Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) have received a consensus recommendation of “Hold” from the fourteen analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $68.60.

RRGB has been the topic of a number of research analyst reports. Zacks Investment Research raised Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Tuesday, October 10th. Raymond James Financial set a $75.00 price objective on Red Robin Gourmet Burgers and gave the stock a “buy” rating in a report on Wednesday, August 9th. Canaccord Genuity reissued a “buy” rating and set a $80.00 price objective (down previously from $90.00) on shares of Red Robin Gourmet Burgers in a report on Wednesday, August 9th. Maxim Group reissued a “buy” rating and set a $75.00 price objective on shares of Red Robin Gourmet Burgers in a report on Wednesday, August 9th. Finally, BTIG Research raised Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Wednesday, August 9th.

Shares of Red Robin Gourmet Burgers (NASDAQ RRGB) traded down $3.45 during midday trading on Thursday, hitting $48.95. The stock had a trading volume of 768,989 shares, compared to its average volume of 813,644. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.37 and a current ratio of 0.56. The firm has a market cap of $633.22, a price-to-earnings ratio of 23.76, a price-to-earnings-growth ratio of 2.09 and a beta of 0.57. Red Robin Gourmet Burgers has a fifty-two week low of $45.20 and a fifty-two week high of $74.11.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings data on Monday, November 6th. The restaurant operator reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.09). The company had revenue of $304.20 million for the quarter, compared to analyst estimates of $308.44 million. Red Robin Gourmet Burgers had a net margin of 0.94% and a return on equity of 7.32%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 EPS. analysts predict that Red Robin Gourmet Burgers will post 2.26 earnings per share for the current year.

In other news, COO Carin Stutz bought 715 shares of the stock in a transaction dated Tuesday, November 14th. The stock was bought at an average cost of $49.15 per share, with a total value of $35,142.25. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.66% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Texas Permanent School Fund grew its stake in shares of Red Robin Gourmet Burgers by 0.9% during the second quarter. Texas Permanent School Fund now owns 9,396 shares of the restaurant operator’s stock worth $613,000 after purchasing an additional 86 shares during the period. Municipal Employees Retirement System of Michigan grew its stake in Red Robin Gourmet Burgers by 3.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 3,040 shares of the restaurant operator’s stock valued at $198,000 after acquiring an additional 110 shares during the period. Public Employees Retirement System of Ohio grew its stake in Red Robin Gourmet Burgers by 6.4% in the second quarter. Public Employees Retirement System of Ohio now owns 1,871 shares of the restaurant operator’s stock valued at $122,000 after acquiring an additional 112 shares during the period. Teachers Advisors LLC grew its stake in Red Robin Gourmet Burgers by 0.6% in the first quarter. Teachers Advisors LLC now owns 21,896 shares of the restaurant operator’s stock valued at $1,280,000 after acquiring an additional 126 shares during the period. Finally, Voya Investment Management LLC grew its stake in Red Robin Gourmet Burgers by 7.4% in the second quarter. Voya Investment Management LLC now owns 6,548 shares of the restaurant operator’s stock valued at $427,000 after acquiring an additional 454 shares during the period.

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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.

Analyst Recommendations for Red Robin Gourmet Burgers (NASDAQ:RRGB)

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