Loop Capital Cuts Red Robin Gourmet Burgers (NASDAQ:RRGB) Price Target to $33.00

Red Robin Gourmet Burgers (NASDAQ:RRGB) had its price target trimmed by Loop Capital to $33.00 in a research report report published on Wednesday, The Fly reports. The firm currently has a hold rating on the restaurant operator’s stock.

Several other equities research analysts have also weighed in on the stock. Maxim Group set a $44.00 target price on shares of Red Robin Gourmet Burgers and gave the stock a buy rating in a report on Friday, September 6th. Bank of America lowered shares of Red Robin Gourmet Burgers from a neutral rating to an underperform rating and set a $30.00 target price on the stock. in a report on Tuesday, August 27th. BidaskClub lowered shares of Red Robin Gourmet Burgers from a hold rating to a sell rating in a report on Tuesday, September 24th. Morgan Stanley increased their target price on shares of Red Robin Gourmet Burgers from $28.00 to $30.00 and gave the stock an equal weight rating in a report on Monday, August 26th. Finally, Stephens set a $36.00 price objective on shares of Red Robin Gourmet Burgers and gave the stock a buy rating in a research report on Monday, August 26th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Red Robin Gourmet Burgers presently has an average rating of Hold and a consensus target price of $34.00.

Shares of RRGB stock traded down $0.24 during trading hours on Wednesday, reaching $26.68. 288,000 shares of the company were exchanged, compared to its average volume of 338,330. The stock’s fifty day moving average is $31.86 and its two-hundred day moving average is $31.95. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.42 and a quick ratio of 0.28. The company has a market cap of $414.57 million, a price-to-earnings ratio of 15.42, a P/E/G ratio of 3.06 and a beta of 1.23. Red Robin Gourmet Burgers has a fifty-two week low of $24.57 and a fifty-two week high of $36.85.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its earnings results on Tuesday, November 5th. The restaurant operator reported ($0.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.02). The firm had revenue of $294.22 million during the quarter, compared to analyst estimates of $289.52 million. Red Robin Gourmet Burgers had a positive return on equity of 4.87% and a negative net margin of 0.82%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the business posted $0.16 earnings per share. On average, research analysts anticipate that Red Robin Gourmet Burgers will post 0.85 earnings per share for the current year.

Several hedge funds have recently modified their holdings of RRGB. Morgan Stanley increased its position in shares of Red Robin Gourmet Burgers by 1,720.5% during the second quarter. Morgan Stanley now owns 232,040 shares of the restaurant operator’s stock worth $7,093,000 after acquiring an additional 219,294 shares in the last quarter. B. Riley Financial Inc. increased its position in shares of Red Robin Gourmet Burgers by 1,355.3% during the second quarter. B. Riley Financial Inc. now owns 218,301 shares of the restaurant operator’s stock worth $6,673,000 after acquiring an additional 203,301 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in shares of Red Robin Gourmet Burgers during the second quarter worth $2,931,000. Coatue Management LLC bought a new stake in shares of Red Robin Gourmet Burgers during the second quarter worth $2,512,000. Finally, Vanguard Group Inc. grew its position in Red Robin Gourmet Burgers by 10.0% in the second quarter. Vanguard Group Inc. now owns 871,408 shares of the restaurant operator’s stock valued at $26,639,000 after purchasing an additional 79,427 shares in the last quarter.

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. The company's restaurants primarily offer burgers; various appetizers, salads, soups, seafood, and other entrees; and desserts, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

Recommended Story: Elliott Wave Theory

The Fly

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.