Red Robin Gourmet Burgers (NASDAQ:RRGB) PT Lowered to $42.00

Red Robin Gourmet Burgers (NASDAQ:RRGB) had its target price reduced by research analysts at Maxim Group from $44.00 to $42.00 in a research note issued on Thursday, Briefing.com Automated Import reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Maxim Group’s price target would indicate a potential upside of 57.42% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Stifel Nicolaus decreased their price objective on shares of Red Robin Gourmet Burgers from $35.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday. Loop Capital decreased their price objective on shares of Red Robin Gourmet Burgers to $33.00 and set a “hold” rating on the stock in a report on Wednesday. Morgan Stanley upped their price objective on shares of Red Robin Gourmet Burgers from $28.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday, August 26th. Bank of America lowered shares of Red Robin Gourmet Burgers from a “neutral” rating to an “underperform” rating and set a $30.00 price objective on the stock. in a report on Tuesday, August 27th. Finally, ValuEngine lowered shares of Red Robin Gourmet Burgers from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. Red Robin Gourmet Burgers presently has an average rating of “Hold” and a consensus target price of $34.00.

RRGB traded down $0.24 on Thursday, reaching $26.68. 288,000 shares of the company’s stock were exchanged, compared to its average volume of 338,330. The stock’s fifty day moving average price is $31.86 and its 200-day moving average price is $31.95. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.42 and a quick ratio of 0.28. Red Robin Gourmet Burgers has a twelve month low of $24.57 and a twelve month high of $36.85. The stock has a market cap of $414.57 million, a PE 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 quarterly earnings data on Tuesday, November 5th. The restaurant operator reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.02). Red Robin Gourmet Burgers had a positive return on equity of 4.87% and a negative net margin of 0.82%. The company had revenue of $294.22 million during the quarter, compared to analyst estimates of $289.52 million. During the same quarter in the prior year, the company posted $0.16 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. As a group, research analysts predict that Red Robin Gourmet Burgers will post 0.85 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kavar Capital Partners LLC purchased a new stake in Red Robin Gourmet Burgers during the 2nd quarter worth approximately $31,000. Tower Research Capital LLC TRC increased its stake in Red Robin Gourmet Burgers by 65.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,102 shares of the restaurant operator’s stock worth $125,000 after buying an additional 1,629 shares during the period. Aperio Group LLC purchased a new stake in Red Robin Gourmet Burgers during the 2nd quarter worth approximately $153,000. State of Tennessee Treasury Department increased its stake in Red Robin Gourmet Burgers by 8.5% during the 3rd quarter. State of Tennessee Treasury Department now owns 5,697 shares of the restaurant operator’s stock worth $189,000 after buying an additional 448 shares during the period. Finally, Harvest Management LLC purchased a new stake in Red Robin Gourmet Burgers during the 3rd quarter worth approximately $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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