Red Robin Gourmet Burgers (RRGB) Downgraded to “Sell” at BidaskClub

BidaskClub downgraded shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) from a hold rating to a sell rating in a research report report published on Monday, February 4th.

A number of other brokerages have also recently commented on RRGB. Loop Capital started coverage on Red Robin Gourmet Burgers in a report on Friday, November 2nd. They set a hold rating and a $35.00 target price for the company. ValuEngine raised Red Robin Gourmet Burgers from a strong sell rating to a sell rating in a report on Saturday, November 10th. Maxim Group reduced their target price on Red Robin Gourmet Burgers from $54.00 to $46.00 and set a buy rating for the company in a report on Friday, November 2nd. They noted that the move was a valuation call. Morgan Stanley reduced their target price on Red Robin Gourmet Burgers from $44.00 to $41.00 and set an equal weight rating for the company in a report on Thursday, October 18th. Finally, Zacks Investment Research lowered Red Robin Gourmet Burgers from a hold rating to a strong sell rating in a research report on Tuesday, October 23rd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. Red Robin Gourmet Burgers has a consensus rating of Hold and an average price target of $43.70.

Shares of Red Robin Gourmet Burgers stock opened at $31.34 on Monday. Red Robin Gourmet Burgers has a 12 month low of $25.46 and a 12 month high of $67.10. The company has a market cap of $412.05 million, a price-to-earnings ratio of 18.01, a PEG ratio of 1.87 and a beta of 0.99. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 0.58.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its earnings results on Tuesday, February 26th. The restaurant operator reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. Red Robin Gourmet Burgers had a return on equity of 6.96% and a net margin of 0.95%. The business had revenue of $306.78 million during the quarter, compared to analysts’ expectations of $308.03 million. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The business’s revenue was down 10.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Red Robin Gourmet Burgers will post 1.5 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of RRGB. BlackRock Inc. grew its position in shares of Red Robin Gourmet Burgers by 7.8% in the second quarter. BlackRock Inc. now owns 1,769,762 shares of the restaurant operator’s stock valued at $82,473,000 after purchasing an additional 128,501 shares in the last quarter. Raymond James & Associates grew its position in Red Robin Gourmet Burgers by 79.2% in the second quarter. Raymond James & Associates now owns 21,923 shares of the restaurant operator’s stock worth $1,022,000 after acquiring an additional 9,686 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Red Robin Gourmet Burgers in the second quarter worth approximately $207,000. Bank of New York Mellon Corp grew its position in Red Robin Gourmet Burgers by 9.5% in the second quarter. Bank of New York Mellon Corp now owns 179,038 shares of the restaurant operator’s stock worth $8,343,000 after acquiring an additional 15,571 shares during the period. Finally, Foundry Partners LLC purchased a new position in Red Robin Gourmet Burgers in the third quarter worth approximately $4,794,000.

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. 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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