Red Robin Gourmet Burgers (NASDAQ:RRGB) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.

A number of other analysts have also recently weighed in on the company. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Jefferies Group upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and upped their price target for the company from $58.00 to $63.00 in a research report on Saturday, December 30th. Raymond James Financial cut Red Robin Gourmet Burgers from a “strong-buy” rating to an “outperform” rating and lowered their price target for the company from $77.50 to $65.00 in a research report on Tuesday, November 7th. Stifel Nicolaus lowered their price target on Red Robin Gourmet Burgers from $62.00 to $58.00 and set a “hold” rating on the stock in a research report on Tuesday, November 7th. Finally, Maxim Group cut Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and lowered their price target for the company from $75.00 to $60.00 in a research report on Tuesday, November 7th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Red Robin Gourmet Burgers presently has a consensus rating of “Hold” and a consensus price target of $69.45.

Red Robin Gourmet Burgers (NASDAQ RRGB) traded up $0.50 on Thursday, hitting $55.75. The stock had a trading volume of 262,708 shares, compared to its average volume of 237,538. The company has a market capitalization of $721.18, a PE ratio of 58.68, a PEG ratio of 2.03 and a beta of 0.56. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.76. Red Robin Gourmet Burgers has a 1-year low of $45.20 and a 1-year high of $74.11.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings results on Monday, November 6th. The restaurant operator reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). Red Robin Gourmet Burgers had a net margin of 0.94% and a return on equity of 7.32%. The company had revenue of $304.20 million during the quarter, compared to the consensus estimate of $308.44 million. During the same quarter last year, the company earned $0.38 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. analysts anticipate that Red Robin Gourmet Burgers will post 2.26 earnings per share for the current year.

In other Red Robin Gourmet Burgers news, COO Carin Stutz bought 715 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were bought at an average price of $49.15 per share, for a total transaction of $35,142.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.66% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in RRGB. Public Employees Retirement System of Ohio grew its holdings in shares of Red Robin Gourmet Burgers by 6.4% during the second quarter. Public Employees Retirement System of Ohio now owns 1,871 shares of the restaurant operator’s stock worth $122,000 after purchasing an additional 112 shares during the last quarter. Daiwa Securities Group Inc. bought a new stake in shares of Red Robin Gourmet Burgers during the third quarter worth $147,000. Advisor Group Inc. bought a new stake in shares of Red Robin Gourmet Burgers during the second quarter worth $163,000. Seven Eight Capital LP bought a new stake in shares of Red Robin Gourmet Burgers during the second quarter worth $163,000. Finally, 361 Capital LLC bought a new stake in shares of Red Robin Gourmet Burgers during the third quarter worth $212,000.

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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.

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

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