Red Robin Gourmet Burgers (NASDAQ:RRGB) Cut to “Strong Sell” at BidaskClub

Red Robin Gourmet Burgers (NASDAQ:RRGB) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued on Saturday, BidAskClub reports.

A number of other brokerages also recently weighed in on RRGB. Stephens set a $36.00 price objective on shares of Red Robin Gourmet Burgers and gave the stock a “buy” rating in a research report on Monday, August 26th. Morgan Stanley upped their price objective on shares of Red Robin Gourmet Burgers from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, August 26th. Zacks Investment Research upgraded shares of Red Robin Gourmet Burgers from a “sell” rating to a “strong-buy” rating and set a $35.00 price objective for the company in a research report on Monday, August 5th. Stifel Nicolaus decreased their price objective on shares of Red Robin Gourmet Burgers from $35.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, Raymond James reiterated a “hold” rating on shares of Red Robin Gourmet Burgers in a research report on Friday, September 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $34.00.

Shares of Red Robin Gourmet Burgers stock opened at $26.68 on Friday. The firm has a 50-day simple moving average of $31.86 and a two-hundred day simple moving average of $31.95. The company has a market cap of $414.57 million, a P/E ratio of 15.42, a price-to-earnings-growth ratio of 3.06 and a beta of 1.23. Red Robin Gourmet Burgers has a fifty-two week low of $24.57 and a fifty-two week high of $36.85. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.28 and a current ratio of 0.42.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings data on Tuesday, November 5th. The restaurant operator reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). The firm had revenue of $294.22 million during the quarter, compared to analyst estimates of $289.52 million. Red Robin Gourmet Burgers had a positive return on equity of 4.87% and a negative net margin of 0.82%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the company posted $0.16 EPS. Equities research analysts forecast that Red Robin Gourmet Burgers will post 0.85 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Kavar Capital Partners LLC purchased a new stake in Red Robin Gourmet Burgers during the 2nd quarter valued at about $31,000. Tower Research Capital LLC TRC grew its stake in Red Robin Gourmet Burgers by 65.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,102 shares of the restaurant operator’s stock valued at $125,000 after acquiring an additional 1,629 shares in the last quarter. Aperio Group LLC purchased a new stake in Red Robin Gourmet Burgers during the 2nd quarter valued at about $153,000. State of Tennessee Treasury Department grew its stake in Red Robin Gourmet Burgers by 8.5% during the 3rd quarter. State of Tennessee Treasury Department now owns 5,697 shares of the restaurant operator’s stock valued at $189,000 after acquiring an additional 448 shares in the last quarter. Finally, Harvest Management LLC purchased a new stake in Red Robin Gourmet Burgers during the 3rd quarter valued at about $233,000.

About Red Robin Gourmet Burgers

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. The company's restaurants primarily offer burgers; various appetizers, salads, soups, seafood, and other entrees; and desserts, 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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