Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Receives Consensus Rating of “Hold” from Analysts

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has been given a consensus rating of “Hold” by the five brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $9.6667.

A number of research analysts have weighed in on the stock. Benchmark reissued a “buy” rating on shares of Red Robin Gourmet Burgers in a research report on Monday, November 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Red Robin Gourmet Burgers in a research note on Thursday, January 22nd. Jefferies Financial Group raised Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research report on Monday, December 15th. Finally, Zacks Research cut Red Robin Gourmet Burgers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

Several hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets grew its position in Red Robin Gourmet Burgers by 503.0% during the second quarter. BNP Paribas Financial Markets now owns 5,379 shares of the restaurant operator’s stock worth $31,000 after buying an additional 4,487 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of Red Robin Gourmet Burgers by 152.6% during the 2nd quarter. Osaic Holdings Inc. now owns 10,055 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 6,075 shares in the last quarter. Sherbrooke Park Advisers LLC bought a new stake in shares of Red Robin Gourmet Burgers during the third quarter valued at approximately $70,000. Granite Investment Partners LLC acquired a new position in shares of Red Robin Gourmet Burgers in the third quarter valued at $73,000. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of Red Robin Gourmet Burgers in the second quarter valued at $76,000. Institutional investors own 84.04% of the company’s stock.

Red Robin Gourmet Burgers Stock Performance

Shares of RRGB stock opened at $3.76 on Tuesday. The stock’s 50 day simple moving average is $4.08 and its 200 day simple moving average is $5.37. Red Robin Gourmet Burgers has a twelve month low of $2.50 and a twelve month high of $7.89. The company has a market capitalization of $67.53 million, a price-to-earnings ratio of -1.16 and a beta of 2.32.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings results on Monday, November 10th. The restaurant operator reported ($0.70) EPS for the quarter, beating the consensus estimate of ($0.78) by $0.08. The company had revenue of $265.13 million for the quarter, compared to analyst estimates of $256.75 million. On average, analysts forecast that Red Robin Gourmet Burgers will post -2.94 EPS for the current fiscal year.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, trading on NASDAQ under the ticker RRGB, is a leading casual dining restaurant company headquartered in Greenwood Village, Colorado. The company specializes in offering a diverse menu centered on gourmet burgers, bottomless steak fries, salads, sandwiches and a selection of alcoholic beverages. Red Robin operates restaurants under its flagship Red Robin® brand, serving guests through both dine-in and off-premises channels, including delivery and carry-out. The company also leverages technology and loyalty programs to enhance the guest experience and drive repeat visits.

Founded in 1969 in Seattle, Washington, Red Robin began as a small tavern before evolving into a family-friendly restaurant concept focused on premium burgers.