Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) have earned a consensus recommendation of “Hold” from the fifteen analysts that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $37.75.
A number of equities analysts have weighed in on RRGB shares. BidaskClub raised Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating in a research report on Thursday, May 23rd. Maxim Group raised Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and upped their price target for the stock from $30.00 to $49.00 in a research report on Friday, June 14th. TheStreet raised Red Robin Gourmet Burgers from a “d+” rating to a “c” rating in a research report on Thursday, May 30th. Morgan Stanley reduced their price target on Red Robin Gourmet Burgers from $31.00 to $28.00 and set an “equal weight” rating for the company in a research report on Friday, May 31st. Finally, Raymond James reaffirmed a “hold” rating on shares of Red Robin Gourmet Burgers in a research report on Thursday, April 4th.
In related news, Director Glenn B. Kaufman acquired 2,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was bought at an average price of $26.00 per share, with a total value of $52,000.00. Following the acquisition, the director now owns 29,733 shares in the company, valued at approximately $773,058. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Vintage Capital Management Llc acquired 203,336 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was bought at an average cost of $25.97 per share, with a total value of $5,280,635.92. The disclosure for this purchase can be found here. In the last three months, insiders bought 206,336 shares of company stock valued at $5,359,136. 2.08% of the stock is currently owned by insiders.
NASDAQ:RRGB opened at $30.57 on Friday. Red Robin Gourmet Burgers has a twelve month low of $24.57 and a twelve month high of $51.28. The company has a current ratio of 0.44, a quick ratio of 0.30 and a debt-to-equity ratio of 1.90. The business’s 50 day moving average price is $30.65. The firm has a market cap of $412.06 million, a P/E ratio of 25.63, a P/E/G ratio of 2.60 and a beta of 1.02.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings results on Thursday, May 30th. The restaurant operator reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.29). Red Robin Gourmet Burgers had a positive return on equity of 4.14% and a negative net margin of 0.77%. The firm had revenue of $409.87 million for the quarter, compared to analyst estimates of $408.98 million. During the same period last year, the company earned $0.69 EPS. The company’s revenue was down 2.8% compared to the same quarter last year. As a group, research analysts forecast that Red Robin Gourmet Burgers will post 1.26 EPS for the current year.
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. 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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