How Many Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)’s Analysts Are Bearish?

September 8, 2018 - By Mark Babin

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.
Guggenheim Capital Limited Company invested in 24,405 shares. Elk Creek Ptnrs Lc invested in 0.86% or 252,633 shares. Nordea Mngmt stated it has 131,221 shares or 0.02% of all its holdings. Citadel Lc holds 338,226 shares. Alliancebernstein L P reported 0.02% stake. Voya Limited Liability Company owns 0.03% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 204,982 shares. Hbk Investments Limited Partnership reported 0.03% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Ls Investment Advisors Lc invested in 0% or 413 shares. Pinebridge Investments Limited Partnership owns 23,477 shares. Hussman Strategic Advsr, Maryland-based fund reported 66,500 shares. Landscape Capital Mngmt Limited Liability Corp has invested 0.71% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Susquehanna International Group Llp has invested 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). North Star Investment accumulated 100 shares. Regions holds 0% or 40 shares in its portfolio. Envestnet Asset Management owns 0% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 1,518 shares.

Since March 13, 2018, it had 1 buying transaction, and 1 insider sale for $33,084 activity. Howell Richard J also sold $214,491 worth of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) on Tuesday, March 13.

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

Among 7 analysts covering Red Robin Gourmet Burgers (NASDAQ:RRGB), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Red Robin Gourmet Burgers had 15 analyst reports since April 18, 2018 according to SRatingsIntel. Raymond James downgraded Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) on Thursday, August 2 to “Market Perform” rating. Bank of America maintained the shares of RRGB in report on Thursday, August 2 with “Buy” rating. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) earned “Buy” rating by Canaccord Genuity on Thursday, April 19. The rating was upgraded by Maxim Group to “Buy” on Wednesday, May 16. The firm earned “Buy” rating on Thursday, August 2 by Maxim Group. The rating was upgraded by Stifel Nicolaus to “Buy” on Wednesday, May 9. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has “Hold” rating given on Thursday, August 2 by Stifel Nicolaus. The firm has “Hold” rating given on Wednesday, April 18 by Stifel Nicolaus. BTIG Research downgraded Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) on Wednesday, May 23 to “Hold” rating. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, May 23 report. Below is a list of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) latest ratings and price target changes.

24/08/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $47 New Target: $44 Maintain
03/08/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $52 New Target: $47 Maintain
02/08/2018 Broker: Bank of America Old Rating: Buy New Rating: Buy Old Target: $64 New Target: $54 Maintain
02/08/2018 Broker: Maxim Group Old Rating: Buy New Rating: Buy Old Target: $68 New Target: $54 Maintain
02/08/2018 Broker: Canaccord Genuity Old Rating: Buy New Rating: Hold Downgrade
02/08/2018 Broker: Raymond James Old Rating: Outperform New Rating: Market Perform Old Target: $75 Downgrade
02/08/2018 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Hold Old Target: $55 New Target: $45 Maintain
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

The stock decreased 0.87% or $0.35 during the last trading session, reaching $40. About 213,568 shares traded. Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has declined 33.33% since September 8, 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 $519.86 million. As of September 6, 2017, it operated approximately 550 Red Robin restaurants. It has a 37.38 P/E ratio.

More important recent Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) news were published by: Nasdaq.com which released: “Market Trends Toward New Normal in Acorda Therapeutics, Red Robin Gourmet Burgers, Plug Power, Group 1 …” on August 14, 2018, also Seekingalpha.com published article titled: “Red Robin: Surprise Surprise”, Benzinga.com published: “10 Stocks To Watch For August 21, 2018” on August 21, 2018. More interesting news about Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) was released by: Fool.com and their article: “Red Robin Gourmet Burgers Earnings: What to Watch” with publication date: August 16, 2018.

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

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