Stephens reissued their overweight rating on shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) in a report released on Wednesday morning, The Fly reports.
Other research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Red Robin Gourmet Burgers from a sell rating to a hold rating in a report on Wednesday, August 22nd. Maxim Group decreased their price objective on shares of Red Robin Gourmet Burgers from $68.00 to $54.00 and set a buy rating for the company in a report on Thursday, August 2nd. Canaccord Genuity restated a hold rating and set a $42.00 price objective on shares of Red Robin Gourmet Burgers in a report on Wednesday, August 22nd. Raymond James cut shares of Red Robin Gourmet Burgers from an outperform rating to a market perform rating and set a $75.00 price objective for the company. in a report on Thursday, August 2nd. Finally, Zacks Investment Research cut shares of Red Robin Gourmet Burgers from a hold rating to a strong sell rating in a report on Monday, August 6th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Red Robin Gourmet Burgers has a consensus rating of Hold and a consensus price target of $48.67.
NASDAQ RRGB traded down $0.32 during trading on Wednesday, reaching $34.58. 169,242 shares of the stock traded hands, compared to its average volume of 323,853. The stock has a market cap of $453.45 million, a P/E ratio of 13.89, a P/E/G ratio of 2.14 and a beta of 0.58. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.35 and a current ratio of 0.59. Red Robin Gourmet Burgers has a fifty-two week low of $30.02 and a fifty-two week high of $67.10.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings data on Tuesday, November 6th. The restaurant operator reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.04. The firm had revenue of $294.90 million during the quarter, compared to analysts’ expectations of $304.11 million. Red Robin Gourmet Burgers had a net margin of 0.95% and a return on equity of 6.96%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.21 earnings per share. Analysts predict that Red Robin Gourmet Burgers will post 1.69 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC acquired a new position in shares of Red Robin Gourmet Burgers in the second quarter valued at approximately $141,000. Winslow Evans & Crocker Inc. boosted its holdings in shares of Red Robin Gourmet Burgers by 75.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,500 shares of the restaurant operator’s stock valued at $164,000 after buying an additional 1,500 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of Red Robin Gourmet Burgers in the second quarter valued at approximately $207,000. SG Americas Securities LLC acquired a new position in shares of Red Robin Gourmet Burgers in the second quarter valued at approximately $220,000. Finally, Bessemer Group Inc. boosted its holdings in shares of Red Robin Gourmet Burgers by 239.3% in the second quarter. Bessemer Group Inc. now owns 9,500 shares of the restaurant operator’s stock valued at $443,000 after buying an additional 6,700 shares during the period.
About Red Robin Gourmet Burgers
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.
Featured Story: Trading Strategy Examples and Plans
Receive News & Ratings for Red Robin Gourmet Burgers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Robin Gourmet Burgers and related companies with MarketBeat.com's FREE daily email newsletter.