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.
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.
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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.
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