Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) reached a new 52-week low during trading on Tuesday . The stock traded as low as $46.32 and last traded at $47.00, with a volume of 99,420 shares trading hands. The stock had previously closed at $48.95.

Several research firms have commented on RRGB. Maxim Group cut their target price on Red Robin Gourmet Burgers from $77.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday. TheStreet cut Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Jefferies Group reiterated 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 note on Thursday, May 19th. Finally, Morgan Stanley reiterated a “hold” rating on shares of Red Robin Gourmet Burgers in a research note on Wednesday, May 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $82.60.

The company’s 50-day moving average price is $49.57 and its 200 day moving average price is $58.15. The stock has a market cap of $630.22 million and a PE ratio of 14.33.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings data on Tuesday, May 17th. The company reported $1.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.16. The firm had revenue of $402.10 million for the quarter, compared to analysts’ expectations of $416.30 million. During the same quarter in the previous year, the business earned $1.10 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities research analysts predict that Red Robin Gourmet Burgers Inc. will post $3.39 earnings per share for the current year.

In related news, CEO Stephen E. Carley acquired 1,050 shares of the company’s stock in a transaction dated Friday, May 20th. The shares were bought at an average price of $48.04 per share, for a total transaction of $50,442.00. Following the purchase, the chief executive officer now directly owns 14,974 shares in the company, valued at approximately $719,350.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Carin Stutz acquired 960 shares of the company’s stock in a transaction dated Friday, May 27th. The shares were bought at an average price of $52.20 per share, for a total transaction of $50,112.00. Following the purchase, the chief operating officer now owns 2,218 shares in the company, valued at $115,779.60. The disclosure for this purchase can be found here.

Several large investors recently made changes to their positions in the company. California State Teachers Retirement System boosted its stake in shares of 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 worth $1,617,000 after buying an additional 400 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Red Robin Gourmet Burgers by 8.3% in the fourth quarter. Rhumbline Advisers now owns 18,461 shares of the company’s stock worth $1,140,000 after buying an additional 1,410 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of 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 worth $2,827,000 after buying an additional 2,226 shares in the last quarter. Mutual of America Capital Management LLC boosted its stake in shares of 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 worth $3,149,000 after buying an additional 304 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Red Robin Gourmet Burgers by 37.4% in the fourth quarter. Victory Capital Management Inc. now owns 306,210 shares of the company’s stock worth $18,905,000 after buying an additional 83,378 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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