Red Robin Gourmet Burgers Inc. (NASDAQ:RRGB) was up 1.9% during mid-day trading on Wednesday . The company traded as high as $51.89 and last traded at $51.76, with a volume of 79,466 shares. The stock had previously closed at $50.79.

A number of equities research analysts recently issued reports on RRGB shares. Sterne Agee CRT reissued a “neutral” rating on shares of Red Robin Gourmet Burgers in a research report on Monday, May 16th. Maxim Group reissued a “buy” rating and set a $81.00 price target (down previously from $85.00) on shares of Red Robin Gourmet Burgers in a research report on Tuesday, May 17th. Morgan Stanley reissued a “hold” rating on shares of Red Robin Gourmet Burgers in a research report on Wednesday, May 18th. Jefferies Group reissued a “buy” rating and set a $72.00 price target (down previously from $80.00) on shares of Red Robin Gourmet Burgers in a research report on Thursday, May 19th. Finally, TheStreet downgraded Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating in a research report on Wednesday, July 6th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Red Robin Gourmet Burgers currently has a consensus rating of “Buy” and a consensus target price of $74.40.

The stock has a market cap of $685.21 million and a P/E ratio of 17.17. The firm’s 50 day moving average is $49.52 and its 200-day moving average is $57.00.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its earnings results on Tuesday, August 9th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by $0.05. The company had revenue of $305.50 million for the quarter, compared to the consensus estimate of $313.63 million. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. On average, analysts forecast that Red Robin Gourmet Burgers Inc. will post $3.20 earnings per share for the current year.

In other Red Robin Gourmet Burgers news, COO Carin Stutz purchased 978 shares of the business’s stock in a transaction on Friday, June 17th. The stock was acquired at an average cost of $50.99 per share, for a total transaction of $49,868.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stuart I. Oran sold 1,200 shares of the company’s stock in a transaction dated 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.

A number of hedge funds have bought and sold shares of the stock. Rhumbline Advisers raised 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 during the last quarter. New York State Common Retirement Fund raised 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 during the last quarter. Finally, Trexquant Investment LP raised 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 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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