Red Robin Gourmet Burgers, Inc. (RRGB) Receives Consensus Rating of “Hold” from Brokerages

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has received a consensus rating of “Hold” from the fourteen analysts that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $69.10.

A number of equities analysts have recently weighed in on RRGB shares. Maxim Group reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Red Robin Gourmet Burgers in a research note on Monday, October 30th. 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 research report on Tuesday, October 10th. Jefferies Group upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and boosted their target price for the stock from $58.00 to $63.00 in a research report on Friday, December 22nd. Stifel Nicolaus initiated coverage on Red Robin Gourmet Burgers in a research report on Monday, October 2nd. They issued a “hold” rating and a $62.00 target price on the stock. Finally, BTIG Research decreased their target price on Red Robin Gourmet Burgers from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Tuesday, November 7th.

In related news, COO Carin Stutz acquired 715 shares of the firm’s stock in a transaction on Tuesday, November 14th. The shares were acquired at an average cost of $49.15 per share, for a total transaction of $35,142.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.66% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of RRGB. Schwab Charles Investment Management Inc. raised its holdings in shares of Red Robin Gourmet Burgers by 11.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 108,295 shares of the restaurant operator’s stock worth $7,067,000 after buying an additional 11,261 shares during the period. Legal & General Group Plc raised its holdings in shares of Red Robin Gourmet Burgers by 14.4% in the second quarter. Legal & General Group Plc now owns 24,296 shares of the restaurant operator’s stock worth $1,587,000 after buying an additional 3,066 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Red Robin Gourmet Burgers by 4,772.4% in the second quarter. JPMorgan Chase & Co. now owns 64,170 shares of the restaurant operator’s stock worth $4,187,000 after buying an additional 62,853 shares during the period. AXA purchased a new stake in shares of Red Robin Gourmet Burgers in the second quarter worth approximately $424,000. Finally, Teachers Advisors LLC raised its holdings in shares of Red Robin Gourmet Burgers by 6.8% in the second quarter. Teachers Advisors LLC now owns 23,391 shares of the restaurant operator’s stock worth $1,526,000 after buying an additional 1,495 shares during the period.

Red Robin Gourmet Burgers (NASDAQ:RRGB) traded down $0.80 during midday trading on Friday, hitting $52.50. The stock had a trading volume of 329,400 shares, compared to its average volume of 292,817. The company has a market capitalization of $689.49, a price-to-earnings ratio of 55.26, a price-to-earnings-growth ratio of 1.92 and a beta of 0.56. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.37 and a current ratio of 0.56. 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 released its quarterly earnings data 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). The business had revenue of $304.20 million during the quarter, compared to the consensus estimate of $308.44 million. Red Robin Gourmet Burgers had a return on equity of 7.32% and a net margin of 0.94%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the company earned $0.38 EPS. sell-side analysts forecast that Red Robin Gourmet Burgers will post 2.26 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This article was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international trademark and copyright laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2018/01/19/red-robin-gourmet-burgers-inc-rrgb-receives-consensus-rating-of-hold-from-brokerages.html.

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)

Receive News & Ratings for Red Robin Gourmet Burgers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Robin Gourmet Burgers and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply