Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Given Average Rating of “Hold” by Brokerages

Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGBGet Rating) have been assigned an average rating of “Hold” from the eight analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $27.29.

Several research analysts have issued reports on the company. StockNews.com began coverage on Red Robin Gourmet Burgers in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research raised Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating and set a $18.00 price target for the company in a research report on Tuesday, January 11th. Finally, Raymond James decreased their target price on Red Robin Gourmet Burgers from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Wednesday, January 26th.

Several hedge funds have recently bought and sold shares of RRGB. Cooper Creek Partners Management LLC boosted its position in shares of Red Robin Gourmet Burgers by 109.3% in the 4th quarter. Cooper Creek Partners Management LLC now owns 671,995 shares of the restaurant operator’s stock worth $11,108,000 after purchasing an additional 350,958 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Red Robin Gourmet Burgers by 150.5% during the 2nd quarter. Morgan Stanley now owns 378,084 shares of the restaurant operator’s stock valued at $12,518,000 after buying an additional 227,172 shares during the period. Marshall Wace LLP lifted its holdings in shares of Red Robin Gourmet Burgers by 1,816.8% during the 4th quarter. Marshall Wace LLP now owns 183,078 shares of the restaurant operator’s stock valued at $3,026,000 after buying an additional 173,527 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Red Robin Gourmet Burgers in the 3rd quarter worth $3,643,000. Finally, Two Sigma Advisers LP purchased a new stake in shares of Red Robin Gourmet Burgers in the 3rd quarter worth $3,146,000. Hedge funds and other institutional investors own 95.24% of the company’s stock.

Shares of RRGB opened at $14.20 on Tuesday. Red Robin Gourmet Burgers has a 52-week low of $12.35 and a 52-week high of $38.96. The business’s fifty day moving average is $16.24 and its 200-day moving average is $17.71. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.34 and a current ratio of 0.46. The firm has a market cap of $224.15 million, a price-to-earnings ratio of -4.45 and a beta of 2.63.

Red Robin Gourmet Burgers (NASDAQ:RRGBGet Rating) last released its quarterly earnings results on Thursday, March 10th. The restaurant operator reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.46). Red Robin Gourmet Burgers had a negative net margin of 4.30% and a negative return on equity of 38.63%. The company had revenue of $283.38 million during the quarter, compared to the consensus estimate of $287.51 million. During the same quarter last year, the firm posted ($1.79) EPS. The company’s quarterly revenue was up 41.0% on a year-over-year basis. As a group, research analysts forecast that Red Robin Gourmet Burgers will post -0.81 EPS for the current fiscal year.

Red Robin Gourmet Burgers Company Profile (Get Rating)

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants. The company's restaurants primarily offer burgers and shareable pizzas; various appetizers, salads, soups, sandwiches, seafood, and other entrees; and desserts, wings, 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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