Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has received an average rating of “Hold” from the sixteen research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $35.38.

A number of equities analysts have issued reports on the stock. Loop Capital cut their target price on shares of Red Robin Gourmet Burgers to $31.00 and set a “hold” rating on the stock in a report on Thursday, April 4th. BidaskClub raised shares of Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Zacks Investment Research raised shares of Red Robin Gourmet Burgers from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 12th. ValuEngine raised shares of Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Finally, Maxim Group cut shares of Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and cut their target price for the stock from $46.00 to $29.00 in a report on Wednesday, February 27th.

NASDAQ:RRGB traded down $0.38 during mid-day trading on Friday, reaching $33.16. The stock had a trading volume of 3,822 shares, compared to its average volume of 230,761. The company has a market capitalization of $430.54 million, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 2.80 and a beta of 0.90. Red Robin Gourmet Burgers has a 1-year low of $25.27 and a 1-year high of $65.10. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.42 and a current ratio of 0.58.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings results on Tuesday, February 26th. The restaurant operator reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.05. The business had revenue of $306.78 million during the quarter, compared to the consensus estimate of $308.03 million. Red Robin Gourmet Burgers had a positive return on equity of 5.77% and a negative net margin of 0.48%. The company’s revenue for the quarter was down 10.8% compared to the same quarter last year. During the same period last year, the firm earned $0.78 earnings per share. On average, equities research analysts forecast that Red Robin Gourmet Burgers will post 1.23 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC acquired a new position in Red Robin Gourmet Burgers during the 1st quarter worth $208,000. Pinebridge Investments L.P. lifted its position in Red Robin Gourmet Burgers by 13.4% during the 1st quarter. Pinebridge Investments L.P. now owns 20,147 shares of the restaurant operator’s stock worth $580,000 after acquiring an additional 2,379 shares during the last quarter. Geode Capital Management LLC lifted its position in Red Robin Gourmet Burgers by 8.8% during the 1st quarter. Geode Capital Management LLC now owns 153,857 shares of the restaurant operator’s stock worth $4,432,000 after acquiring an additional 12,432 shares during the last quarter. Renaissance Technologies LLC lifted its position in Red Robin Gourmet Burgers by 33.2% during the 1st quarter. Renaissance Technologies LLC now owns 53,266 shares of the restaurant operator’s stock worth $1,535,000 after acquiring an additional 13,266 shares during the last quarter. Finally, GMT Capital Corp lifted its position in Red Robin Gourmet Burgers by 239.5% during the 1st quarter. GMT Capital Corp now owns 103,095 shares of the restaurant operator’s stock worth $2,970,000 after acquiring an additional 72,731 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. The company's restaurants primarily offer burgers; various appetizers, salads, soups, seafood, and other entrees; and desserts, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

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

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