Red Robin Gourmet Burgers (RRGB) Lifted to Buy at Jefferies Group

Jefferies Group upgraded shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) from a hold rating to a buy rating in a research report report published on Friday, Marketbeat Ratings reports. They currently have $63.00 price target on the restaurant operator’s stock, up from their previous price target of $58.00. Jefferies Group also issued estimates for Red Robin Gourmet Burgers’ Q1 2018 earnings at $0.96 EPS, Q2 2018 earnings at $0.63 EPS, Q3 2018 earnings at $0.35 EPS and Q4 2018 earnings at $0.57 EPS.

A number of other analysts also recently weighed in on the company. Raymond James Financial downgraded Red Robin Gourmet Burgers from a strong-buy rating to an outperform rating and dropped their target price for the stock from $77.50 to $65.00 in a research report on Tuesday, November 7th. Stifel Nicolaus dropped their target price on Red Robin Gourmet Burgers from $62.00 to $58.00 and set a hold rating for the company in a research report on Tuesday, November 7th. Maxim Group downgraded Red Robin Gourmet Burgers from a buy rating to a hold rating and dropped their target price for the stock from $75.00 to $60.00 in a research report on Tuesday, November 7th. BTIG Research dropped their target price on Red Robin Gourmet Burgers from $70.00 to $63.00 and set a buy rating for the company in a research report on Tuesday, November 7th. Finally, Zacks Investment Research downgraded Red Robin Gourmet Burgers from a hold rating to a sell rating in a research report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $69.45.

Shares of Red Robin Gourmet Burgers (RRGB) opened at $55.05 on Friday. The firm has a market capitalization of $737.81, a P/E ratio of 57.34, a P/E/G ratio of 2.28 and a beta of 0.55. Red Robin Gourmet Burgers has a 12-month low of $45.20 and a 12-month high of $74.11. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.56 and a quick ratio of 0.37.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its earnings results on Monday, November 6th. The restaurant operator reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.09). The firm had revenue of $304.20 million during the quarter, compared to the consensus estimate of $308.44 million. Red Robin Gourmet Burgers had a return on equity of 7.32% and a net margin of 0.94%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.38 EPS. analysts expect that Red Robin Gourmet Burgers will post 2.26 earnings per share for the current fiscal year.

In related news, COO Carin Stutz acquired 715 shares of the stock in a transaction on Tuesday, November 14th. The stock was purchased at an average price of $49.15 per share, for a total transaction of $35,142.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.66% of the company’s stock.

A number of hedge funds have recently made changes to their positions in RRGB. Texas Permanent School Fund increased its stake in shares of Red Robin Gourmet Burgers by 0.9% during the second quarter. Texas Permanent School Fund now owns 9,396 shares of the restaurant operator’s stock valued at $613,000 after buying an additional 86 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of Red Robin Gourmet Burgers by 3.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,040 shares of the restaurant operator’s stock valued at $198,000 after buying an additional 110 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Red Robin Gourmet Burgers by 6.4% during the second quarter. Public Employees Retirement System of Ohio now owns 1,871 shares of the restaurant operator’s stock valued at $122,000 after buying an additional 112 shares during the period. Teachers Advisors LLC increased its stake in shares of Red Robin Gourmet Burgers by 0.6% during the first quarter. Teachers Advisors LLC now owns 21,896 shares of the restaurant operator’s stock valued at $1,280,000 after buying an additional 126 shares during the period. Finally, Voya Investment Management LLC increased its stake in shares of Red Robin Gourmet Burgers by 7.4% during the second quarter. Voya Investment Management LLC now owns 6,548 shares of the restaurant operator’s stock valued at $427,000 after buying an additional 454 shares during the period.

COPYRIGHT VIOLATION NOTICE: “Red Robin Gourmet Burgers (RRGB) Lifted to Buy at Jefferies Group” was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this article on another publication, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The legal version of this article can be viewed at https://www.com-unik.info/2017/12/25/red-robin-gourmet-burgers-rrgb-lifted-to-buy-at-jefferies-group.html.

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.

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

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit