Shares of Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) were up 3.7% on Thursday . The stock traded as high as $53.59 and last traded at $53.35, with a volume of 130,719 shares changing hands. The stock had previously closed at $51.45.

Several research firms have commented on RRGB. Jefferies Group downgraded shares of Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and set a $55.00 price target for the company. in a research note on Tuesday, July 26th. Zacks Investment Research upgraded shares of Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research note on Wednesday, July 20th. Maxim Group dropped their price target on shares of Red Robin Gourmet Burgers from $77.00 to $71.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. TheStreet downgraded shares of Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Finally, Morgan Stanley restated a “hold” rating on shares of Red Robin Gourmet Burgers in a research note on Wednesday, May 18th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $77.46.

The company has a 50-day moving average price of $49.13 and a 200 day moving average price of $57.71. The stock has a market capitalization of $694.59 million and a PE ratio of 17.40.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.75 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.80 by $0.05. During the same quarter in the prior year, the company posted $0.78 earnings per share. The business had revenue of $305.50 million for the quarter, compared to the consensus estimate of $313.63 million. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. Analysts expect that Red Robin Gourmet Burgers Inc. will post $3.21 EPS for the current year.

In other news, Director Stuart I. Oran sold 1,200 shares of the firm’s stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $52.62, for a total value of $63,144.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Glenn B. Kaufman bought 2,000 shares of the business’s stock in a transaction dated Friday, May 20th. The stock was acquired at an average cost of $47.85 per share, for a total transaction of $95,700.00. Following the purchase, the director now owns 23,440 shares in the company, valued at approximately $1,121,604. The disclosure for this purchase can be found here.

Several institutional investors have modified their holdings of the stock. Rhumbline Advisers increased its position 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 increased its position 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. Victory Capital Management Inc. increased its position 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. UBS Oconnor LLC acquired a new position in shares of Red Robin Gourmet Burgers during the fourth quarter worth approximately $2,964,000. Finally, Trexquant Investment LP increased its position in shares of Red Robin Gourmet Burgers by 30.4% in the fourth quarter. Trexquant Investment LP now owns 19,818 shares of the company’s stock worth $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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