Red Robin Gourmet Burgers, Inc. (RRGB) Given Average Recommendation of “Hold” by Analysts
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.
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.
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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