The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) hit a new 52-week low and has $39.80 target or 7.00% below today’s $42.80 share price. The 5 months bearish chart indicates high risk for the $564.02M company. The 1-year low was reported on Oct, 17 by Barchart.com. If the $39.80 price target is reached, the company will be worth $39.48 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 61,020 shares traded hands. Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has declined 36.74% since March 14, 2016 and is downtrending. It has underperformed by 42.35% the S&P500.
Analysts await Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to report earnings on November, 1. They expect $0.47 earnings per share, down 18.97% or $0.11 from last year’s $0.58 per share. RRGB’s profit will be $6.19M for 22.77 P/E if the $0.47 EPS becomes a reality. After $0.75 actual earnings per share reported by Red Robin Gourmet Burgers, Inc. for the previous quarter, Wall Street now forecasts -37.33% negative EPS growth.
Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Ratings Coverage
Out of 6 analysts covering Red Robin Gourmet Burgers (NASDAQ:RRGB), 3 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 50% are positive. Red Robin Gourmet Burgers has been the topic of 16 analyst reports since August 27, 2015 according to StockzIntelligence Inc. On Tuesday, February 16 the stock rating was maintained by Jefferies with “Buy”. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has “Buy” rating given on Thursday, January 7 by Maxim Group. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has “Buy” rating given on Thursday, August 27 by Zacks. Zacks downgraded the shares of RRGB in a report on Monday, September 7 to “Hold” rating. The firm has “Buy” rating by Maxim Group given on Friday, June 17. The rating was downgraded by Bank of America on Tuesday, September 13 to “Underperform”. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has “Buy” rating given on Saturday, September 5 by Jefferies. The rating was downgraded by Jefferies to “Hold” on Tuesday, July 26. Maxim Group maintained the shares of RRGB in a report on Friday, February 12 with “Buy” rating. The stock has “Buy” rating given by Maxim Group on Friday, September 11.
According to Zacks Investment Research, “Red Robin Gourmet is a casual dining restaurant chain focused on serving an imaginative selection of high quality gourmet burgers in a family-friendly atmosphere. They currently own and operate in 12 states, and have additional restaurants operating under franchise or license agreements in 18 states and Canada. Their menu is centered around their signature product, the gourmet burger, which they make from beef, chicken, veggie, fish, turkey and pot roast and serve in a variety of recipes. (Prospectus)”
Insitutional Activity: The institutional sentiment decreased to 1.09 in 2016 Q2. Its down 0.03, from 1.12 in 2016Q1. The ratio fall, as 31 funds sold all Red Robin Gourmet Burgers, Inc. shares owned while 49 reduced positions. 25 funds bought stakes while 62 increased positions. They now own 13.70 million shares or 6.81% less from 14.70 million shares in 2016Q1.
Parametric Portfolio Associates Lc has invested 0% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). The New York-based Bnp Paribas Arbitrage Sa has invested 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Rothschild Asset Mgmt has 187,470 shares for 0.16% of their US portfolio. Pub Sector Pension Investment Board has invested 0.01% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Glenmede Company Na has 356,345 shares for 0.1% of their US portfolio. New York State Common Retirement Fund has 0% invested in the company for 58,564 shares. Rk Cap Management Limited Liability Co holds 1.77% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 209,204 shares. Weiss Multi has 15,200 shares for 0.06% of their US portfolio. Point72 Asset Management Lp, a Connecticut-based fund reported 318,200 shares. Ameriprise last reported 0.01% of its portfolio in the stock. Invest Counselors Of Maryland Lc holds 0.85% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 325,950 shares. The Pennsylvania-based Stevens Capital Mngmt Lp has invested 0.02% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Gmt accumulated 302,795 shares or 0.35% of the stock. Sg Americas Securities Ltd Liability Corporation has 0.01% invested in the company for 29,529 shares. Blackrock Group Limited has 23,224 shares for 0% of their US portfolio.
Insider Transactions: Since May 19, 2016, the stock had 5 buys, and 1 sale for $40,259 net activity. Another trade for 1,050 shares valued at $50,438 was bought by Carley Stephen E.. Brown Stuart B also bought $24,220 worth of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) on Friday, May 20. The insider Kaufman Glenn B. bought $95,700. 960 shares were bought by STUTZ CARIN, worth $50,110 on Friday, May 27.
More notable recent Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) news were published by: Prnewswire.com which released: “Red Robin Gourmet Burgers and Brews Hosts Annual Tip-A-Cop® Fundraiser to …” on October 17, 2016, also Fool.com with their article: “Why Red Robin Gourmet Burgers, Inc. Fell 11% in September” published on October 09, 2016, Prnewswire.com published: “Red Robin Gourmet Burgers and Brews is Two Weeks Away from Opening its Newest …” on October 11, 2016. More interesting news about Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) were released by: Prnewswire.com and their article: “Red Robin Gourmet Burgers and Brews Releases First-Ever Burger-Inspired Beer …” published on September 26, 2016 as well as Wsj.com‘s news article titled: “Red Robin Retreats From Fast-Casual Dining Experiment” with publication date: October 05, 2016.
RRGB Company Profile
Red Robin Gourmet Burgers, Inc., incorporated on January 17, 2001, together with its subsidiaries, primarily develops, operates and franchises casual-dining restaurants and fast-casual restaurants in North America and focuses on serving a selection of gourmet burgers. The Firm is primarily engaged in the sale of food and beverages at the Company-owned restaurants. The Company’s menu features a line of gourmet burgers, which it makes from ground beef, as well as its line of Red’s Tavern Double Burgers and its Red Robin’s line of half-pound Angus beef burgers with various toppings. It also offers burgers made from chicken breasts, fish fillets, turkey patties, as well as vegetarian and vegan options. It offers a selection of buns, including ciabatta, gluten free, sesame, onion, whole grain, jalapeno and lettuce wraps a range of toppings, including fresh guacamole, housemade barbeque sauces, aiolis, grilled pineapple, crispy onion straws, sauteed mushrooms, fried jalapenos, bruschetta salsa, coleslaw, over eight different cheese choices and a fried egg.
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