Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB)’s share price was up 3.7% on Thursday . The company traded as high as $53.59 and last traded at $53.35, with a volume of 130,719 shares. The stock had previously closed at $51.45.

A number of equities analysts have recently weighed in on RRGB shares. Zacks Investment Research downgraded Red Robin Gourmet Burgers from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 19th. Maxim Group cut their target price on Red Robin Gourmet Burgers from $91.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, April 21st. Sterne Agee CRT restated a “neutral” rating on shares of Red Robin Gourmet Burgers in a research note on Monday, May 16th. Morgan Stanley restated a “hold” rating on shares of Red Robin Gourmet Burgers in a research note on Wednesday, May 18th. Finally, Jefferies Group restated a “buy” rating and issued a $72.00 target price (down previously from $80.00) on shares of Red Robin Gourmet Burgers in a research note on Thursday, May 19th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Red Robin Gourmet Burgers currently has an average rating of “Buy” and an average target price of $77.46.

The firm has a market cap of $692.06 million and a price-to-earnings ratio of 17.33. The stock’s 50 day moving average price is $49.09 and its 200 day moving average price is $57.64.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its 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. The business had revenue of $305.50 million for the quarter, compared to analyst estimates of $313.63 million. During the same period last year, the company earned $0.78 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. Equities analysts forecast that Red Robin Gourmet Burgers Inc. will post $3.20 earnings per share for the current fiscal year.

In other Red Robin Gourmet Burgers news, Director Glenn B. Kaufman bought 2,000 shares of the firm’s stock in a transaction on Friday, May 20th. The stock was acquired at an average price of $47.85 per share, with a total value of $95,700.00. Following the completion of the purchase, the director now owns 23,440 shares of the company’s stock, valued at $1,121,604. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stuart I. Oran sold 1,200 shares of the firm’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 transaction of $63,144.00. The disclosure for this sale can be found here.

Several institutional investors have made changes to their positions in RRGB. RS Investment Management Co. LLC increased its position in shares of Red Robin Gourmet Burgers by 32.8% in the fourth quarter. RS Investment Management Co. LLC now owns 1,187,185 shares of the company’s stock worth $73,297,000 after buying an additional 293,218 shares in the last quarter. Victory Capital Management Inc. boosted its stake in 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 during the last quarter. New York State Common Retirement Fund boosted 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 worth $2,827,000 after buying an additional 2,226 shares during the last quarter. Trexquant Investment LP boosted 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 worth $1,224,000 after buying an additional 4,618 shares during the last quarter. Finally, Rhumbline Advisers boosted 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 worth $1,140,000 after buying an additional 1,410 shares during 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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