Somewhat Positive News Coverage Somewhat Unlikely to Impact Red Robin Gourmet Burgers (RRGB) Stock Price

News coverage about Red Robin Gourmet Burgers (NASDAQ:RRGB) has trended somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Red Robin Gourmet Burgers earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave headlines about the restaurant operator an impact score of 46.0418951018491 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Shares of Red Robin Gourmet Burgers (NASDAQ RRGB) opened at $52.55 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.37 and a current ratio of 0.56. The firm has a market cap of $680.44, a P/E ratio of 55.32, a P/E/G ratio of 1.88 and a beta of 0.44. Red Robin Gourmet Burgers has a twelve month low of $45.20 and a twelve month high of $74.11.

A number of analysts recently commented on RRGB shares. BidaskClub upgraded shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating in a research note on Saturday, December 30th. Jefferies Group upgraded shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and upped their price target for the company from $58.00 to $63.00 in a research note on Saturday, December 30th. BTIG Research dropped their price target on shares of Red Robin Gourmet Burgers from $70.00 to $63.00 and set a “buy” rating on the stock in a research note on Tuesday, November 7th. Maxim Group restated a “buy” rating and set a $75.00 price target on shares of Red Robin Gourmet Burgers in a research note on Monday, October 30th. Finally, Zacks Investment Research upgraded 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 note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $68.18.

In related news, COO Carin Stutz purchased 715 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were purchased at an average price of $49.15 per share, with a total value of $35,142.25. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.66% of the company’s stock.

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Red Robin Gourmet Burgers Company Profile

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.

Insider Buying and Selling by Quarter for Red Robin Gourmet Burgers (NASDAQ:RRGB)

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