Shares of Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) have been given an average recommendation of “Hold” by the eleven ratings firms that are currently covering the stock. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $65.00.

A number of research analysts have issued reports on the company. Zacks Investment Research lowered Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. Jefferies Group lowered Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and set a $55.00 price target for the company. in a research report on Tuesday, July 26th. Canaccord Genuity started coverage on Red Robin Gourmet Burgers in a research report on Monday, August 22nd. They set a “hold” rating and a $53.00 price target for the company. Bank of America Corp. lowered Red Robin Gourmet Burgers from a “buy” rating to an “underperform” rating and set a $50.00 price objective for the company. in a report on Tuesday, September 13th. Finally, Standpoint Research started coverage on Red Robin Gourmet Burgers in a report on Monday, August 8th. They issued a “buy” rating and a $64.00 price objective for the company.

Shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) opened at 52.90 on Friday. The company’s 50-day moving average price is $45.62 and its 200-day moving average price is $50.37. The stock has a market cap of $680.14 million, a PE ratio of 22.54 and a beta of 0.85. Red Robin Gourmet Burgers has a 52-week low of $40.85 and a 52-week high of $69.35.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.38 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.38. Red Robin Gourmet Burgers had a return on equity of 11.87% and a net margin of 2.49%. The company earned $297.30 million during the quarter, compared to analyst estimates of $301.16 million. During the same quarter in the previous year, the firm posted $0.58 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts expect that Red Robin Gourmet Burgers will post $2.89 earnings per share for the current year.

In other Red Robin Gourmet Burgers news, COO Carin Stutz purchased 1,077 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The shares were purchased at an average cost of $46.40 per share, with a total value of $49,972.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.66% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Smith Graham & Co. Investment Advisors LP raised its position in Red Robin Gourmet Burgers by 38.5% in the second quarter. Smith Graham & Co. Investment Advisors LP now owns 143,204 shares of the company’s stock valued at $6,792,000 after buying an additional 39,820 shares during the last quarter. American Century Companies Inc. raised its position in 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 last quarter. Bank of Montreal Can acquired a new position in Red Robin Gourmet Burgers during the second quarter valued at $197,000. Foundry Partners LLC acquired a new position in Red Robin Gourmet Burgers during the second quarter valued at $1,833,000. Finally, BNP Paribas Arbitrage SA raised its position in Red Robin Gourmet Burgers by 56.3% in the second quarter. BNP Paribas Arbitrage SA now owns 4,918 shares of the company’s stock valued at $233,000 after buying an additional 1,771 shares during the last quarter.

Red Robin Gourmet Burgers Company Profile

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.

5 Day Chart for NASDAQ:RRGB

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