Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has analysts on the Bullish side this week.

July 27, 2018 - By Carolyn Hewitt

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) LogoInvestors sentiment increased to 1.15 in Q1 2018. Its up 0.07, from 1.08 in 2017Q4. It is positive, as 21 investors sold Red Robin Gourmet Burgers, Inc. shares while 44 reduced holdings. 21 funds opened positions while 54 raised stakes. 16.34 million shares or 4.77% less from 17.16 million shares in 2017Q4 were reported.
Parkside Commercial Bank & Tru reported 0% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). North Star Invest Mgmt reported 100 shares. Mackay Shields reported 65,100 shares or 0.02% of all its holdings. State Board Of Administration Of Florida Retirement has 9,514 shares for 0% of their portfolio. Numerixs Technologies Inc invested in 0.07% or 4,800 shares. Texas Permanent School Fund owns 8,578 shares or 0.01% of their US portfolio. 208,989 were accumulated by Monarch Partners Asset Management Lc. Millennium Mgmt Limited Liability Company has 0.04% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). New York State Common Retirement Fund stated it has 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Comerica Fincl Bank owns 71,358 shares or 0.03% of their US portfolio. 23,477 are held by Pinebridge Limited Partnership. Aperio Grp Limited Company owns 0% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 3,904 shares. Prudential stated it has 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Ameritas Inv Prns reported 1,090 shares. Amer Century has 260,659 shares.

Since March 5, 2018, it had 1 buy, and 3 selling transactions for $170,445 activity. $86,975 worth of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) was sold by MOORE PATTYE L on Monday, March 5. $247,575 worth of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) was bought by Constant Guy J.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Ratings Coverage

Among 5 analysts covering Red Robin Gourmet Burgers (NASDAQ:RRGB), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Red Robin Gourmet Burgers has $7500 highest and $52 lowest target. $57.33’s average target is 17.36% above currents $48.85 stock price. Red Robin Gourmet Burgers had 9 analyst reports since February 26, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, May 23 by Stifel Nicolaus. The stock has “Buy” rating by Maxim Group on Wednesday, May 16. The stock has “Buy” rating by Canaccord Genuity on Wednesday, May 23. Canaccord Genuity maintained Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) on Thursday, April 19 with “Buy” rating. As per Wednesday, May 23, the company rating was maintained by Morgan Stanley. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, April 18 report. The stock has “Hold” rating by BTIG Research on Wednesday, May 23. As per Wednesday, May 9, the company rating was upgraded by Stifel Nicolaus. The rating was maintained by Morgan Stanley on Monday, February 26 with “Equal-Weight”. Below is a list of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) latest ratings and price target changes.

23/05/2018 Broker: Canaccord Genuity Rating: Buy New Target: $65.0000 Maintain
23/05/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $56 New Target: $52 Maintain
23/05/2018 Broker: BTIG Research Rating: Hold Downgrade
23/05/2018 Broker: Stifel Nicolaus Old Rating: Buy New Rating: Hold New Target: $55 Downgrade
16/05/2018 Broker: Maxim Group Old Rating: Hold New Rating: Buy Upgrade
09/05/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Buy Old Target: $65 Upgrade
19/04/2018 Broker: Canaccord Genuity Rating: Buy New Target: $75.0000 Maintain
18/04/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Hold Old Target: $60 New Target: $65 Maintain
26/02/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $57 New Target: $56 Maintain

The stock increased 0.62% or $0.3 during the last trading session, reaching $48.85. About 249,079 shares traded. Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has declined 33.33% since July 27, 2017 and is downtrending. It has underperformed by 45.90% the S&P500.

Red Robin Gourmet Burgers, Inc., together with its subsidiaries, develops, operates, and franchises casual-dining and fast-casual restaurants in the United States and Canada. The company has market cap of $634.30 million. As of September 6, 2017, it operated approximately 550 Red Robin restaurants. It has a 27.74 P/E ratio.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Institutional Positions Chart

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