Red Robin Gourmet Burgers (NASDAQ:RRGB) Earns Buy Rating from Analysts at Craig Hallum

Craig Hallum began coverage on shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) in a report issued on Thursday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $20.00 target price on the restaurant operator’s stock.

A number of other analysts have also issued reports on the company. Benchmark reiterated a buy rating and set a $18.00 price objective on shares of Red Robin Gourmet Burgers in a research note on Monday, April 15th. StockNews.com lowered Red Robin Gourmet Burgers from a hold rating to a sell rating in a research note on Thursday, April 18th.

Red Robin Gourmet Burgers Price Performance

Shares of NASDAQ RRGB opened at $7.01 on Thursday. Red Robin Gourmet Burgers has a one year low of $5.56 and a one year high of $16.50. The stock has a market capitalization of $109.36 million, a PE ratio of -5.23 and a beta of 2.83. The business’s fifty day moving average price is $7.13 and its 200-day moving average price is $9.00.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings data on Wednesday, February 28th. The restaurant operator reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.23). Red Robin Gourmet Burgers had a negative net margin of 1.61% and a negative return on equity of 17,823.75%. The company had revenue of $309.00 million for the quarter, compared to the consensus estimate of $304.73 million. As a group, equities analysts expect that Red Robin Gourmet Burgers will post -1.61 EPS for the current fiscal year.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

A number of institutional investors have recently added to or reduced their stakes in RRGB. First Eagle Investment Management LLC increased its stake in Red Robin Gourmet Burgers by 70.9% in the 3rd quarter. First Eagle Investment Management LLC now owns 755,626 shares of the restaurant operator’s stock worth $6,075,000 after acquiring an additional 313,373 shares during the last quarter. Fund 1 Investments LLC increased its stake in Red Robin Gourmet Burgers by 253.0% in the 4th quarter. Fund 1 Investments LLC now owns 304,429 shares of the restaurant operator’s stock worth $3,796,000 after acquiring an additional 218,187 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its stake in Red Robin Gourmet Burgers by 23.0% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 637,588 shares of the restaurant operator’s stock worth $7,951,000 after acquiring an additional 119,351 shares during the last quarter. Acuitas Investments LLC boosted its holdings in shares of Red Robin Gourmet Burgers by 30.5% in the 4th quarter. Acuitas Investments LLC now owns 470,206 shares of the restaurant operator’s stock worth $5,863,000 after purchasing an additional 109,809 shares in the last quarter. Finally, RK Capital Management LLC boosted its holdings in shares of Red Robin Gourmet Burgers by 14.1% in the 3rd quarter. RK Capital Management LLC now owns 390,900 shares of the restaurant operator’s stock worth $3,143,000 after purchasing an additional 48,300 shares in the last quarter. 84.04% of the stock is currently owned by institutional investors.

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.