Red Robin Gourmet Burgers, Inc. (RRGB) Receives Consensus Rating of “Hold” from Brokerages
Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has been assigned an average recommendation of “Hold” from the fourteen research firms that are currently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $69.10.
RRGB has been the topic of several recent research reports. Canaccord Genuity reaffirmed a “buy” rating and set a $80.00 target price on shares of Red Robin Gourmet Burgers in a research report on Sunday, October 1st. Stifel Nicolaus initiated coverage on Red Robin Gourmet Burgers in a research report on Monday, October 2nd. They set a “hold” rating and a $62.00 target price on the stock. Zacks Investment Research raised Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Tuesday, October 10th. Maxim Group reaffirmed a “buy” rating and set a $75.00 target price on shares of Red Robin Gourmet Burgers in a research report on Monday, October 30th. Finally, BTIG Research dropped their target price on Red Robin Gourmet Burgers from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Tuesday, November 7th.
Shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) traded down $0.80 during midday trading on Friday, reaching $52.50. The company’s stock had a trading volume of 329,400 shares, compared to its average volume of 292,817. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.56 and a quick ratio of 0.37. The company has a market cap of $689.49, a PE ratio of 55.26, a PEG ratio of 1.92 and a beta of 0.56. Red Robin Gourmet Burgers has a 1-year low of $45.20 and a 1-year high of $74.11.
In other Red Robin Gourmet Burgers news, COO Carin Stutz acquired 715 shares of the stock in a transaction dated Tuesday, November 14th. The stock was purchased at an average price of $49.15 per share, with a total value of $35,142.25. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 2.66% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its stake in Red Robin Gourmet Burgers by 6.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,871 shares of the restaurant operator’s stock worth $122,000 after acquiring an additional 112 shares during the last quarter. Daiwa Securities Group Inc. purchased a new position in Red Robin Gourmet Burgers in the 3rd quarter worth $147,000. Advisor Group Inc. purchased a new position in Red Robin Gourmet Burgers in the 2nd quarter worth $163,000. 361 Capital LLC purchased a new position in Red Robin Gourmet Burgers in the 3rd quarter worth $212,000. Finally, Wedbush Securities Inc. purchased a new position in Red Robin Gourmet Burgers in the 3rd quarter worth $214,000.
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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.
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