Jefferies Group reaffirmed their hold rating on shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) in a report released on Monday. They currently have a $56.00 price target on the stock.

Other equities research analysts also recently issued reports about the company. Maxim Group cut their price target on Red Robin Gourmet Burgers from $71.00 to $63.00 and set a buy rating on the stock in a research report on Tuesday, October 25th. Zacks Investment Research raised shares of Red Robin Gourmet Burgers from a hold rating to a buy rating and set a $61.00 target price on the stock in a research note on Friday, January 6th. Canaccord Genuity reissued a hold rating and set a $45.00 target price on shares of Red Robin Gourmet Burgers in a research note on Sunday, January 8th. Finally, Bank of America Corporation raised shares of Red Robin Gourmet Burgers from an underperform rating to a neutral rating and set a $54.00 target price on the stock in a research note on Wednesday, December 14th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of Buy and an average target price of $65.00.

Analyst Recommendations for Red Robin Gourmet Burgers (NASDAQ:RRGB)

Shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) traded down 1.35% during midday trading on Monday, reaching $51.10. The company’s stock had a trading volume of 24,377 shares. Red Robin Gourmet Burgers has a 52 week low of $40.85 and a 52 week high of $68.97. The company has a 50 day moving average price of $54.02 and a 200-day moving average price of $49.59. The stock has a market capitalization of $656.99 million, a PE ratio of 21.77 and a beta of 0.92.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.38 earnings per share for the quarter, hitting the consensus estimate of $0.38. The company had revenue of $297.30 million for the quarter, compared to the consensus estimate of $301.16 million. Red Robin Gourmet Burgers had a return on equity of 11.87% and a net margin of 2.49%. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.58 EPS. On average, equities research analysts expect that Red Robin Gourmet Burgers will post $2.86 EPS for the current year.

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In related news, CFO Stuart B. Brown sold 14,029 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $53.96, for a total value of $757,004.84. Following the transaction, the chief financial officer now directly owns 15,690 shares of the company’s stock, valued at approximately $846,632.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.66% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mason Street Advisors LLC bought a new position in shares of Red Robin Gourmet Burgers during the second quarter worth $127,000. Municipal Employees Retirement System of Michigan raised its position in shares of Red Robin Gourmet Burgers by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,030 shares of the company’s stock worth $136,000 after buying an additional 50 shares in the last quarter. BlackRock Inc. raised its position in shares of Red Robin Gourmet Burgers by 208.5% in the second quarter. BlackRock Inc. now owns 3,705 shares of the company’s stock worth $176,000 after buying an additional 2,504 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Red Robin Gourmet Burgers by 56.3% in the second quarter. BNP Paribas Arbitrage SA now owns 4,918 shares of the company’s stock worth $233,000 after buying an additional 1,771 shares in the last quarter. Finally, First Midwest Bank Trust Division raised its position in shares of Red Robin Gourmet Burgers by 43.6% in the second quarter. First Midwest Bank Trust Division now owns 6,512 shares of the company’s stock worth $309,000 after buying an additional 1,977 shares in the last quarter.

Red Robin Gourmet Burgers Company Profile

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.

5 Day Chart for NASDAQ:RRGB

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