Red Robin Gourmet Burgers (NASDAQ:RRGB) had its price objective raised by BMO Capital Markets from $66.00 to $90.00 in a research report released on Wednesday morning, Stock Ratings Network reports. BMO Capital Markets currently has a market perform rating on the stock.
Shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) opened at 79.30 on Wednesday. Red Robin Gourmet Burgers has a 1-year low of $30.43 and a 1-year high of $86.83. The stock’s 50-day moving average is $73.34 and its 200-day moving average is $61.14. The company has a market cap of $1.135 billion and a P/E ratio of 37.39.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its 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 prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis.
RRGB has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their EPS on shares of Red Robin Gourmet Burgers in a research note to investors on Wednesday. They now have a buy rating and a $90.00 price target on the stock. They previously had a $72.00 price target on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $84.00.
Red Robin Gourmet Burgers, Inc (NASDAQ:RRGB) together with its subsidiaries, is a casual dining restaurant chain focused on serving gourmet burgers.
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