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 received an average rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three 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 $27.67.

A number of research firms have recently weighed in on RRGB. Zacks Investment Research raised shares of Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating and set a $18.00 price target on the stock in a research note on Tuesday, January 11th. Raymond James cut shares of Red Robin Gourmet Burgers from an “outperform” rating to a “market perform” rating in a research note on Monday, April 18th. Finally, StockNews.com began coverage on shares of Red Robin Gourmet Burgers in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

Shares of RRGB opened at $10.65 on Friday. 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 stock has a market capitalization of $168.11 million, a P/E ratio of -3.34 and a beta of 2.60. The company’s fifty day moving average is $15.18 and its two-hundred day moving average is $16.60. Red Robin Gourmet Burgers has a 1 year low of $10.52 and a 1 year high of $38.96.

Red Robin Gourmet Burgers (NASDAQ:RRGBGet Rating) last posted its quarterly earnings results on Thursday, March 10th. The restaurant operator reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.46). Red Robin Gourmet Burgers had a negative return on equity of 38.63% and a negative net margin of 4.30%. The company had revenue of $283.38 million for the quarter, compared to analyst estimates of $287.51 million. During the same period last year, the company earned ($1.79) earnings per share. The business’s revenue for the quarter was up 41.0% compared to the same quarter last year. Sell-side analysts predict that Red Robin Gourmet Burgers will post -0.81 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Counterpoint Mutual Funds LLC purchased a new position in Red Robin Gourmet Burgers in the 4th quarter valued at about $26,000. O Shaughnessy Asset Management LLC purchased a new position in Red Robin Gourmet Burgers in the 3rd quarter valued at about $36,000. Royal Bank of Canada lifted its holdings in Red Robin Gourmet Burgers by 30.3% in the 2nd quarter. Royal Bank of Canada now owns 2,083 shares of the restaurant operator’s stock valued at $68,000 after purchasing an additional 484 shares in the last quarter. Focused Wealth Management Inc purchased a new position in Red Robin Gourmet Burgers in the 1st quarter valued at about $88,000. Finally, Meeder Asset Management Inc. lifted its holdings in Red Robin Gourmet Burgers by 2,404.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 5,160 shares of the restaurant operator’s stock valued at $118,000 after purchasing an additional 4,954 shares in the last quarter. Institutional investors and hedge funds own 96.29% of the company’s stock.

About Red Robin Gourmet Burgers (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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