Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Investment analysts at Jefferies Group decreased their Q3 2017 earnings per share estimates for shares of Red Robin Gourmet Burgers in a research report issued on Tuesday. Jefferies Group analyst A. Slagle now forecasts that the restaurant operator will post earnings per share of $0.27 for the quarter, down from their previous forecast of $0.37. Jefferies Group also issued estimates for Red Robin Gourmet Burgers’ Q4 2017 earnings at $1.09 EPS.

RRGB has been the topic of a number of other research reports. Stephens reissued an “overweight” rating and set a $75.00 price objective on shares of Red Robin Gourmet Burgers in a report on Friday, May 19th. BidaskClub lowered shares of Red Robin Gourmet Burgers from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Maxim Group raised their target price on shares of Red Robin Gourmet Burgers from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, May 11th. Raymond James Financial, Inc. restated a “strong-buy” rating and set a $85.00 target price on shares of Red Robin Gourmet Burgers in a research report on Tuesday, July 25th. Finally, Canaccord Genuity restated a “hold” rating and set a $62.00 target price on shares of Red Robin Gourmet Burgers in a research report on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $72.80.

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Shares of Red Robin Gourmet Burgers (RRGB) opened at 58.60 on Thursday. The company has a market cap of $754.12 million, a price-to-earnings ratio of 85.92 and a beta of 0.62. The stock has a 50 day moving average of $62.81 and a 200 day moving average of $58.40. Red Robin Gourmet Burgers has a 12-month low of $40.85 and a 12-month high of $74.11.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings results on Tuesday, August 8th. The restaurant operator reported $0.61 EPS for the quarter, beating the consensus estimate of $0.51 by $0.10. Red Robin Gourmet Burgers had a net margin of 0.64% and a return on equity of 8.07%. The business had revenue of $315.80 million during the quarter, compared to analyst estimates of $315.69 million. During the same quarter in the previous year, the business posted $0.75 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year.

In related news, Director Glenn B. Kaufman sold 4,000 shares of Red Robin Gourmet Burgers stock in a transaction on Friday, May 26th. The shares were sold at an average price of $72.25, for a total value of $289,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert Blaine Aiken, Jr. sold 2,946 shares of Red Robin Gourmet Burgers stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $71.80, for a total transaction of $211,522.80. Following the completion of the transaction, the director now owns 6,547 shares in the company, valued at $470,074.60. The disclosure for this sale can be found here. Company insiders own 2.66% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. ClariVest Asset Management LLC purchased a new position in Red Robin Gourmet Burgers during the second quarter worth $105,000. Public Employees Retirement System of Ohio raised its position in Red Robin Gourmet Burgers by 10.3% in the first quarter. Public Employees Retirement System of Ohio now owns 1,759 shares of the restaurant operator’s stock worth $103,000 after buying an additional 164 shares during the period. Acadian Asset Management LLC purchased a new position in Red Robin Gourmet Burgers during the second quarter worth $149,000. Benjamin F. Edwards & Company Inc. raised its position in Red Robin Gourmet Burgers by 74.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,431 shares of the restaurant operator’s stock worth $142,000 after buying an additional 1,037 shares during the period. Finally, State of Alaska Department of Revenue raised its position in Red Robin Gourmet Burgers by 77.8% in the second quarter. State of Alaska Department of Revenue now owns 2,542 shares of the restaurant operator’s stock worth $165,000 after buying an additional 1,112 shares during the period.

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.

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