Maxim Group Reports Rating Change and $71 Target On Red Robin Gourmet (NASDAQ:RRGB) May 17, 2018.

May 17, 2018 - By Karla Blount

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Corporate Logo

Big Money Sentiment decreased to 1.08 in Q4 2017. It has change of 0.18, from 2017Q3’s 1.26. The ratio dropped due to Red Robin Gourmet Burgers, Inc. positioning: 22 sold and 53 reduced. 29 funds took stakes and 52 increased stakes. Investors holded 16.20 million in 2017Q3 but now own 17.16 million shares or 5.90% more.

Dimensional Fund Advsrs L P invested in 0.03% or 1.09M shs. Goldman Sachs Gp Incorporated owns 94,675 shs for 0% of their capital. North Star Corp, Illinois-based fund reported 100 shs. Bnp Paribas Arbitrage Sa owns 7,126 shs. Thompson Siegel Walmsley Ltd Liability invested 0.12% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Daiwa Group Inc reported 2,200 shs. Macquarie Grp Inc Limited invested in 0% or 1,300 shs. 9,795 are owned by Manufacturers Life The. Moreover, Citigroup has 0% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 10,727 shs. 5,200 are owned by Teachers Retirement System Of The State Of Kentucky. Boothbay Fund Mgmt stated it has 7,280 shs. Segall Bryant Hamill Ltd Liability Company reported 6,126 shs. Moreover, Credit Suisse Ag has 0% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Teacher Retirement Sys Of Texas invested 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Daruma Capital Management Limited Liability Company owns 935,933 shs.

Red Robin Gourmet Burgers, Inc. had 3 sales and 0 insider purchases since March 5, 2018. This’s net activity of $418,020. $86,975 worth of stock was sold by MOORE PATTYE L on Monday, March 5.

Maxim Group Improved Red Robin Gourmet (NASDAQ:RRGB)’s Rating to Buy.

Maxim Group changed on Wednesday morning the rating of Red Robin Gourmet (NASDAQ:RRGB). The broker has a $71 target price and increased RRGB’s stock rating from Hold to Buy.

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

In total 5 analysts cover Red Robin Gourmet (NASDAQ:RRGB). “Buy” rating has 4, “Sell” are 0, while 1 are “Hold”. (NASDAQ:RRGB) has 80% bullish analysts. With $7500 highest and $56 lowest PT, Red Robin Gourmet has $63.50 average PT or 1.44% above the current ($62.6) price. 8 are the (NASDAQ:RRGB)’s ratings reports on May 17, 2018 according to StockzIntelligence Inc. In Monday, February 26 report Morgan Stanley maintained it with “Equal-Weight” rating and $56 target. On Thursday, December 14 Canaccord Genuity maintained Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) rating. Canaccord Genuity has “Buy” rating and $70.0 target. On Wednesday, May 16 the firm has “Buy” rating given by Maxim Group. On Thursday, April 19 the stock has “Buy” rating by Canaccord Genuity. On Wednesday, January 3 the stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) earned “Hold” rating by Stifel Nicolaus. On Friday, December 22 the rating was upgraded by Jefferies to “Buy”. On Wednesday, April 18 the stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has “Hold” rating given by Stifel Nicolaus. On Wednesday, May 9 Stifel Nicolaus upgraded Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to “Buy” rating.

Ticker’s shares touched $62.6 during the last trading session after 3.81% change.Red Robin Gourmet Burgers, Inc. has 315,789 shares volume, 17.92% up from normal. RRGB is uptrending and has moved 6.37% since May 17, 2017. The stock underperformed the S&P500 by 5.18%.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)’s earnings release is awaited by WallStreet on May, 22, according to Zacks. Analysts expect change of 16.85 % or $0.15 from previous year’s $0.89 EPS compared to current’s $0.74 EPS. RRGB’s profit could reach $9.60M if the current EPS of $0.74 is accurate. Analysts at Wall Street see Red Robin Gourmet Burgers, Inc.’s -5.13 % negative EPS growth compared to $0.78 EPS for previous quarter.

Red Robin Gourmet Burgers, Inc., together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants in the United States and Canada.The firm is worth $812.02 million. As of December 31, 2017, it operated 480 company-owned restaurants located in 39 states and 2 Canadian provinces; and had 86 casual-dining restaurants operated by franchisees in 15 states.The P/E ratio is 27.1.

A couple more Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) news were released by: Benzinga.com which released on May 16, 2018 “Benzinga’s Top Upgrades, Downgrades For May 16, 2018”, also Benzinga.com on May 09, 2018 released “Red Robin Burgers Is ‘Ready To Fly,’ Analyst Says In Upgrade”, the next Benzinga.com is “5 Biggest Price Target Changes For Wednesday” on May 16, 2018. Benzinga.com has article titled “Benzinga’s Top Upgrades, Downgrades For May 9, 2018”.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: