Red Robin Gourmet Burgers (NASDAQ:RRGB) Rating Reiterated by Benchmark

Red Robin Gourmet Burgers (NASDAQ:RRGB)‘s stock had its “buy” rating reissued by equities research analysts at Benchmark in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $18.00 target price on the restaurant operator’s stock. Benchmark’s target price would indicate a potential upside of 201.00% from the company’s previous close.

Red Robin Gourmet Burgers Stock Performance

Shares of RRGB opened at $5.98 on Monday. The business’s 50-day moving average is $7.73 and its two-hundred day moving average is $9.08. The company has a market capitalization of $93.29 million, a P/E ratio of -4.46 and a beta of 2.83. Red Robin Gourmet Burgers has a fifty-two week low of $5.56 and a fifty-two week high of $16.50.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings results on Wednesday, February 28th. The restaurant operator reported ($0.66) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.23). The company had revenue of $309.00 million for the quarter, compared to analyst estimates of $304.73 million. Red Robin Gourmet Burgers had a negative return on equity of 17,823.75% and a negative net margin of 1.61%. Analysts forecast that Red Robin Gourmet Burgers will post -1.48 EPS for the current year.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

Institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC acquired a new stake in shares of Red Robin Gourmet Burgers during the 2nd quarter valued at about $26,000. Tower Research Capital LLC TRC grew its position in shares of Red Robin Gourmet Burgers by 122.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,610 shares of the restaurant operator’s stock valued at $33,000 after acquiring an additional 1,435 shares during the period. UBS Group AG grew its position in shares of Red Robin Gourmet Burgers by 113.9% during the 1st quarter. UBS Group AG now owns 3,850 shares of the restaurant operator’s stock valued at $55,000 after acquiring an additional 2,050 shares during the period. FMR LLC grew its position in shares of Red Robin Gourmet Burgers by 750.6% during the 1st quarter. FMR LLC now owns 3,947 shares of the restaurant operator’s stock valued at $57,000 after acquiring an additional 3,483 shares during the period. Finally, California State Teachers Retirement System acquired a new stake in shares of Red Robin Gourmet Burgers during the 2nd quarter valued at about $73,000. 84.04% of the stock is currently owned by institutional investors and hedge funds.

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.