Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Equities research analysts at Jefferies Group lowered their FY2017 earnings estimates for shares of Red Robin Gourmet Burgers in a report released on Tuesday. Jefferies Group analyst A. Slagle now anticipates that the restaurant operator will post earnings per share of $2.86 for the year, down from their prior estimate of $2.90. Jefferies Group also issued estimates for Red Robin Gourmet Burgers’ FY2018 earnings at $3.27 EPS.

Several other brokerages also recently commented on RRGB. Canaccord Genuity reaffirmed a “buy” rating and issued a $80.00 target price (down previously from $90.00) on shares of Red Robin Gourmet Burgers in a research note on Wednesday. TheStreet raised shares of Red Robin Gourmet Burgers from a “c” rating to a “b-” rating in a research note on Thursday, May 18th. Zacks Investment Research raised shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Friday, May 19th. Maxim Group reissued a “buy” rating and set a $80.00 price objective (up previously from $75.00) on shares of Red Robin Gourmet Burgers in a research report on Wednesday, May 17th. Finally, BTIG Research raised shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $72.80.

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Red Robin Gourmet Burgers (NASDAQ:RRGB) traded up 1.61% during trading on Friday, reaching $60.00. 42,507 shares of the company were exchanged. Red Robin Gourmet Burgers has a 52-week low of $40.85 and a 52-week high of $74.11. The firm has a 50-day moving average of $62.64 and a 200-day moving average of $58.40. The firm has a market cap of $776.04 million, a price-to-earnings ratio of 93.02 and a beta of 0.62.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings data on Tuesday, August 8th. The restaurant operator reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10. Red Robin Gourmet Burgers had a net margin of 0.64% and a return on equity of 8.00%. The firm had revenue of $315.80 million during the quarter, compared to analyst estimates of $315.69 million. During the same quarter last year, the business posted $0.75 EPS. The company’s revenue was up 3.4% on a year-over-year basis.

Hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its stake in shares of Red Robin Gourmet Burgers by 10.3% in the first quarter. Public Employees Retirement System of Ohio now owns 1,759 shares of the restaurant operator’s stock worth $103,000 after buying an additional 164 shares in the last quarter. ClariVest Asset Management LLC purchased a new stake in shares of Red Robin Gourmet Burgers during the second quarter worth approximately $105,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Red Robin Gourmet Burgers by 74.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,431 shares of the restaurant operator’s stock worth $142,000 after buying an additional 1,037 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Red Robin Gourmet Burgers during the second quarter worth approximately $149,000. Finally, Seven Eight Capital LP purchased a new stake in shares of Red Robin Gourmet Burgers during the second quarter worth approximately $163,000.

In other Red Robin Gourmet Burgers news, Director Glenn B. Kaufman sold 4,000 shares of the stock in a transaction on Friday, May 26th. The shares were sold at an average price of $72.25, for a total value of $289,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert Blaine Aiken, Jr. sold 2,946 shares of the stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $71.80, for a total transaction of $211,522.80. Following the completion of the sale, the director now owns 6,547 shares of the company’s stock, valued at approximately $470,074.60. The disclosure for this sale can be found here. Corporate insiders own 2.66% of the company’s stock.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates, and franchises full-service restaurants in North America and focuses on serving selection of gourmet burgers. The Company’s menu features a line of gourmet burgers, which it makes from ground beef, as well as its line of Red’s Tavern Double Burgers and its Red Robin’s line of half-pound Angus beef burgers with various toppings.

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