Red Robin Gourmet Burgers (NASDAQ:RRGB) had its price objective decreased by equities researchers at Morgan Stanley from $44.00 to $41.00 in a report issued on Thursday. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Morgan Stanley’s price target suggests a potential upside of 19.57% from the company’s previous close.

Several other research firms have also issued reports on RRGB. Zacks Investment Research lowered Red Robin Gourmet Burgers from a “hold” rating to a “strong sell” rating in a research note on Monday, August 6th. BidaskClub lowered Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. Bank of America dropped their price objective on Red Robin Gourmet Burgers from $64.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, August 2nd. Stifel Nicolaus dropped their price objective on Red Robin Gourmet Burgers from $55.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, August 2nd. Finally, Stephens dropped their price objective on Red Robin Gourmet Burgers from $75.00 to $50.00 and set an “overweight” rating for the company in a research note on Wednesday, August 22nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $52.17.

Shares of NASDAQ RRGB opened at $34.29 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.55 and a quick ratio of 0.35. The firm has a market capitalization of $498.81 million, a P/E ratio of 13.77, a PEG ratio of 2.08 and a beta of 0.28. Red Robin Gourmet Burgers has a one year low of $34.09 and a one year high of $70.10.

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

A number of institutional investors have recently added to or reduced their stakes in RRGB. Piedmont Investment Advisors LLC bought a new stake in shares of Red Robin Gourmet Burgers during the second quarter worth $141,000. Winslow Evans & Crocker Inc. grew its holdings in shares of Red Robin Gourmet Burgers by 75.0% during the second 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 stake in shares of Red Robin Gourmet Burgers during the second quarter worth $207,000. SG Americas Securities LLC bought a new stake in shares of Red Robin Gourmet Burgers during the second quarter worth $220,000. Finally, Bessemer Group Inc. grew its holdings in shares of Red Robin Gourmet Burgers by 239.3% during the second quarter. Bessemer Group Inc. now owns 9,500 shares of the restaurant operator’s stock worth $443,000 after purchasing an additional 6,700 shares during the last quarter.

Red Robin Gourmet Burgers Company Profile

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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