Red Robin Gourmet Burgers (RRGB) Receiving Somewhat Favorable Media Coverage, Analysis Finds
Media coverage about Red Robin Gourmet Burgers (NASDAQ:RRGB) has trended somewhat positive on Sunday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Red Robin Gourmet Burgers earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned news stories about the restaurant operator an impact score of 46.8192278546415 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s scoring:
- Traders Buy Large Volume of Red Robin Gourmet Burgers Call Options (RRGB) (americanbankingnews.com)
- Domino’s Pizza (DPZ) vs. Red Robin Gourmet Burgers (RRGB) Critical Analysis (americanbankingnews.com)
- Red Robin Gourmet Burgers, Inc. (RRGB) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
- Red Robin Gourmet Burgers : and Brews Introduces ‘A Year of YUMMM’ Burger Package (4-traders.com)
- Is Red Robin Gourmet Burgers Growing Cold? (finance.yahoo.com)
A number of research analysts have recently weighed in on RRGB shares. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a report on Tuesday, October 10th. Raymond James Financial set a $75.00 price target on Red Robin Gourmet Burgers and gave the stock a “buy” rating in a report on Wednesday, August 9th. Canaccord Genuity reissued a “buy” rating and issued a $80.00 target price (down from $90.00) on shares of Red Robin Gourmet Burgers in a research report on Wednesday, August 9th. Maxim Group reissued a “buy” rating and issued a $75.00 target price on shares of Red Robin Gourmet Burgers in a research report on Wednesday, August 9th. Finally, BTIG Research raised Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $64.00 target price for the company in a research report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $69.00.
Shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) traded down $3.45 during midday trading on Friday, hitting $48.95. The stock had a trading volume of 768,989 shares, compared to its average volume of 813,644. The stock has a market capitalization of $633.22, a PE ratio of 23.76, a PEG ratio of 2.09 and a beta of 0.57. Red Robin Gourmet Burgers has a one year low of $45.20 and a one year high of $74.11. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.37 and a current ratio of 0.56.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings results on Monday, November 6th. The restaurant operator reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.09). The company had revenue of $304.20 million during the quarter, compared to analysts’ expectations of $308.44 million. Red Robin Gourmet Burgers had a net margin of 0.94% and a return on equity of 7.32%. Red Robin Gourmet Burgers’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.38 earnings per share. analysts predict that Red Robin Gourmet Burgers will post 2.26 EPS for the current fiscal year.
In related news, COO Carin Stutz purchased 715 shares of Red Robin Gourmet Burgers stock in a transaction dated Tuesday, November 14th. The stock was bought at an average cost of $49.15 per share, for a total transaction of $35,142.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 2.66% of the stock is currently owned by insiders.
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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