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

StockNews.com cut shares of Red Robin Gourmet Burgers (NASDAQ:RRGB - Free Report) from a hold rating to a sell rating in a research note published on Saturday.

Separately, CL King raised Red Robin Gourmet Burgers from a "neutral" rating to a "buy" rating and set a $10.00 price target on the stock in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Red Robin Gourmet Burgers presently has an average rating of "Moderate Buy" and an average target price of $13.38.

Red Robin Gourmet Burgers Trading Down 1.1 %

Shares of RRGB stock traded down $0.05 during midday trading on Friday, reaching $4.52. 204,143 shares of the stock were exchanged, compared to its average volume of 400,793. Red Robin Gourmet Burgers has a 1 year low of $2.97 and a 1 year high of $9.20. The firm has a market cap of $78.95 million, a PE ratio of -1.37 and a beta of 2.70. The company's 50 day moving average is $5.43 and its two-hundred day moving average is $5.10.

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Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share for the quarter, missing the consensus estimate of ($0.50) by ($0.44). The company had revenue of $285.23 million during the quarter, compared to the consensus estimate of $285.20 million. During the same quarter last year, the firm posted ($0.66) earnings per share. As a group, equities analysts expect that Red Robin Gourmet Burgers will post -2.94 EPS for the current fiscal year.

Institutional Trading of Red Robin Gourmet Burgers

A number of institutional investors and hedge funds have recently modified their holdings of the business. JCP Investment Management LLC increased its holdings in Red Robin Gourmet Burgers by 281.6% in the 4th quarter. JCP Investment Management LLC now owns 1,860,668 shares of the restaurant operator's stock worth $10,215,000 after buying an additional 1,373,077 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its stake in shares of Red Robin Gourmet Burgers by 8.7% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,069,632 shares of the restaurant operator's stock worth $5,872,000 after acquiring an additional 85,518 shares during the period. GSA Capital Partners LLP raised its holdings 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 valued at $2,800,000 after purchasing an additional 526,016 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Red Robin Gourmet Burgers by 112.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 394,471 shares of the restaurant operator's stock valued at $2,166,000 after purchasing an additional 208,862 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in Red Robin Gourmet Burgers during the third quarter valued at approximately $1,082,000. Institutional investors own 84.04% of the company's stock.

About Red Robin Gourmet Burgers

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.