Red Robin Gourmet Burgers, Inc. (RRGB) COO Carin Stutz Purchases 715 Shares
Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) COO Carin Stutz bought 715 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average cost of $49.15 per share, with a total value of $35,142.25. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Red Robin Gourmet Burgers, Inc. (RRGB) traded up $1.65 during midday trading on Friday, reaching $50.60. 443,168 shares of the company traded hands, compared to its average volume of 609,592. The stock has a market cap of $654.15, a price-to-earnings ratio of 24.05, a PEG ratio of 2.12 and a beta of 0.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.37 and a current ratio of 0.56. Red Robin Gourmet Burgers, Inc. has a 12 month low of $45.20 and a 12 month high of $74.11.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its earnings results on Monday, November 6th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.09). Red Robin Gourmet Burgers had a return on equity of 7.32% and a net margin of 0.94%. The business had revenue of $304.20 million for the quarter, compared to analyst estimates of $308.44 million. During the same period last year, the firm earned $0.38 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. research analysts predict that Red Robin Gourmet Burgers, Inc. will post 2.26 EPS for the current fiscal year.
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Several equities analysts have recently weighed in on RRGB shares. Canaccord Genuity reaffirmed a “buy” rating and set a $80.00 target price (down from $90.00) on shares of Red Robin Gourmet Burgers in a report on Wednesday, August 9th. BTIG Research reaffirmed a “buy” rating and set a $70.00 target price (up from $64.00) on shares of Red Robin Gourmet Burgers in a report on Tuesday, September 12th. Zacks Investment Research lowered shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Jefferies Group LLC cut their target price on shares of Red Robin Gourmet Burgers from $61.00 to $58.00 and set a “hold” rating for the company in a report on Tuesday, November 7th. Finally, Maxim Group reaffirmed a “buy” rating and set a $75.00 target price (down from $80.00) on shares of Red Robin Gourmet Burgers in a report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. Red Robin Gourmet Burgers presently has an average rating of “Hold” and a consensus target price of $69.00.
Red Robin Gourmet Burgers Company Profile
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.
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