Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) has been assigned an average recommendation of “Hold” from the thirteen research firms that are covering the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $71.69.

A number of equities research analysts recently weighed in on the company. Maxim Group restated a “buy” rating and issued a $77.00 price target (down previously from $81.00) on shares of Red Robin Gourmet Burgers in a report on Friday, June 17th. Zacks Investment Research cut Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. Jefferies Group cut Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and set a $55.00 target price on the stock. in a report on Tuesday, July 26th. Canaccord Genuity assumed coverage on Red Robin Gourmet Burgers in a report on Monday, August 22nd. They set a “hold” rating and a $53.00 target price on the stock. Finally, Bank of America Corp. cut Red Robin Gourmet Burgers from a “buy” rating to an “underperform” rating and set a $50.00 target price on the stock. in a report on Tuesday, September 13th.

Shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) opened at 43.41 on Friday. The stock has a market cap of $576.79 million, a P/E ratio of 14.45 and a beta of 0.78. The company has a 50 day moving average price of $47.67 and a 200 day moving average price of $53.36. Red Robin Gourmet Burgers has a 12-month low of $42.95 and a 12-month high of $82.66.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.80 by $0.05. The firm earned $305.50 million during the quarter, compared to analyst estimates of $313.63 million. Red Robin Gourmet Burgers had a return on equity of 12.47% and a net margin of 3.27%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. Analysts anticipate that Red Robin Gourmet Burgers will post $3.17 earnings per share for the current fiscal year.

In other news, COO Carin Stutz bought 1,077 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The shares were acquired at an average cost of $46.40 per share, with a total value of $49,972.80. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Stuart B. Brown sold 5,846 shares of the stock in a transaction on Thursday, August 11th. The stock was sold at an average price of $53.15, for a total value of $310,714.90. Following the completion of the transaction, the chief financial officer now directly owns 15,790 shares in the company, valued at $839,238.50. The disclosure for this sale can be found here. 2.66% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of RRGB. BlackRock Fund Advisors raised its position in shares of Red Robin Gourmet Burgers by 1.5% in the second quarter. BlackRock Fund Advisors now owns 874,518 shares of the company’s stock valued at $41,478,000 after buying an additional 12,837 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Red Robin Gourmet Burgers by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 728,451 shares of the company’s stock valued at $34,551,000 after buying an additional 23,861 shares during the period. American Century Companies Inc. raised its position in shares of Red Robin Gourmet Burgers by 12.2% in the second quarter. American Century Companies Inc. now owns 421,462 shares of the company’s stock valued at $19,990,000 after buying an additional 45,938 shares during the period. Alliancebernstein L.P. raised its position in shares of Red Robin Gourmet Burgers by 1,501.8% in the second quarter. Alliancebernstein L.P. now owns 366,330 shares of the company’s stock valued at $17,375,000 after buying an additional 343,460 shares during the period. Finally, Glenmede Trust Co. NA raised its position in shares of Red Robin Gourmet Burgers by 179.2% in the second quarter. Glenmede Trust Co. NA now owns 356,345 shares of the company’s stock valued at $16,900,000 after buying an additional 228,702 shares during the period.

About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates and franchises casual-dining restaurants and fast-casual restaurants in North America and focuses on serving a selection of gourmet burgers. The Company is primarily engaged in the sale of food and beverages at the Company-owned restaurants.

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