Benchmark reaffirmed their buy rating on shares of Red Robin Gourmet Burgers (NASDAQ:RRGB – Free Report) in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a $18.00 target price on the restaurant operator’s stock.
Red Robin Gourmet Burgers Trading Up 1.5 %
RRGB opened at $7.66 on Tuesday. The business’s 50 day moving average is $8.67 and its two-hundred day moving average is $9.27. Red Robin Gourmet Burgers has a 52 week low of $6.11 and a 52 week high of $16.50. The company has a quick ratio of 0.35, a current ratio of 0.49 and a debt-to-equity ratio of 62.16. The firm has a market cap of $119.04 million, a price-to-earnings ratio of -5.72 and a beta of 2.83.
Red Robin Gourmet Burgers (NASDAQ:RRGB – Get Free Report) last issued its earnings results on Wednesday, February 28th. The restaurant operator reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.23). Red Robin Gourmet Burgers had a negative net margin of 1.61% and a negative return on equity of 17,823.75%. The company had revenue of $309.00 million during the quarter, compared to analysts’ expectations of $304.73 million. On average, research analysts predict that Red Robin Gourmet Burgers will post -1.48 EPS for the current year.
Institutional Trading of Red Robin Gourmet Burgers
About Red Robin Gourmet Burgers
Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises casual-dining restaurants, in North America and one Canadian province. Its restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.
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