Red Robin Gourmet Burgers, Inc. (RRGB) Given Average Recommendation of “Buy” by Brokerages

Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) have been assigned an average rating of “Buy” from the fourteen brokerages that are presently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $68.18.

A number of brokerages have recently weighed in on RRGB. BidaskClub raised shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating in a research report on Saturday, December 30th. Raymond James Financial cut shares of Red Robin Gourmet Burgers from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $77.50 to $65.00 in a research report on Tuesday, November 7th. Stifel Nicolaus cut their price objective on shares of 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. BTIG Research cut their price objective on shares of 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. Finally, Zacks Investment Research raised shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research report on Wednesday, January 31st.

Hedge funds have recently modified their holdings of the business. Winslow Evans & Crocker Inc. increased its stake in Red Robin Gourmet Burgers by 100.0% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 2,000 shares of the restaurant operator’s stock valued at $113,000 after buying an additional 1,000 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Red Robin Gourmet Burgers by 6.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,871 shares of the restaurant operator’s stock valued at $122,000 after buying an additional 112 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in Red Robin Gourmet Burgers in the 3rd quarter valued at $147,000. Advisor Group Inc. acquired a new stake in Red Robin Gourmet Burgers in the 2nd quarter valued at $163,000. Finally, 361 Capital LLC acquired a new stake in Red Robin Gourmet Burgers in the 3rd quarter valued at $212,000.

Shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) traded up $0.70 during midday trading on Tuesday, hitting $53.90. 433,700 shares of the stock were exchanged, compared to its average volume of 326,125. The company has a market capitalization of $688.20, a PE ratio of 56.74, a price-to-earnings-growth ratio of 1.90 and a beta of 0.44. Red Robin Gourmet Burgers has a 52 week low of $45.35 and a 52 week high of $74.11. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.76.

COPYRIGHT VIOLATION NOTICE: “Red Robin Gourmet Burgers, Inc. (RRGB) Given Average Recommendation of “Buy” by Brokerages” was reported by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally copied and republished in violation of US & international copyright & trademark laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/02/13/red-robin-gourmet-burgers-inc-rrgb-given-average-recommendation-of-buy-by-brokerages.html.

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)

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