Research analysts at Jefferies Group raised their earnings per share (EPS) estimates on shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) in a report released on Wednesday, AmericanBankingNews.com reports. The firm currently has a “buy” rating and a $90.00 price target on the company’s shares. They previously had a $72.00 price target on the stock. Jefferies Group’s price target indicates a potential upside of 6.89% from the company’s current price.
Shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) traded down 1.97% on Wednesday, hitting $82.54. The stock had a trading volume of 152,071 shares. Red Robin Gourmet Burgers has a 52-week low of $30.43 and a 52-week high of $86.83. The stock’s 50-day moving average is $72.72 and its 200-day moving average is $60.8. The company has a market cap of $1.182 billion and a price-to-earnings ratio of 39.70.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. The company had revenue of $230.70 million for the quarter, compared to the consensus estimate of $228.94 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. On average, analysts predict that Red Robin Gourmet Burgers will post $2.29 earnings per share for the current fiscal year.
RRGB has been the subject of a number of other recent research reports. Analysts at Zacks reiterated an “outperform” rating on shares of Red Robin Gourmet Burgers in a research note to investors on Wednesday. They now have a $101.00 price target on the stock. Separately, analysts at Bank of America Corp. downgraded shares of Red Robin Gourmet Burgers from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday. They now have a $80.00 price target on the stock, up previously from $64.00. Finally, analysts at Telsey Advisory Group raised their price target on shares of Red Robin Gourmet Burgers from $81.00 to $97.00 in a research note to investors on Wednesday. They now have a “not rated” rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $80.60.
Red Robin Gourmet Burgers, Inc (NASDAQ:RRGB) together with its subsidiaries, is a casual dining restaurant chain focused on serving gourmet burgers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.