Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) have received an average rating of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $71.73.

A number of brokerages have commented on RRGB. Stifel Nicolaus began coverage on Red Robin Gourmet Burgers in a report on Monday, October 2nd. They set a “hold” rating and a $62.00 target price on the stock. Canaccord Genuity reiterated a “buy” rating and set a $80.00 target price on shares of Red Robin Gourmet Burgers in a report on Sunday, October 1st. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Tuesday. Raymond James Financial, Inc. reiterated a “strong-buy” rating and set a $85.00 target price on shares of Red Robin Gourmet Burgers in a report on Tuesday, July 25th. Finally, BidaskClub cut Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a report on Sunday, July 16th.

Shares of Red Robin Gourmet Burgers (RRGB) traded down 0.69% during mid-day trading on Wednesday, hitting $65.20. The stock had a trading volume of 49,828 shares. The stock has a 50 day moving average price of $61.38 and a 200-day moving average price of $62.12. The company has a market cap of $842.91 million, a PE ratio of 35.63 and a beta of 0.65. Red Robin Gourmet Burgers has a 52-week low of $40.85 and a 52-week high of $74.11.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its earnings results on Tuesday, August 8th. The restaurant operator reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.10. The firm had revenue of $315.80 million for the quarter, compared to analysts’ expectations of $315.69 million. Red Robin Gourmet Burgers had a return on equity of 8.00% and a net margin of 0.64%. Red Robin Gourmet Burgers’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 EPS. On average, equities analysts expect that Red Robin Gourmet Burgers will post $2.78 earnings per share for the current fiscal year.

In other Red Robin Gourmet Burgers news, CFO Guy J. Constant acquired 2,500 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were acquired at an average price of $58.88 per share, for a total transaction of $147,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.66% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Red Robin Gourmet Burgers by 1.3% during the second quarter. BlackRock Inc. now owns 1,581,338 shares of the restaurant operator’s stock worth $103,184,000 after purchasing an additional 20,059 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Red Robin Gourmet Burgers by 29.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,084,203 shares of the restaurant operator’s stock worth $63,371,000 after purchasing an additional 246,178 shares during the last quarter. Daruma Capital Management LLC boosted its holdings in shares of Red Robin Gourmet Burgers by 225.6% during the second quarter. Daruma Capital Management LLC now owns 856,225 shares of the restaurant operator’s stock worth $55,869,000 after purchasing an additional 593,278 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Red Robin Gourmet Burgers by 5.5% during the second quarter. Vanguard Group Inc. now owns 704,965 shares of the restaurant operator’s stock worth $45,998,000 after purchasing an additional 36,847 shares during the last quarter. Finally, Hood River Capital Management LLC boosted its holdings in shares of Red Robin Gourmet Burgers by 2.3% during the second quarter. Hood River Capital Management LLC now owns 371,337 shares of the restaurant operator’s stock worth $24,230,000 after purchasing an additional 8,448 shares during the last quarter.

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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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