Maxim Group Reports $71 Target On Red Robin Gourmet (NASDAQ:RRGB).

May 17, 2018 - By Michele Cranor

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

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

Geode Cap Mgmt Lc owns 116,117 shs for 0% of their capital. Thrivent Financial For Lutherans holds 0% of its capital in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 8,018 shs. Moreover, Amp Capital Investors has 0% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Blackrock accumulated 1.61M shs. The Ontario – Canada-based Royal National Bank & Trust Of Canada has invested 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Rhumbline Advisers has invested 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Parametric Assoc Ltd Co reported 66,922 shs. State Board Of Administration Of Florida Retirement holds 0% or 7,868 shs. Axa accumulated 67,600 shs. Cim Inv Mangement stated it has 0.07% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Smith Graham And Invest Advsrs Lp owns 0.84% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 158,467 shs. Credit Suisse Ag reported 29,040 shs or 0% of all its holdings. Public Sector Pension Inv Board accumulated 8,087 shs. Pnc Group Inc Inc, Pennsylvania-based fund reported 116 shs. Swiss Bank & Trust has 0% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB).

Red Robin Gourmet Burgers, Inc. registered $418,020 net activity with 0 buys and 3 sales since March 5, 2018. On Tuesday, March 13 the insider Howell Richard J sold $214,491.

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

The RRGB’s TP after the upgrade is $71. Maxim Group has changed Red Robin Gourmet (NASDAQ:RRGB)‘s rating to “Buy” from “Hold”. On Wednesday morning the boost was made public in a note.

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

Total analysts of 5 have positions in Red Robin Gourmet (NASDAQ:RRGB) as follows: 4 rated it a “Buy”, 0 with “Sell” and 1 with “Hold”. The positive are 80%. The firm has $7500 highest while $56 is the lowest price target. The average target $63.50 is 1.44% above the last ($62.6) price. Since December 14, 2017 according to StockzIntelligence Inc Red Robin Gourmet has 8 analyst reports. On Wednesday, April 18 the rating was maintained by Stifel Nicolaus with “Hold”. On Monday, February 26 the firm earned “Equal-Weight” rating by Morgan Stanley. On Friday, December 22 the stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) earned “Buy” rating by Jefferies. On Thursday, December 14 the rating was maintained by Canaccord Genuity with “Buy”. On Thursday, April 19 Canaccord Genuity maintained Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) rating. Canaccord Genuity has “Buy” rating and $7500 target. On Wednesday, January 3 the firm has “Hold” rating given by Stifel Nicolaus. On Wednesday, May 9 the firm earned “Buy” rating by Stifel Nicolaus. On Wednesday, May 16 the rating was upgraded by Maxim Group to “Buy”.

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%.

Earnings report for Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) is anticipated on May, 22 after the close., Faxor reports. Analysts predict $0.74 earnings per share, which is $0.15 down or 16.85 % from 2017’s $0.89 earnings per share. If earnings per share of $0.74 is announced the profit of RRGB could be $9.60 million giving it 21.15 P/E. -5.13 % negative EPS growth is what analysts predict. $0.78 earnings per share was announced 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 valued at $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 published 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 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 “5 Biggest Price Target Changes For Wednesday”.

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

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