Red Robin Gourmet Burgers (NASDAQ:RRGB) Stock Rating Lowered by StockNews.com

Red Robin Gourmet Burgers (NASDAQ:RRGB) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, CL King upgraded shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.38.

Red Robin Gourmet Burgers Stock Performance

Shares of Red Robin Gourmet Burgers stock opened at $4.52 on Friday. The stock has a market cap of $78.95 million, a P/E ratio of -1.37 and a beta of 2.70. The stock’s fifty day moving average is $5.44 and its 200 day moving average is $5.10. Red Robin Gourmet Burgers has a one year low of $2.97 and a one year high of $9.20.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings data on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.44). The firm had revenue of $285.23 million during the quarter, compared to analysts’ expectations of $285.20 million. During the same quarter in the prior year, the firm posted ($0.66) earnings per share. Analysts predict that Red Robin Gourmet Burgers will post -2.94 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. JCP Investment Management LLC grew its holdings in Red Robin Gourmet Burgers by 281.6% during the 4th quarter. JCP Investment Management LLC now owns 1,860,668 shares of the restaurant operator’s stock valued at $10,215,000 after buying an additional 1,373,077 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of Red Robin Gourmet Burgers by 482.8% during the third quarter. GSA Capital Partners LLP now owns 634,961 shares of the restaurant operator’s stock worth $2,800,000 after acquiring an additional 526,016 shares during the last quarter. Verition Fund Management LLC purchased a new position in Red Robin Gourmet Burgers during the third quarter valued at $1,082,000. Bandera Partners LLC bought a new stake in Red Robin Gourmet Burgers in the 4th quarter valued at $1,260,000. Finally, D. E. Shaw & Co. Inc. lifted its stake in Red Robin Gourmet Burgers by 112.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 394,471 shares of the restaurant operator’s stock worth $2,166,000 after purchasing an additional 208,862 shares in the last quarter. 84.04% of the stock is owned by hedge funds and other institutional investors.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises casual-dining restaurants, in North America and one Canadian province. Its restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.