Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Receives Average Recommendation of “Hold” from Brokerages

Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) have received an average recommendation of “Hold” from the five research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $9.6667.

A number of research analysts have recently issued reports on RRGB shares. Benchmark reissued a “buy” rating on shares of Red Robin Gourmet Burgers in a report on Monday, November 17th. Zacks Research lowered shares of Red Robin Gourmet Burgers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Jefferies Financial Group upgraded shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a research report on Monday, December 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Red Robin Gourmet Burgers in a report on Thursday, January 22nd.

Red Robin Gourmet Burgers Price Performance

NASDAQ RRGB opened at $3.79 on Tuesday. The company has a fifty day moving average of $4.02 and a two-hundred day moving average of $5.26. The company has a market capitalization of $68.07 million, a PE ratio of -1.17 and a beta of 2.32. Red Robin Gourmet Burgers has a 1 year low of $2.50 and a 1 year high of $7.89.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its earnings results on Monday, November 10th. The restaurant operator reported ($0.70) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.08. The firm had revenue of $265.13 million during the quarter, compared to analyst estimates of $256.75 million. On average, research analysts expect that Red Robin Gourmet Burgers will post -2.94 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Pacific Ridge Capital Partners LLC boosted its position in shares of Red Robin Gourmet Burgers by 8.8% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,388,465 shares of the restaurant operator’s stock worth $5,623,000 after purchasing an additional 112,526 shares in the last quarter. Bandera Partners LLC lifted its stake in shares of Red Robin Gourmet Burgers by 58.8% in the second quarter. Bandera Partners LLC now owns 1,350,000 shares of the restaurant operator’s stock valued at $7,816,000 after purchasing an additional 500,000 shares during the period. Vanguard Group Inc. lifted its stake in shares of Red Robin Gourmet Burgers by 1.4% in the third quarter. Vanguard Group Inc. now owns 752,809 shares of the restaurant operator’s stock valued at $5,164,000 after purchasing an additional 10,735 shares during the period. Simcoe Capital LLC purchased a new stake in Red Robin Gourmet Burgers during the fourth quarter worth about $1,989,000. Finally, Mink Brook Asset Management LLC acquired a new position in Red Robin Gourmet Burgers during the third quarter worth about $3,152,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, trading on NASDAQ under the ticker RRGB, is a leading casual dining restaurant company headquartered in Greenwood Village, Colorado. The company specializes in offering a diverse menu centered on gourmet burgers, bottomless steak fries, salads, sandwiches and a selection of alcoholic beverages. Red Robin operates restaurants under its flagship Red Robin® brand, serving guests through both dine-in and off-premises channels, including delivery and carry-out. The company also leverages technology and loyalty programs to enhance the guest experience and drive repeat visits.

Founded in 1969 in Seattle, Washington, Red Robin began as a small tavern before evolving into a family-friendly restaurant concept focused on premium burgers.