Economy

Red Robin Gourmet Burgers (RRGB) Getting Somewhat Favorable Press Coverage, Analysis Shows

Therefore 29% are positive. Morgan Stanley lifted their price target on Red Robin Gourmet Burgers from $70.00 to $72.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 30th. As per Tuesday, October 25, the company rating was maintained by Maxim Group. The stock now has an average rating of "Hold" and a consensus target price of $61.14. The firm has "Neutral" rating by Bank of America given on Wednesday, December 14.

RRGB has been the topic of several other reports. The firm earned "Underperform" rating on Friday, September 23 by Bank of America. The firm has "Hold" rating given on Monday, September 7 by Zacks. The rating was maintained by RBC Capital Markets on Monday, August 28 with "Hold". The company was upgraded on Friday, May 26 by Canaccord Genuity. Credit Suisse Ag has invested 0% in Red Robin Gourmet Burgers, Inc. The stock tapped a 52-week high of US$22.46 while the mean 12-month price target for the shares is US$4.67. Invesco Van Kampen High Income Trust II (VLT) has $121.61 million valuation. Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action. At one point in the past year, the shares traded as low as $18.23 but has recovered 6.2% since then. Armstrong World Industries Inc (NYSE:AWI) has risen 6.90% since September 15, 2016 and is uptrending. It has underperformed by 10.21% the S&P500. Investment Advisors Lp has invested 1.08% in the stock. Its down 1.17, from 2.17 in 2016Q3.

Institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN now owns 212,862 shares of the restaurant operator's stock worth $12,442,000 after buying an additional 203,299 shares during the last quarter. Addison Clark Management L.L.C. owns 13,000 shares or 1.36% of their United States portfolio. Engineers Gate Manager Ltd Partnership invested in 0.09% or 65,554 shares. 21,944 are owned by Oakmont Corp. Ubs Oconnor Limited Liability owns 137,901 shares. Citigroup Incorporated, New York-based fund reported 17,515 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 643 shares or 0% of all its holdings. Invesco holds 0% or 42,475 shares in its portfolio. Stephens Ar reported 5,200 shares. Rivernorth Mngmt Ltd has 232,679 shares. The company has a market capitalization of $815.69 million, a P/E ratio of 97.83 and a beta of 0.63.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings results on Tuesday, August 8th. It also offers burgers made from chicken breasts, fish fillets, turkey patties, as well as vegetarian and vegan options.

Investors sentiment decreased to 1.33 in Q4 2016. Its up 0.24, from 0.86 in 2016Q3.

Red Robin Gourmet Burgers Inc (RRGB) shares are being closely watched as the Rank Correlation Indicator has shown an upward 3 bar near-term trend, indicating that a reversal might be near. Sei Investments Co. raised its stake in Red Robin Gourmet Burgers by 4.0% in the third quarter. (NASDAQ:RRGB) popped in on a high volume green day. D E Shaw And Inc holds 180,663 shares or 0% of its portfolio. Alliancebernstein Limited Partnership holds 0.02% or 515,340 shares. Swiss Bancshares reported 0% of its portfolio in TrueCar Inc (NASDAQ:TRUE). KBC Group NV raised its holdings in Red Robin Gourmet Burgers by 0.7% in the first quarter. (NASDAQ:RRGB). Rothschild Asset Management reported 56,971 shares. (NASDAQ:RRGB). North Star Investment Management Corporation holds 0% or 100 shares.

Investors are more bearish on Red Robin Gourmet Burgers, Inc. recently at least if you consider the increase in short interest. State Board Of Administration Of Florida Retirement System accumulated 8,488 shares. (NASDAQ:RRGB) news were published by: Fool.com which released: "Why Red Robin Gourmet Burgers, Inc". On average, analysts predict that Red Robin Gourmet Burgers will post $2.77 EPS for the current year. Deutsche Comml Bank Ag invested in 32,649 shares or 0% of the stock.

Since May 26, 2017, it had 0 insider buys, and 3 insider sales for $846,747 activity. 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. (NASDAQ:RRGB) shares were sold by Kaufman Glenn B. Its down 3.49% from 17.53M shares previously.

The stock increased 4.47% or $2.7 on September 15, reaching $63.1. The NASDAQ listed company saw a recent bid of $62.10 on 52565 volume. It has outperformed by 35.85% the S&P500.



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