Maxim Group cut shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) from a buy rating to a hold rating in a report published on Tuesday, MarketBeat Ratings reports. The firm currently has $60.00 target price on the restaurant operator’s stock, down from their prior target price of $75.00.
Several other equities analysts have also recently commented on the stock. BidaskClub cut shares of Red Robin Gourmet Burgers from a hold rating to a sell rating in a research report on Sunday, July 16th. Zacks Investment Research raised shares of Red Robin Gourmet Burgers from a hold rating to a buy rating and set a $73.00 price target on the stock in a research report on Tuesday, October 10th. Raymond James Financial, Inc. reaffirmed a strong-buy rating and set a $85.00 price target on shares of Red Robin Gourmet Burgers in a research report on Tuesday, July 25th. Stifel Nicolaus started coverage on shares of Red Robin Gourmet Burgers in a research report on Monday, October 2nd. They set a hold rating and a $62.00 price target on the stock. Finally, Canaccord Genuity reissued a buy rating and issued a $80.00 target price (down previously from $90.00) on shares of Red Robin Gourmet Burgers in a report on Wednesday, August 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $69.00.
Red Robin Gourmet Burgers (RRGB) remained flat at $$46.95 during trading hours on Tuesday. 448,483 shares of the stock were exchanged, compared to its average volume of 381,613. The company has a current ratio of 0.56, a quick ratio of 0.36 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $623.12, a PE ratio of 23.03, a PEG ratio of 2.03 and a beta of 0.67. Red Robin Gourmet Burgers has a 12-month low of $45.20 and a 12-month high of $74.11.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings data on Monday, November 6th. The restaurant operator reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). The firm had revenue of $304.20 million during the quarter, compared to analysts’ expectations of $308.44 million. Red Robin Gourmet Burgers had a net margin of 0.94% and a return on equity of 7.32%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 earnings per share. analysts forecast that Red Robin Gourmet Burgers will post 2.26 EPS for the current year.
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In other Red Robin Gourmet Burgers news, CFO Guy J. Constant bought 2,500 shares of Red Robin Gourmet Burgers stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average cost of $58.88 per share, for a total transaction of $147,200.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.66% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its holdings in Red Robin Gourmet Burgers by 10.3% during the first quarter. Public Employees Retirement System of Ohio now owns 1,759 shares of the restaurant operator’s stock worth $103,000 after buying an additional 164 shares in the last quarter. ClariVest Asset Management LLC acquired a new position in Red Robin Gourmet Burgers in the 2nd quarter worth approximately $105,000. Daiwa Securities Group Inc. acquired a new position in Red Robin Gourmet Burgers in the 3rd quarter worth approximately $147,000. Acadian Asset Management LLC acquired a new position in Red Robin Gourmet Burgers in the 2nd quarter worth approximately $149,000. Finally, Seven Eight Capital LP acquired a new position in Red Robin Gourmet Burgers in the 2nd quarter worth approximately $163,000.
About Red Robin Gourmet Burgers
Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates, and franchises full-service restaurants in North America and focuses on serving selection of gourmet burgers. The Company’s menu features a line of gourmet burgers, which it makes from ground beef, as well as its line of Red’s Tavern Double Burgers and its Red Robin’s line of half-pound Angus beef burgers with various toppings.
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