BidaskClub cut shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) from a hold rating to a sell rating in a research note released on Friday.

Other equities analysts have also recently issued research reports about the company. Maxim Group decreased their price target on Red Robin Gourmet Burgers from $54.00 to $46.00 and set a buy rating on the stock in a report on Friday, November 2nd. They noted that the move was a valuation call. Morgan Stanley decreased their price target on Red Robin Gourmet Burgers from $44.00 to $41.00 and set an equal weight rating on the stock in a report on Thursday, October 18th. Gordon Haskett initiated coverage on Red Robin Gourmet Burgers in a report on Thursday, October 18th. They issued a hold rating and a $38.00 price target on the stock. Canaccord Genuity reiterated a hold rating and issued a $42.00 price target on shares of Red Robin Gourmet Burgers in a report on Wednesday, August 22nd. Finally, Loop Capital initiated coverage on Red Robin Gourmet Burgers in a report on Friday, November 2nd. They issued a hold rating and a $35.00 price target on the stock. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $48.67.

Red Robin Gourmet Burgers stock traded down $1.02 during mid-day trading on Friday, hitting $31.78. The stock had a trading volume of 264,082 shares, compared to its average volume of 174,722. The stock has a market cap of $425.68 million, a price-to-earnings ratio of 12.76, a P/E/G ratio of 2.02 and a beta of 0.59. Red Robin Gourmet Burgers has a 12 month low of $30.02 and a 12 month high of $67.10. 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 posted its quarterly earnings results on Tuesday, November 6th. The restaurant operator reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.04. The business had revenue of $294.90 million for the quarter, compared to analysts’ expectations of $304.11 million. Red Robin Gourmet Burgers had a return on equity of 6.96% and a net margin of 0.95%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.21 earnings per share. As a group, sell-side analysts expect that Red Robin Gourmet Burgers will post 1.68 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Piedmont Investment Advisors LLC bought a new position in Red Robin Gourmet Burgers during the second quarter worth about $141,000. Pacer Advisors Inc. lifted its holdings in shares of Red Robin Gourmet Burgers by 215.1% during the 3rd quarter. Pacer Advisors Inc. now owns 3,633 shares of the restaurant operator’s stock valued at $146,000 after purchasing an additional 2,480 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Red Robin Gourmet Burgers during the 2nd quarter valued at about $207,000. SG Americas Securities LLC bought a new position in shares of Red Robin Gourmet Burgers during the 2nd quarter valued at about $220,000. Finally, MetLife Investment Advisors LLC lifted its holdings in shares of Red Robin Gourmet Burgers by 59.0% during the 3rd quarter. MetLife Investment Advisors LLC now owns 9,322 shares of the restaurant operator’s stock valued at $374,000 after purchasing an additional 3,459 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. 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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Analyst Recommendations for Red Robin Gourmet Burgers (NASDAQ:RRGB)

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