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

Red Robin Gourmet Burgers (NASDAQ:RRGB) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Separately, CL King upgraded shares of Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 target price for the company in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $13.38.

Red Robin Gourmet Burgers Price Performance

Shares of NASDAQ RRGB opened at $4.52 on Friday. Red Robin Gourmet Burgers has a 1-year low of $2.97 and a 1-year high of $9.20. The business’s 50 day moving average is $5.44 and its two-hundred day moving average is $5.10. The stock has a market capitalization of $78.95 million, a P/E ratio of -1.37 and a beta of 2.70.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its 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 firm had revenue of $285.23 million during the quarter, compared to analysts’ expectations of $285.20 million. During the same quarter in the prior year, the company posted ($0.66) earnings per share. As a group, equities research analysts anticipate that Red Robin Gourmet Burgers will post -2.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

A number of large investors have recently bought and sold shares of the business. JCP Investment Management LLC increased its stake in Red Robin Gourmet Burgers by 281.6% in the fourth quarter. JCP Investment Management LLC now owns 1,860,668 shares of the restaurant operator’s stock worth $10,215,000 after purchasing an additional 1,373,077 shares during the period. Pacific Ridge Capital Partners LLC grew its holdings 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 purchasing an additional 85,518 shares during the last quarter. GSA Capital Partners LLP increased its stake in Red Robin Gourmet Burgers by 482.8% in the 3rd quarter. GSA Capital Partners LLP now owns 634,961 shares of the restaurant operator’s stock worth $2,800,000 after buying an additional 526,016 shares during the period. D. E. Shaw & Co. Inc. lifted its holdings in Red Robin Gourmet Burgers by 112.5% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 394,471 shares of the restaurant operator’s stock valued at $2,166,000 after buying an additional 208,862 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in Red Robin Gourmet Burgers in the 3rd quarter valued at about $1,082,000. Hedge funds and other institutional investors own 84.04% of the company’s stock.

Red Robin Gourmet Burgers Company Profile

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.