Red Robin Gourmet Burgers (NASDAQ:RRGB) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Jefferies Group upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and increased their price target for the stock from $58.00 to $63.00 in a report on Saturday, December 30th. Canaccord Genuity restated a “buy” rating and set a $80.00 price target on shares of Red Robin Gourmet Burgers in a report on Sunday, October 1st. Raymond James Financial cut Red Robin Gourmet Burgers from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $77.50 to $65.00 in a report on Tuesday, November 7th. Finally, Maxim Group cut Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and cut their price target for the stock from $75.00 to $60.00 in a report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $69.45.

Shares of Red Robin Gourmet Burgers (RRGB) opened at $52.45 on Tuesday. The firm has a market cap of $678.71, a P/E ratio of 54.64, a price-to-earnings-growth ratio of 1.90 and a beta of 0.56. 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 52-week low of $45.20 and a 52-week high of $74.11.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings results on Monday, November 6th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 7.32% and a net margin of 0.94%. Red Robin Gourmet Burgers’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.38 earnings per share. equities research analysts forecast that Red Robin Gourmet Burgers will post 2.26 earnings per share for the current fiscal year.

In other news, COO Carin Stutz bought 715 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were bought at an average cost of $49.15 per share, for a total transaction of $35,142.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.66% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio lifted its holdings in shares of Red Robin Gourmet Burgers by 6.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,871 shares of the restaurant operator’s stock worth $122,000 after purchasing an additional 112 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of Red Robin Gourmet Burgers by 7.4% in the 2nd quarter. Voya Investment Management LLC now owns 6,548 shares of the restaurant operator’s stock worth $427,000 after purchasing an additional 454 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of Red Robin Gourmet Burgers by 6.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 7,750 shares of the restaurant operator’s stock worth $506,000 after purchasing an additional 470 shares in the last quarter. Numeric Investors LLC lifted its holdings in shares of Red Robin Gourmet Burgers by 13.2% in the 2nd quarter. Numeric Investors LLC now owns 4,300 shares of the restaurant operator’s stock worth $281,000 after purchasing an additional 500 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. lifted its holdings in shares of Red Robin Gourmet Burgers by 100.0% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 2,000 shares of the restaurant operator’s stock worth $113,000 after purchasing an additional 1,000 shares in the last quarter.

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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.

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

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