Favorable Media Coverage Somewhat Unlikely to Impact Red Robin Gourmet Burgers (RRGB) Stock Price

Media headlines about Red Robin Gourmet Burgers (NASDAQ:RRGB) have been trending positive recently, Accern Sentiment reports. Accern rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Red Robin Gourmet Burgers earned a news impact score of 0.26 on Accern’s scale. Accern also gave news coverage about the restaurant operator an impact score of 45.688028284728 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:

A number of equities research analysts have recently weighed in on the company. BidaskClub raised Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating in a research note on Saturday, December 30th. Stifel Nicolaus assumed coverage on Red Robin Gourmet Burgers in a research note on Monday, October 2nd. They set a “hold” rating and a $62.00 price target for the company. Raymond James Financial downgraded Red Robin Gourmet Burgers from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $77.50 to $65.00 in a research note on Tuesday, November 7th. BTIG Research cut their price target on Red Robin Gourmet Burgers from $70.00 to $63.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th. Finally, Jefferies Group raised Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and raised their price target for the stock from $58.00 to $63.00 in a research note on Friday, December 22nd. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $69.45.

Shares of Red Robin Gourmet Burgers (NASDAQ RRGB) opened at $55.25 on Friday. Red Robin Gourmet Burgers has a one year low of $45.20 and a one year high of $74.11. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.37 and a current ratio of 0.56. The firm has a market capitalization of $713.61, a PE ratio of 57.55, a PEG ratio of 1.98 and a beta of 0.56.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly 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). Red Robin Gourmet Burgers had a return on equity of 7.32% and a net margin of 0.94%. The firm had revenue of $304.20 million for the quarter, compared to analysts’ expectations of $308.44 million. During the same period last year, the business earned $0.38 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. equities research analysts anticipate 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 business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired at an average cost of $49.15 per share, with a total value of $35,142.25. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 2.66% of the stock is currently owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Red Robin Gourmet Burgers (NASDAQ:RRGB)

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