Red Robin Gourmet Burgers, Inc. (RRGB) Receives Average Recommendation of “Hold” from Brokerages

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has received a consensus recommendation of “Hold” from the sixteen brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $43.00.

RRGB has been the subject of several analyst reports. Maxim Group reissued a “buy” rating on shares of Red Robin Gourmet Burgers in a research note on Thursday, January 3rd. TheStreet downgraded Red Robin Gourmet Burgers from a “c” rating to a “d+” rating in a research note on Friday, March 15th. Morgan Stanley lowered their price objective on Red Robin Gourmet Burgers from $35.00 to $33.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 27th. Jefferies Financial Group downgraded Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating in a research note on Wednesday, December 19th. Finally, ValuEngine raised Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research note on Thursday, January 17th.

Shares of Red Robin Gourmet Burgers stock opened at $27.33 on Thursday. The company has a market capitalization of $381.16 million, a PE ratio of 16.90, a P/E/G ratio of 2.15 and a beta of 0.86. Red Robin Gourmet Burgers has a 52 week low of $25.46 and a 52 week high of $67.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.58 and a quick ratio of 0.42.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings data on Tuesday, February 26th. The restaurant operator reported $0.43 EPS for the quarter, topping the consensus estimate of $0.37 by $0.06. The firm had revenue of $306.78 million during the quarter, compared to the consensus estimate of $308.03 million. Red Robin Gourmet Burgers had a positive return on equity of 5.77% and a negative net margin of 0.48%. The company’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.78 earnings per share. On average, equities research analysts predict that Red Robin Gourmet Burgers will post 1.42 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of RRGB. Metropolitan Life Insurance Co. NY increased its position in shares of Red Robin Gourmet Burgers by 461.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,731 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 3,888 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in shares of Red Robin Gourmet Burgers during the fourth quarter valued at approximately $132,000. Pacer Advisors Inc. increased its position in shares of Red Robin Gourmet Burgers by 215.1% during the third quarter. Pacer Advisors Inc. now owns 3,633 shares of the restaurant operator’s stock valued at $146,000 after acquiring an additional 2,480 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Red Robin Gourmet Burgers during the fourth quarter valued at approximately $175,000. Finally, Texas Permanent School Fund increased its position in shares of Red Robin Gourmet Burgers by 3.9% during the fourth quarter. Texas Permanent School Fund now owns 8,493 shares of the restaurant operator’s stock valued at $227,000 after acquiring an additional 315 shares during the last quarter.

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. 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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