Red Robin (RRGB) Earns Daily Media Sentiment Rating of 0.12

Media coverage about Red Robin (NASDAQ:RRGB) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Red Robin earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media stories about the restaurant operator an impact score of 45.7484542316313 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

NASDAQ:RRGB opened at $58.65 on Friday. Red Robin has a fifty-two week low of $45.70 and a fifty-two week high of $74.11. The stock has a market capitalization of $762.57, a PE ratio of 23.55, a PEG ratio of 2.30 and a beta of 0.32. The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 0.71.

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Red Robin (NASDAQ:RRGB) last released its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.24. Red Robin had a net margin of 2.17% and a return on equity of 8.63%. The business had revenue of $342.35 million for the quarter, compared to analysts’ expectations of $330.51 million. During the same period last year, the business earned $0.35 EPS. The company’s revenue was up 17.5% compared to the same quarter last year. equities research analysts forecast that Red Robin will post 2.65 EPS for the current year.

A number of research analysts have commented on RRGB shares. BidaskClub downgraded shares of Red Robin from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Zacks Investment Research raised shares of Red Robin from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Jefferies Group raised shares of Red Robin from a “hold” rating to a “buy” rating and raised their target price for the company from $58.00 to $63.00 in a research report on Saturday, December 30th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $56.00 price target (down from $57.00) on shares of Red Robin in a report on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $66.73.

In related news, Director Richard J. Howell sold 3,416 shares of Red Robin stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $62.79, for a total value of $214,490.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pattye L. Moore sold 1,500 shares of Red Robin stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $57.98, for a total transaction of $86,970.00. Following the completion of the sale, the director now owns 3,047 shares of the company’s stock, valued at $176,665.06. The disclosure for this sale can be found here. 2.66% of the stock is currently owned by company insiders.

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About Red Robin

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.

Insider Buying and Selling by Quarter for Red Robin (NASDAQ:RRGB)

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