Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Given Average Rating of “Hold” by Brokerages

Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) have been given an average rating of “Hold” by the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $24.25.

RRGB has been the subject of a number of research reports. Wells Fargo & Co reduced their price objective on Red Robin Gourmet Burgers from $30.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, June 11th. ValuEngine upgraded Red Robin Gourmet Burgers from a “buy” rating to a “strong-buy” rating in a research report on Monday, June 1st. Bank of America upped their price target on Red Robin Gourmet Burgers from $9.00 to $10.00 and gave the stock an “underperform” rating in a research report on Friday, June 12th. Jefferies Financial Group upped their price target on Red Robin Gourmet Burgers from $6.00 to $12.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Finally, Morgan Stanley upped their price target on Red Robin Gourmet Burgers from $9.00 to $12.00 and gave the stock an “equal weight” rating in a research report on Friday, June 12th.

In related news, major shareholder Vintage Capital Management Llc sold 859,900 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $12.27, for a total transaction of $10,550,973.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.22% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Parametric Portfolio Associates LLC lifted its stake in shares of Red Robin Gourmet Burgers by 18.8% in the 1st quarter. Parametric Portfolio Associates LLC now owns 28,262 shares of the restaurant operator’s stock valued at $241,000 after purchasing an additional 4,472 shares during the last quarter. State Street Corp raised its holdings in shares of Red Robin Gourmet Burgers by 13.4% in the first quarter. State Street Corp now owns 438,386 shares of the restaurant operator’s stock worth $3,735,000 after buying an additional 51,795 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Red Robin Gourmet Burgers by 16.8% in the first quarter. Wells Fargo & Company MN now owns 39,110 shares of the restaurant operator’s stock worth $333,000 after buying an additional 5,613 shares during the period. Comerica Bank raised its holdings in shares of Red Robin Gourmet Burgers by 4.0% in the first quarter. Comerica Bank now owns 70,899 shares of the restaurant operator’s stock worth $832,000 after buying an additional 2,726 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Red Robin Gourmet Burgers in the first quarter worth approximately $27,000. 93.24% of the stock is owned by institutional investors and hedge funds.

Red Robin Gourmet Burgers stock opened at $8.74 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.67 and a debt-to-equity ratio of 3.99. The business’s fifty day simple moving average is $9.83 and its two-hundred day simple moving average is $17.45. Red Robin Gourmet Burgers has a 12 month low of $4.04 and a 12 month high of $37.29. The company has a market capitalization of $112.83 million, a price-to-earnings ratio of -0.62 and a beta of 2.53.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings results on Wednesday, June 10th. The restaurant operator reported ($6.66) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.61) by ($5.05). Red Robin Gourmet Burgers had a negative return on equity of 25.04% and a negative net margin of 15.10%. The business had revenue of $306.07 million during the quarter, compared to analysts’ expectations of $305.96 million. On average, equities research analysts predict that Red Robin Gourmet Burgers will post -10.88 EPS for the current year.

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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