Red Robin Gourmet Burgers (RRGB) Downgraded by BidaskClub

Red Robin Gourmet Burgers (NASDAQ:RRGB) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report released on Friday.

RRGB has been the topic of several other research reports. Stephens reaffirmed an “overweight” rating on shares of Red Robin Gourmet Burgers in a report on Wednesday, November 7th. Canaccord Genuity reaffirmed a “hold” rating and issued a $42.00 price target on shares of Red Robin Gourmet Burgers in a report on Wednesday, August 22nd. Wells Fargo & Co lowered their price target on Red Robin Gourmet Burgers from $43.00 to $36.00 and set a “market perform” rating on the stock in a report on Wednesday, November 7th. Gordon Haskett began coverage on Red Robin Gourmet Burgers in a report on Thursday, October 18th. They issued a “hold” rating and a $38.00 price target on the stock. Finally, Zacks Investment Research cut Red Robin Gourmet Burgers from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $48.67.

Shares of RRGB opened at $32.80 on Friday. The stock has a market cap of $433.08 million, a P/E ratio of 13.17, a P/E/G ratio of 2.05 and a beta of 0.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.38 and a current ratio of 0.59. Red Robin Gourmet Burgers has a 52-week low of $30.02 and a 52-week high of $67.10.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings results on Tuesday, November 6th. The restaurant operator reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. Red Robin Gourmet Burgers had a return on equity of 6.96% and a net margin of 0.95%. The firm had revenue of $294.90 million for the quarter, compared to analysts’ expectations of $304.11 million. During the same quarter last year, the firm posted $0.21 EPS. The company’s revenue was down 3.5% compared to the same quarter last year. As a group, research analysts expect that Red Robin Gourmet Burgers will post 1.69 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC purchased a new position in shares of Red Robin Gourmet Burgers during the 2nd quarter valued at about $141,000. Pacer Advisors Inc. raised its holdings in shares of Red Robin Gourmet Burgers by 215.1% during the 3rd quarter. Pacer Advisors Inc. now owns 3,633 shares of the restaurant operator’s stock valued at $146,000 after buying an additional 2,480 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Red Robin Gourmet Burgers during the 2nd quarter valued at about $207,000. SG Americas Securities LLC purchased a new position in shares of Red Robin Gourmet Burgers during the 2nd quarter valued at about $220,000. Finally, MetLife Investment Advisors LLC raised its holdings in shares of Red Robin Gourmet Burgers by 59.0% during the 3rd quarter. MetLife Investment Advisors LLC now owns 9,322 shares of the restaurant operator’s stock valued at $374,000 after buying an additional 3,459 shares in the last quarter.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants in the United States and Canada. As of December 31, 2017, it operated 480 company-owned restaurants located in 39 states and 2 Canadian provinces; and had 86 casual-dining restaurants operated by franchisees in 15 states.

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Analyst Recommendations for Red Robin Gourmet Burgers (NASDAQ:RRGB)

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