Media coverage about Red Robin Gourmet Burgers (NASDAQ:RRGB) has been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Red Robin Gourmet Burgers earned a media sentiment score of 0.03 on Accern’s scale. Accern also gave headlines about the restaurant operator an impact score of 71 out of 100, indicating that recent media coverage is likely to have an effect on the company’s share price in the near future.

Shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) traded down 1.75% during midday trading on Thursday, reaching $56.15. The company had a trading volume of 423,796 shares. The stock has a market capitalization of $722.65 million, a PE ratio of 30.68 and a beta of 0.62. The company’s 50-day moving average is $64.27 and its 200-day moving average is $58.25. Red Robin Gourmet Burgers has a 1-year low of $40.85 and a 1-year high of $74.11.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings data on Tuesday, May 16th. The restaurant operator reported $0.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.31. Red Robin Gourmet Burgers had a return on equity of 8.73% and a net margin of 0.69%. The company had revenue of $418.60 million during the quarter, compared to analyst estimates of $416.48 million. During the same period in the previous year, the business earned $1.27 EPS. Red Robin Gourmet Burgers’s quarterly revenue was up 4.1% on a year-over-year basis. On average, equities research analysts forecast that Red Robin Gourmet Burgers will post $2.93 EPS for the current year.

Several research analysts have recently issued reports on the company. TheStreet raised Red Robin Gourmet Burgers from a “c” rating to a “b-” rating in a research note on Thursday, May 18th. Bank of America Corporation upped their target price on Red Robin Gourmet Burgers from $80.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, May 25th. Maxim Group restated a “buy” rating and set a $80.00 price target (up from $75.00) on shares of Red Robin Gourmet Burgers in a report on Wednesday, May 17th. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a report on Friday, May 19th. Finally, Canaccord Genuity upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and increased their target price for the stock from $72.00 to $90.00 in a report on Friday, May 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $74.80.

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In other Red Robin Gourmet Burgers news, Director Glenn B. Kaufman sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $72.25, for a total transaction of $289,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Blaine Aiken, Jr. sold 2,946 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $71.80, for a total value of $211,522.80. Following the sale, the director now owns 6,547 shares of the company’s stock, valued at $470,074.60. The disclosure for this sale can be found here. 2.66% of the stock is currently owned by insiders.

About Red Robin Gourmet Burgers

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.

Insider Buying and Selling by Quarter for Red Robin Gourmet Burgers (NASDAQ:RRGB)

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