BidaskClub lowered shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) from a hold rating to a sell rating in a report issued on Saturday morning.

A number of other research firms also recently issued reports on RRGB. Stifel Nicolaus lifted their price target on shares of Red Robin Gourmet Burgers from $60.00 to $65.00 and gave the company a hold rating in a research report on Wednesday, April 18th. TheStreet upgraded Red Robin Gourmet Burgers from a c+ rating to a b rating in a research report on Thursday, April 26th. Canaccord Genuity restated a buy rating and set a $75.00 price objective on shares of Red Robin Gourmet Burgers in a research report on Friday, April 20th. Maxim Group upgraded Red Robin Gourmet Burgers from a hold rating to a buy rating and lifted their price objective for the stock from $60.00 to $71.00 in a research report on Wednesday, May 16th. Finally, ValuEngine downgraded Red Robin Gourmet Burgers from a hold rating to a sell rating in a research report on Friday, May 18th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $54.40.

RRGB stock opened at $37.65 on Friday. Red Robin Gourmet Burgers has a 12-month low of $36.20 and a 12-month high of $70.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.52 and a quick ratio of 0.33. The company has a market cap of $488.89 million, a PE ratio of 15.12, a P/E/G ratio of 1.95 and a beta of 0.24.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings results on Tuesday, May 22nd. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.07). Red Robin Gourmet Burgers had a net margin of 1.65% and a return on equity of 7.80%. The company had revenue of $421.50 million for the quarter, compared to analyst estimates of $427.01 million. During the same quarter in the previous year, the business posted $0.89 earnings per share. Red Robin Gourmet Burgers’s revenue was up .2% on a year-over-year basis. analysts forecast that Red Robin Gourmet Burgers will post 1.91 earnings per share for the current year.

In other Red Robin Gourmet Burgers news, CFO Guy J. Constant purchased 5,000 shares of the business’s stock in a transaction on Friday, May 25th. The stock was bought at an average cost of $49.52 per share, for a total transaction of $247,600.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.64% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp raised its holdings in Red Robin Gourmet Burgers by 9.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 179,038 shares of the restaurant operator’s stock valued at $8,343,000 after acquiring an additional 15,571 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Red Robin Gourmet Burgers by 118.8% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 20,812 shares of the restaurant operator’s stock valued at $970,000 after acquiring an additional 11,298 shares during the last quarter. Mackay Shields LLC raised its holdings in Red Robin Gourmet Burgers by 35.9% in the 2nd quarter. Mackay Shields LLC now owns 88,500 shares of the restaurant operator’s stock valued at $4,124,000 after acquiring an additional 23,400 shares during the last quarter. Rhumbline Advisers raised its holdings in Red Robin Gourmet Burgers by 4.9% in the 2nd quarter. Rhumbline Advisers now owns 31,938 shares of the restaurant operator’s stock valued at $1,488,000 after acquiring an additional 1,497 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Red Robin Gourmet Burgers by 18.2% in the 2nd quarter. Sei Investments Co. now owns 20,154 shares of the restaurant operator’s stock valued at $939,000 after acquiring an additional 3,101 shares during the last quarter.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants in the United States and Canada. As of December 31, 2017, it operated 480 company-owned restaurants located in 39 states and 2 Canadian provinces; and had 86 casual-dining restaurants operated by franchisees in 15 states.

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

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