Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has been given an average recommendation of “Hold” by the fourteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $69.10.

A number of analysts recently weighed in on RRGB shares. Jefferies Group upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and boosted their target price for the stock from $58.00 to $63.00 in a research report on Friday. BTIG Research dropped their target price on Red Robin Gourmet Burgers from $70.00 to $63.00 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Maxim Group restated a “buy” rating and issued a $75.00 target price on shares of Red Robin Gourmet Burgers in a research report on Monday, October 30th. Canaccord Genuity restated a “buy” rating and issued a $80.00 target price on shares of Red Robin Gourmet Burgers in a research report on Sunday, October 1st. Finally, Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $73.00 target price for the company in a research report on Tuesday, October 10th.

In other news, COO Carin Stutz bought 715 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average price of $49.15 per share, for a total transaction of $35,142.25. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 2.66% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. GSA Capital Partners LLP bought a new stake in Red Robin Gourmet Burgers in the third quarter valued at approximately $650,000. Colony Group LLC bought a new stake in Red Robin Gourmet Burgers in the third quarter valued at approximately $1,574,000. California Public Employees Retirement System lifted its position in Red Robin Gourmet Burgers by 11.4% in the third quarter. California Public Employees Retirement System now owns 30,409 shares of the restaurant operator’s stock valued at $2,037,000 after purchasing an additional 3,109 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Red Robin Gourmet Burgers by 18.3% in the third quarter. Janney Montgomery Scott LLC now owns 8,340 shares of the restaurant operator’s stock valued at $559,000 after purchasing an additional 1,289 shares during the last quarter. Finally, Highbridge Capital Management LLC lifted its position in Red Robin Gourmet Burgers by 1,043.9% in the third quarter. Highbridge Capital Management LLC now owns 110,000 shares of the restaurant operator’s stock valued at $7,370,000 after purchasing an additional 100,384 shares during the last quarter.

Shares of Red Robin Gourmet Burgers (RRGB) traded up $1.95 on Monday, hitting $55.05. The stock had a trading volume of 334,800 shares, compared to its average volume of 378,922. The company has a market cap of $737.81, a P/E ratio of 57.34, a PEG ratio of 2.28 and a beta of 0.55. The company has a current ratio of 0.56, a quick ratio of 0.37 and a debt-to-equity ratio of 0.76. Red Robin Gourmet Burgers has a 12-month low of $45.20 and a 12-month high of $74.11.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings results on Monday, November 6th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.09). The business had revenue of $304.20 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. equities research analysts expect that Red Robin Gourmet Burgers will post 2.26 EPS for the current year.

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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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