Wunderlich restated their hold rating on shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) in a report released on Friday, American Banking & Market News reports. Wunderlich currently has a $70.00 price objective on the stock.
Shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) traded up 0.03% on Friday, hitting $71.1201. The stock had a trading volume of 93,190 shares. Red Robin Gourmet Burgers has a one year low of $27.18 and a one year high of $71.52. The stock has a 50-day moving average of $66.59 and a 200-day moving average of $55.4. The company has a market cap of $1.018 billion and a P/E ratio of 33.52.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings results on Thursday, August 15th. The company reported $0.77 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.66 by $0.11. The company had revenue of $238.30 million for the quarter, compared to the consensus estimate of $239.61 million. During the same quarter last year, the company posted $0.52 earnings per share. Red Robin Gourmet Burgers’s revenue was up 6.5% compared to the same quarter last year. Analysts expect that Red Robin Gourmet Burgers will post $2.29 EPS for the current fiscal year.
A number of other firms have also recently commented on RRGB. Analysts at KeyCorp raised their price target on shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) from $68.00 to $75.00 in a research note to investors on Friday. They now have a buy rating on the stock. Separately, analysts at Piper Jaffray Cos. upgraded shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) from an underweight rating to a neutral rating in a research note to investors on Wednesday, September 25th. They now have a $68.00 price target on the stock, up previously from $52.00. Finally, analysts at Jefferies Group upgraded shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) from a hold rating to a buy rating in a research note to investors on Tuesday, August 20th. They now have a $72.00 price target on the stock, up previously from $53.00. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $61.45.
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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