Red Robin Gourmet Burgers (NASDAQ:RRGB) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

A number of other research analysts have also recently commented on RRGB. Maxim Group upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and increased their price target for the company from $60.00 to $71.00 in a research note on Wednesday, May 16th. ValuEngine cut Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Friday, May 18th. BTIG Research cut Red Robin Gourmet Burgers from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 23rd. Stifel Nicolaus cut Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and dropped their price target for the company from $75.00 to $55.00 in a research note on Wednesday, May 23rd. Finally, Morgan Stanley dropped their price target on Red Robin Gourmet Burgers from $56.00 to $52.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 23rd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $53.73.

Shares of RRGB stock opened at $37.60 on Thursday. The firm has a market capitalization of $519.86 million, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 2.17 and a beta of 0.32. Red Robin Gourmet Burgers has a fifty-two week low of $36.20 and a fifty-two week high of $70.10. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.35 and a current ratio of 0.55.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings results on Tuesday, August 21st. The restaurant operator reported $0.46 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.46. Red Robin Gourmet Burgers had a return on equity of 7.20% and a net margin of 1.01%. The company had revenue of $315.39 million during the quarter, compared to analysts’ expectations of $317.38 million. During the same period in the prior year, the company earned $0.61 EPS. Red Robin Gourmet Burgers’s revenue was down .6% compared to the same quarter last year. analysts forecast that Red Robin Gourmet Burgers will post 1.91 earnings per share for the current year.

A number of large investors have recently made changes to their positions in RRGB. Piedmont Investment Advisors LLC bought a new position in Red Robin Gourmet Burgers during the 2nd quarter worth $141,000. Victory Capital Management Inc. bought a new position in Red Robin Gourmet Burgers during the 1st quarter worth $152,000. Winslow Evans & Crocker Inc. raised its position in Red Robin Gourmet Burgers by 75.0% during the 2nd quarter. Winslow Evans & Crocker Inc. now owns 3,500 shares of the restaurant operator’s stock worth $164,000 after purchasing an additional 1,500 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in Red Robin Gourmet Burgers during the 2nd quarter worth $207,000. Finally, SG Americas Securities LLC bought a new position in Red Robin Gourmet Burgers during the 2nd quarter worth $220,000.

About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants in the United States and Canada. As of December 31, 2017, it operated 480 company-owned restaurants located in 39 states and 2 Canadian provinces; and had 86 casual-dining restaurants operated by franchisees in 15 states.

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

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