Red Robin Gourmet Burgers, Inc. (RRGB) Stock Price Increases Today

September 17, 2017 - By Clifton Ray

Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.24, from 0.86 in 2016Q3. It increased, as 17 investors sold Red Robin Gourmet Burgers, Inc. shares while 52 reduced holdings. 36 funds opened positions while 40 raised stakes. 13.45 million shares or 1.73% more from 13.22 million shares in 2016Q3 were reported.
Paloma Co stated it has 7,752 shares. First Midwest National Bank Tru Division reported 0.04% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Victory Capital Mgmt Inc has 0% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Citadel Advisors invested 0.02% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). California State Teachers Retirement Sys owns 26,560 shares. Pinebridge L P reported 9,696 shares stake. Prudential holds 0% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 28,898 shares. Texas Permanent School Fund reported 9,378 shares or 0.01% of all its holdings. Metropolitan Life Company holds 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) or 8,975 shares. Highbridge Management Ltd Com invested in 111,842 shares or 0.11% of the stock. Citigroup Inc reported 54,850 shares. Northern Tru Corp reported 175,907 shares or 0% of all its holdings. Moreover, Kbc Group Incorporated Nv has 0.02% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Clearbridge Investments Lc accumulated 238 shares. Barclays Public Limited Co reported 5,081 shares.

Since May 26, 2017, it had 0 insider purchases, and 3 sales for $846,747 activity. The insider Howell Richard J sold 4,800 shares worth $346,224. The insider Kaufman Glenn B. sold $289,000.

The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) is a huge mover today! The stock increased 4.47% or $2.7 on September 15, reaching $63.1. About 452,659 shares traded or 35.97% up from the average. Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has risen 52.55% since September 17, 2016 and is uptrending. It has outperformed by 35.85% the S&P500.
The move comes after 8 months positive chart setup for the $815.74M company. It was reported on Sep, 17 by Barchart.com. We have $66.26 PT which if reached, will make NASDAQ:RRGB worth $40.79 million more.

Analysts await Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to report earnings on November, 1. They expect $0.29 earnings per share, down 23.68 % or $0.09 from last year’s $0.38 per share. RRGB’s profit will be $3.75M for 54.40 P/E if the $0.29 EPS becomes a reality. After $0.61 actual earnings per share reported by Red Robin Gourmet Burgers, Inc. for the previous quarter, Wall Street now forecasts -52.46 % negative EPS growth.

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

Among 8 analysts covering Red Robin Gourmet Burgers (NASDAQ:RRGB), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Red Robin Gourmet Burgers had 29 analyst reports since August 27, 2015 according to SRatingsIntel. The firm has “Buy” rating by Maxim Group given on Thursday, January 7. The rating was maintained by Maxim Group with “Buy” on Tuesday, October 25. The company was maintained on Tuesday, June 20 by Jefferies. Jefferies maintained it with “Buy” rating and $97 target in Saturday, September 5 report. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has “Hold” rating given on Monday, September 7 by Zacks. As per Monday, August 31, the company rating was upgraded by Zacks. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has “Buy” rating given on Friday, September 11 by Maxim Group. The stock has “Buy” rating by Maxim Group on Friday, February 12. Stephens maintained the shares of RRGB in report on Friday, October 21 with “Overweight” rating. The stock has “Buy” rating by Maxim Group on Thursday, April 21.

More notable recent Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) news were published by: Seekingalpha.com which released: “Red Robin Gourmet Burgers (RRGB) Q2 2017 Results – Earnings Call Transcript” on August 09, 2017, also Nasdaq.com with their article: “Red Robin to Expand in Texas Despite Soft Industry Backdrop” published on September 08, 2017, Seekingalpha.com published: “BTIG positive on Red Robin Gourmet Burgers” on August 09, 2017. More interesting news about Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) were released by: Seekingalpha.com and their article: “Red Robin Gourmet Burgers (RRGB) Q4 2016 Results – Earnings Call Transcript” published on February 22, 2017 as well as Fool.com‘s news article titled: “Why Red Robin Gourmet Burgers, Inc. Stock Jumped 22.7% in May” with publication date: June 09, 2017.

Red Robin Gourmet Burgers, Inc., together with its subsidiaries, primarily develops, operates, and franchises full-service restaurants in North America and focuses on serving selection of gourmet burgers. The company has market cap of $815.74 million. 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 has a 97.11 P/E ratio. The Firm also offers burgers made from chicken breasts, fish fillets, turkey patties, as well as vegetarian and vegan options.

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