Red Robin Gourmet Burgers (NASDAQ:RRGB) Price Target Cut to $32.00

Red Robin Gourmet Burgers (NASDAQ:RRGB) had its target price lowered by Stifel Nicolaus from $35.00 to $32.00 in a report released on Wednesday morning, Stock Target Advisor reports. Stifel Nicolaus currently has a hold rating on the restaurant operator’s stock.

Several other research firms have also commented on RRGB. ValuEngine lowered shares of Red Robin Gourmet Burgers from a strong-buy rating to a buy rating in a research report on Tuesday, October 29th. Zacks Investment Research upgraded shares of Red Robin Gourmet Burgers from a sell rating to a strong-buy rating and set a $35.00 price target on the stock in a research report on Monday, August 5th. Maxim Group set a $44.00 price target on shares of Red Robin Gourmet Burgers and gave the company a buy rating in a research report on Friday, September 6th. Raymond James restated a hold rating on shares of Red Robin Gourmet Burgers in a research report on Friday, September 6th. Finally, BidaskClub lowered shares of Red Robin Gourmet Burgers from a hold rating to a sell rating in a research report on Tuesday, September 24th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $34.00.

Shares of NASDAQ RRGB traded down $0.24 during midday trading on Wednesday, reaching $26.68. 288,000 shares of the company’s stock traded hands, compared to its average volume of 338,330. The company has a quick ratio of 0.28, a current ratio of 0.42 and a debt-to-equity ratio of 1.85. The stock’s 50 day simple moving average is $31.86 and its 200-day simple moving average is $31.95. Red Robin Gourmet Burgers has a one year low of $24.57 and a one year high of $36.85. The company has a market cap of $414.57 million, a price-to-earnings ratio of 15.42, a P/E/G ratio of 3.06 and a beta of 1.23.

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Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its earnings results on Tuesday, November 5th. The restaurant operator reported ($0.24) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.02). The business had revenue of $294.22 million for the quarter, compared to analysts’ expectations of $289.52 million. Red Robin Gourmet Burgers had a positive return on equity of 4.87% and a negative net margin of 0.82%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the business earned $0.16 EPS. Equities analysts predict that Red Robin Gourmet Burgers will post 0.85 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in RRGB. Kavar Capital Partners LLC acquired a new stake in shares of Red Robin Gourmet Burgers in the second quarter valued at about $31,000. Tower Research Capital LLC TRC grew its position in shares of Red Robin Gourmet Burgers by 65.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,102 shares of the restaurant operator’s stock valued at $125,000 after purchasing an additional 1,629 shares during the period. Aperio Group LLC acquired a new stake in shares of Red Robin Gourmet Burgers in the second quarter valued at about $153,000. State of Tennessee Treasury Department grew its position in shares of Red Robin Gourmet Burgers by 8.5% in the third quarter. State of Tennessee Treasury Department now owns 5,697 shares of the restaurant operator’s stock valued at $189,000 after purchasing an additional 448 shares during the period. Finally, Harvest Management LLC acquired a new stake in shares of Red Robin Gourmet Burgers in the third quarter valued at about $233,000.

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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