Red Robin Gourmet (NASDAQ:RRGB) Was Upgraded From “Hold” By Maxim Group With $71 Target.

May 17, 2018 - By Megan Stone

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

During 2017 Q4 the big money sentiment decreased to 1.08. That’s change of 0.18, from 2017Q3’s 1.26. 22 investors sold all, 53 reduced holdings as Red Robin Gourmet Burgers, Inc. ratio is negative. 52 increased positions while 29 funds amassed positions. Funds hold 17.16 million shares thus 5.90% more from 2017Q3’s 16.20 million shares.

Sg Americas Ltd Liability Corp invested in 0% or 3,003 shs. Aperio Grp Incorporated Ltd Company holds 7,221 shs. Price T Rowe Md owns 2.00M shs or 0.02% of their US capital. Prelude Cap Mngmt Limited Liability Corp has invested 0.03% of its capital in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Virginia Retirement Et Al, a Virginia-based fund reported 9,500 shs. Ameritas Investment Partners reported 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Connor Clark And Lunn Mgmt Limited reported 13,700 shs. State Of Alaska Department Of Revenue invested in 0% or 2,582 shs. 165,946 were accumulated by Retail Bank Of New York Mellon. 20,307 were reported by Raymond James Financial Ser Advsrs. Daruma Cap Management Ltd stated it has 3.29% of its capital in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Asset reported 1,810 shs. Monarch Asset Mngmt Ltd Liability reported 326,648 shs. Jpmorgan Chase accumulated 181,278 shs. Vanguard Gru accumulated 717,903 shs or 0% of the stock.

Red Robin Gourmet Burgers, Inc. had 3 selling transactions and 0 buys since March 5, 2018. This’s net activity of $418,020. On Monday, March 5 MOORE PATTYE L had sold 1,500 shs worth $86,975.

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

Maxim Group changed on Wednesday, 16 May the rating of Red Robin Gourmet (NASDAQ:RRGB). The broker has a $71 TP and raised 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”. 80% are bullish. With $7500 highest and $56 lowest target Red Robin Gourmet has $63.50 average target or 1.44% above the current ($62.6) price. 8 are the (NASDAQ:RRGB)’s analyst reports since December 14, 2017 according to StockzIntelligence Inc. On Wednesday, May 9 the firm has “Buy” rating given by Stifel Nicolaus. On Wednesday, May 16 Maxim Group upgraded Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to “Buy” rating. On Monday, February 26 Morgan Stanley maintained Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) with “Equal-Weight” rating. On Wednesday, January 3 the stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has “Hold” rating given by Stifel Nicolaus. On Thursday, December 14 Canaccord Genuity maintained the shares of RRGB in report with “Buy” rating. The stock rating was upgraded by Jefferies to “Buy” on Friday, December 22. On Thursday, April 19 Canaccord Genuity maintained the shares of RRGB in report with “Buy” rating. On Wednesday, April 18 the firm has “Hold” rating by Stifel Nicolaus given.

RRGB touched $62.6 during the last trading session after $2.3 change.Red Robin Gourmet Burgers, Inc. is uptrending after having risen 6.37% since May 17, 2017. RRGB has 315,789 volume or 17.92% up from normal. The stock underperformed the S&P 500 by 5.18%.

Investors wait Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)’s quarterly earnings on May, 22 after the close., according to Zacks. Analysts expect change of 16.85 % or $0.15 from previous year’s $0.89 earnings per share compared to current’s $0.74 earnings per share. The profit will be $9.60 million for RRGB if $0.74 earnings per share becomes true. Wall Street now predicts -5.13 % negative EPS growth despite Red Robin Gourmet Burgers, Inc. last quarter’s EPS of $0.78.

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.27.1 is the P/E ratio.

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

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

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