Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) had its target price lowered by Stifel Nicolaus from $62.00 to $58.00 in a research report released on Tuesday morning, Marketbeat.com reports. The brokerage currently has a hold rating on the restaurant operator’s stock.

Other analysts have also recently issued reports about the stock. BTIG Research reissued a buy rating and issued a $70.00 price objective (up from $64.00) on shares of Red Robin Gourmet Burgers in a research note on Tuesday, September 12th. Raymond James Financial, Inc. set a $75.00 target price on shares of Red Robin Gourmet Burgers and gave the company a buy rating in a research note on Wednesday, August 9th. Canaccord Genuity reaffirmed a buy rating and set a $80.00 target price (down from $90.00) on shares of Red Robin Gourmet Burgers in a research note on Wednesday, August 9th. Maxim Group reaffirmed a buy rating and set a $75.00 target price on shares of Red Robin Gourmet Burgers in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Red Robin Gourmet Burgers from a hold rating to a buy rating and set a $73.00 target price for the company in a research note on Tuesday, October 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $69.00.

Shares of Red Robin Gourmet Burgers (NASDAQ RRGB) remained flat at $$46.95 during midday trading on Tuesday. The company’s stock had a trading volume of 448,700 shares, compared to its average volume of 381,614. The company has a quick ratio of 0.36, a current ratio of 0.56 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $607.35, a PE ratio of 22.79, a PEG ratio of 2.01 and a beta of 0.67. Red Robin Gourmet Burgers has a 1 year low of $45.20 and a 1 year high of $74.11.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings data on Monday, November 6th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.09). The firm had revenue of $304.20 million during the quarter, compared to analysts’ expectations of $308.44 million. Red Robin Gourmet Burgers had a return on equity of 7.32% and a net margin of 0.94%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period last year, the company earned $0.38 earnings per share. analysts forecast that Red Robin Gourmet Burgers will post 2.26 earnings per share for the current year.

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In other Red Robin Gourmet Burgers news, CFO Guy J. Constant acquired 2,500 shares of the company’s stock in a transaction on Monday, August 14th. The stock was acquired at an average cost of $58.88 per share, with a total value of $147,200.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 2.66% of the company’s stock.

Several large investors have recently modified their holdings of RRGB. Public Employees Retirement System of Ohio grew its stake in shares of Red Robin Gourmet Burgers by 10.3% in the 1st 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 in the last quarter. ClariVest Asset Management LLC purchased a new position in shares of Red Robin Gourmet Burgers in the 2nd quarter worth $105,000. Daiwa Securities Group Inc. purchased a new position in shares of Red Robin Gourmet Burgers in the 3rd quarter worth $147,000. Acadian Asset Management LLC purchased a new position in shares of Red Robin Gourmet Burgers in the 2nd quarter worth $149,000. Finally, Seven Eight Capital LP purchased a new position in shares of Red Robin Gourmet Burgers in the 2nd quarter worth $163,000.

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.

Analyst Recommendations for Red Robin Gourmet Burgers (NASDAQ:RRGB)

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