Maxim Group Reaffirms “Hold” Rating for Red Robin Gourmet Burgers (RRGB)

Red Robin Gourmet Burgers (NASDAQ:RRGB)‘s stock had its “hold” rating reaffirmed by investment analysts at Maxim Group in a report released on Thursday, MarketBeat.com reports. They currently have a $32.00 price objective on the restaurant operator’s stock, up from their prior price objective of $25.00. Maxim Group’s price objective points to a potential downside of 5.02% from the stock’s previous close.

A number of other research firms also recently commented on RRGB. Loop Capital cut their price objective on Red Robin Gourmet Burgers to $31.00 and set a “hold” rating on the stock in a report on Thursday, April 4th. BidaskClub upgraded Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 12th. ValuEngine upgraded Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, TheStreet downgraded Red Robin Gourmet Burgers from a “c” rating to a “d+” rating in a report on Friday, March 15th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $41.50.

Red Robin Gourmet Burgers stock opened at $33.69 on Thursday. The stock has a market capitalization of $429.12 million, a PE ratio of 19.47, a PEG ratio of 2.79 and a beta of 0.90. The company has a current ratio of 0.58, a quick ratio of 0.42 and a debt-to-equity ratio of 0.53. Red Robin Gourmet Burgers has a 12 month low of $25.27 and a 12 month high of $64.15.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings data on Tuesday, February 26th. The restaurant operator reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.05. The company had revenue of $306.78 million for the quarter, compared to the consensus estimate of $308.03 million. Red Robin Gourmet Burgers had a positive return on equity of 5.77% and a negative net margin of 0.48%. The company’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same period last year, the business posted $0.78 EPS. On average, equities analysts forecast that Red Robin Gourmet Burgers will post 1.23 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Federated Investors Inc. PA grew its stake in shares of Red Robin Gourmet Burgers by 68.3% in the first quarter. Federated Investors Inc. PA now owns 1,414 shares of the restaurant operator’s stock valued at $41,000 after buying an additional 574 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of Red Robin Gourmet Burgers by 461.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,731 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 3,888 shares in the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in shares of Red Robin Gourmet Burgers in the fourth quarter valued at about $132,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Red Robin Gourmet Burgers in the fourth quarter valued at about $175,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Red Robin Gourmet Burgers in the first quarter valued at about $208,000.

About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants in the United States and Canada. The company's restaurants primarily offer burgers; various appetizers, salads, soups, seafood, and other entrees; and desserts, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

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

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