Red Robin Gourmet Burgers by 5.3% in the first quarter. Parametric Portfolio Associates LLC now owns 22,970 shares of the restaurant operator’s stock worth $1,343,000 after purchasing an additional 1,147 shares during the period. Thrivent Financial For Lutherans raised its holdings in Red Robin Gourmet Burgers by 5.1% in the first quarter. Thrivent Financial For Lutherans now owns 7,280 shares of the restaurant operator’s stock worth $426,000 after purchasing an additional 350 shares during the period. Comerica Bank raised its holdings in Red Robin Gourmet Burgers by 4.3% in the first quarter. Comerica Bank now owns 48,974 shares of the restaurant operator’s stock worth $2,926,000 after purchasing an additional 2,029 shares during the period. KBC Group NV raised its holdings in Red Robin Gourmet Burgers by 0.7% in the first quarter. KBC Group NV now owns 35,686 shares of the restaurant operator’s stock worth $2,086,000 after purchasing an additional 234 shares during the period. Finally, Prudential Financial Inc. raised its holdings in Red Robin Gourmet Burgers by 9.3% in the first quarter. Prudential Financial Inc. now owns 31,575 shares of the restaurant operator’s stock worth $1,846,000 after purchasing an additional 2,677 shares during the period.

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Red Robin Gourmet Burgers (NASDAQ:RRGB) traded up 4.47% during trading on Friday, reaching $63.10. The company had a trading volume of 452,659 shares. The stock has a market cap of $815.69 million, a P/E ratio of 97.83 and a beta of 0.63. Red Robin Gourmet Burgers has a 12-month low of $40.85 and a 12-month high of $74.11. The firm has a 50-day moving average price of $58.32 and a 200 day moving average price of $60.36.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings results on Tuesday, August 8th. The restaurant operator reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.10. Red Robin Gourmet Burgers had a net margin of 0.64% and a return on equity of 8.00%. The business had revenue of $315.80 million for the quarter, compared to analysts’ expectations of $315.69 million. During the same period in the prior year, the firm earned $0.75 earnings per share. Red Robin Gourmet Burgers’s revenue was up 3.4% compared to the same quarter last year. Equities research analysts predict that Red Robin Gourmet Burgers will post $2.77 EPS for the current fiscal year.

Red Robin Gourmet Burgers Company Profile

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.

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

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