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

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

Separately, Benchmark reaffirmed a “buy” rating and issued a $18.00 target price on shares of Red Robin Gourmet Burgers in a report on Monday, April 15th.

Red Robin Gourmet Burgers Stock Performance

Shares of Red Robin Gourmet Burgers stock opened at $6.40 on Thursday. Red Robin Gourmet Burgers has a 1 year low of $5.56 and a 1 year high of $16.50. The company has a market capitalization of $99.84 million, a P/E ratio of -4.78 and a beta of 2.83. The company’s fifty day moving average is $7.49 and its two-hundred day moving average is $9.03.

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

Institutional Trading of Red Robin Gourmet Burgers

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC acquired a new position in Red Robin Gourmet Burgers during the second quarter worth about $26,000. Tower Research Capital LLC TRC raised its position in Red Robin Gourmet Burgers by 122.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,610 shares of the restaurant operator’s stock worth $33,000 after acquiring an additional 1,435 shares during the last quarter. UBS Group AG raised its position in Red Robin Gourmet Burgers by 113.9% during the first quarter. UBS Group AG now owns 3,850 shares of the restaurant operator’s stock worth $55,000 after acquiring an additional 2,050 shares during the last quarter. Advisors Asset Management Inc. raised its position in Red Robin Gourmet Burgers by 80.0% during the third quarter. Advisors Asset Management Inc. now owns 6,982 shares of the restaurant operator’s stock worth $56,000 after acquiring an additional 3,103 shares during the last quarter. Finally, FMR LLC raised its position in Red Robin Gourmet Burgers by 750.6% during the first quarter. FMR LLC now owns 3,947 shares of the restaurant operator’s stock worth $57,000 after acquiring an additional 3,483 shares during the last quarter. Institutional investors and hedge funds 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.