Red Robin Gourmet Burgers, Inc. (RRGB) Receives Consensus Recommendation of “Buy” from Analysts
Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has been given an average recommendation of “Buy” by the fourteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $68.18.
A number of research analysts recently commented on RRGB shares. Zacks Investment Research upgraded shares of Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. BidaskClub lowered shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Tuesday, January 23rd. Jefferies Group upgraded shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and upped their price target for the company from $58.00 to $63.00 in a research note on Saturday, December 30th. Raymond James Financial lowered shares of Red Robin Gourmet Burgers from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from $77.50 to $65.00 in a research note on Tuesday, November 7th. Finally, Maxim Group reiterated a “buy” rating and issued a $75.00 price target on shares of Red Robin Gourmet Burgers in a research note on Monday, October 30th.
Shares of Red Robin Gourmet Burgers (RRGB) traded up $0.70 on Tuesday, reaching $53.90. 433,700 shares of the company were exchanged, compared to its average volume of 326,125. Red Robin Gourmet Burgers has a twelve month low of $45.35 and a twelve month high of $74.11. The firm has a market cap of $688.20, a price-to-earnings ratio of 56.74, a P/E/G ratio of 1.90 and a beta of 0.44. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.37 and a current ratio of 0.56.
TRADEMARK VIOLATION NOTICE: This news story was reported by Daily Political and is the property of of Daily Political. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://www.dailypolitical.com/2018/02/13/red-robin-gourmet-burgers-inc-rrgb-receives-consensus-recommendation-of-buy-from-analysts.html.
About Red Robin Gourmet Burgers
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.
Receive News & Ratings for Red Robin Gourmet Burgers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Robin Gourmet Burgers and related companies with MarketBeat.com's FREE daily email newsletter.