BidaskClub upgraded shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) from a buy rating to a strong-buy rating in a research report released on Thursday.
Other analysts have also recently issued research reports about the company. Zacks Investment Research raised Red Robin Gourmet Burgers from a sell rating to a hold rating in a report on Tuesday, January 9th. Jefferies Group raised Red Robin Gourmet Burgers from a hold rating to a buy rating and increased their price objective for the stock from $58.00 to $63.00 in a report on Saturday, December 30th. Finally, Morgan Stanley reissued an equal weight rating and set a $56.00 price objective (down previously from $57.00) on shares of Red Robin Gourmet Burgers in a report on Monday, February 26th. Five research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Red Robin Gourmet Burgers currently has an average rating of Buy and an average target price of $66.73.
Shares of Red Robin Gourmet Burgers (RRGB) opened at $60.10 on Thursday. The stock has a market capitalization of $778.78, a PE ratio of 26.02, a P/E/G ratio of 2.34 and a beta of 0.41. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.47 and a current ratio of 0.65. Red Robin Gourmet Burgers has a 1-year low of $45.70 and a 1-year high of $74.11.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.24. The business had revenue of $342.35 million for the quarter, compared to analysts’ expectations of $330.51 million. Red Robin Gourmet Burgers had a return on equity of 8.63% and a net margin of 2.17%. The firm’s quarterly revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 EPS. analysts expect that Red Robin Gourmet Burgers will post 2.65 earnings per share for the current fiscal year.
In other Red Robin Gourmet Burgers news, Director Pattye L. Moore sold 1,500 shares of the firm’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $57.98, for a total value of $86,970.00. Following the sale, the director now owns 3,047 shares of the company’s stock, valued at approximately $176,665.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Richard J. Howell sold 3,416 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $62.79, for a total value of $214,490.64. The disclosure for this sale can be found here. Company insiders own 2.66% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Cramer Rosenthal Mcglynn LLC raised its holdings in shares of Red Robin Gourmet Burgers by 17.4% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 295,186 shares of the restaurant operator’s stock valued at $19,777,000 after acquiring an additional 43,720 shares in the last quarter. Nordea Investment Management AB raised its holdings in shares of Red Robin Gourmet Burgers by 1.8% in the 3rd quarter. Nordea Investment Management AB now owns 127,770 shares of the restaurant operator’s stock valued at $8,561,000 after acquiring an additional 2,229 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new stake in shares of Red Robin Gourmet Burgers in the 4th quarter valued at about $1,410,000. Ameriprise Financial Inc. raised its holdings in shares of Red Robin Gourmet Burgers by 5.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 803,475 shares of the restaurant operator’s stock valued at $53,833,000 after acquiring an additional 43,870 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Red Robin Gourmet Burgers by 76.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 216,764 shares of the restaurant operator’s stock valued at $14,523,000 after purchasing an additional 94,254 shares during the last quarter.
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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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