Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) shares shot up 2.6% on Monday . The company traded as high as $51.15 and last traded at $51.02, with a volume of 149,262 shares changing hands. The stock had previously closed at $49.72.

A number of brokerages have recently weighed in on RRGB. Zacks Investment Research lowered Red Robin Gourmet Burgers from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 19th. Sterne Agee CRT restated a “neutral” rating on shares of Red Robin Gourmet Burgers in a research report on Monday, May 16th. KeyCorp restated a “buy” rating and set a $90.00 price objective on shares of Red Robin Gourmet Burgers in a research report on Wednesday, March 30th. Maxim Group cut their price objective on Red Robin Gourmet Burgers from $91.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, April 21st. Finally, Jefferies Group restated a “buy” rating and set a $72.00 price objective (down previously from $80.00) on shares of Red Robin Gourmet Burgers in a research report on Thursday, May 19th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $85.89.

The company has a 50-day moving average of $50.85 and a 200-day moving average of $58.72. The company has a market capitalization of $692.99 million and a P/E ratio of 15.76.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its earnings results on Tuesday, May 17th. The company reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.16. The company earned $402.10 million during the quarter, compared to analysts’ expectations of $416.30 million. During the same quarter in the previous year, the firm posted $1.10 earnings per share. Red Robin Gourmet Burgers’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities research analysts expect that Red Robin Gourmet Burgers Inc. will post $3.40 EPS for the current year.

In related news, Director Stuart I. Oran sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, June 22nd. The shares were sold at an average price of $52.62, for a total value of $63,144.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Carin Stutz bought 978 shares of the stock in a transaction that occurred on Friday, June 17th. The stock was bought at an average price of $50.99 per share, with a total value of $49,868.22. The disclosure for this purchase can be found here.

Other large investors have added to or reduced their stakes in the company. Mutual of America Capital Management LLC increased its stake in Red Robin Gourmet Burgers by 0.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 51,008 shares of the company’s stock valued at $3,149,000 after buying an additional 304 shares in the last quarter. California State Teachers Retirement System increased its stake in Red Robin Gourmet Burgers by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 26,196 shares of the company’s stock valued at $1,617,000 after buying an additional 400 shares in the last quarter. Rhumbline Advisers increased its stake in Red Robin Gourmet Burgers by 8.3% in the fourth quarter. Rhumbline Advisers now owns 18,461 shares of the company’s stock valued at $1,140,000 after buying an additional 1,410 shares in the last quarter. New York State Common Retirement Fund increased its stake in Red Robin Gourmet Burgers by 5.1% in the fourth quarter. New York State Common Retirement Fund now owns 45,787 shares of the company’s stock valued at $2,827,000 after buying an additional 2,226 shares in the last quarter. Finally, Trexquant Investment LP increased its stake in Red Robin Gourmet Burgers by 30.4% in the fourth quarter. Trexquant Investment LP now owns 19,818 shares of the company’s stock valued at $1,224,000 after buying an additional 4,618 shares in the last quarter.

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates and franchises casual-dining restaurants and fast-casual restaurants in North America and focuses on serving a selection of gourmet burgers. The Company is primarily engaged in the sale of food and beverages at the Company-owned restaurants.

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