Shares of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $5.95 and traded as high as $6.24. Red Robin Gourmet Burgers shares last traded at $5.97, with a volume of 137,462 shares.
Analyst Ratings Changes
Several brokerages recently weighed in on RRGB. Craig Hallum lowered their target price on Red Robin Gourmet Burgers from $15.00 to $11.50 and set a "buy" rating on the stock in a report on Friday, August 23rd. Benchmark dropped their target price on Red Robin Gourmet Burgers from $18.00 to $16.00 and set a "buy" rating on the stock in a report on Tuesday, August 20th. Finally, Lake Street Capital reduced their price objective on Red Robin Gourmet Burgers from $17.00 to $16.00 and set a "buy" rating for the company in a research report on Friday, August 23rd.
Read Our Latest Analysis on RRGB
Red Robin Gourmet Burgers Trading Up 1.2 %
The firm has a market capitalization of $95.13 million, a P/E ratio of -2.29 and a beta of 2.75. The company's fifty day moving average is $4.51 and its 200-day moving average is $5.95.
Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last issued its quarterly earnings results on Thursday, August 22nd. The restaurant operator reported ($0.48) EPS for the quarter, missing analysts' consensus estimates of ($0.41) by ($0.07). The firm had revenue of $300.15 million during the quarter, compared to the consensus estimate of $295.57 million. During the same period in the previous year, the business posted ($0.24) EPS. On average, equities research analysts anticipate that Red Robin Gourmet Burgers, Inc. will post -2.37 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in RRGB. Headlands Technologies LLC bought a new position in Red Robin Gourmet Burgers during the first quarter valued at about $25,000. Quarry LP bought a new position in Red Robin Gourmet Burgers in the second quarter worth $25,000. PNC Financial Services Group Inc. boosted its stake in Red Robin Gourmet Burgers by 57.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,791 shares of the restaurant operator's stock worth $85,000 after buying an additional 2,491 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Red Robin Gourmet Burgers in the 2nd quarter valued at $55,000. Finally, Virtu Financial LLC acquired a new position in shares of Red Robin Gourmet Burgers in the 1st quarter valued at $149,000. Institutional investors and hedge funds own 84.04% of the company's stock.
Red Robin Gourmet Burgers Company Profile
(
Get Free Report)
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.
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