KeyCorp Reviews in on Red Robin Gourmet Burgers, Inc.’s Q1 2017 Revenue (RRGB)

KeyCorp Reviews in on Red Robin Gourmet Burgers, Inc.’s Q1 2017 Revenue (RRGB)

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Equities research analysts at KeyCorp boosted their Q1 2017 EPS estimates for Red Robin Gourmet Burgers in a research note issued on Tuesday. KeyCorp analyst C. O’cull now expects that the brokerage will post earnings per share of $0.80 for the quarter, up from their prior estimate of $0.60. KeyCorp also issued estimates for Red Robin Gourmet Burgers’ Q2 2017 earnings at $0.69 EPS, Q3 2017 earnings at $0.50 EPS, Q4 2017 earnings at $0.66 EPS and FY2017 earnings at $2.65 EPS.

Several other research firms have also commented on RRGB. Zacks Investment Research raised Red Robin Gourmet Burgers from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 21st. Standpoint Research lowered Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating in a report on Tuesday, March 28th. Bank of America Corp raised Red Robin Gourmet Burgers from an “underperform” rating to a “neutral” rating and set a $54.00 target price for the company in a report on Wednesday, December 14th. Maxim Group lowered their target price on Red Robin Gourmet Burgers from $73.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, January 12th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $56.00 target price on shares of Red Robin Gourmet Burgers in a report on Monday, January 9th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $61.71.

Red Robin Gourmet Burgers (NASDAQ:RRGB) opened at 58.45 on Friday. Red Robin Gourmet Burgers has a one year low of $40.85 and a one year high of $67.05. The firm has a market capitalization of $751.49 million, a PE ratio of 67.18 and a beta of 0.85. The company’s 50-day moving average price is $51.08 and its 200 day moving average price is $49.73.

In other Red Robin Gourmet Burgers news, CFO Guy J. Constant acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The stock was acquired at an average cost of $47.30 per share, with a total value of $236,500.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.66% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Nordea Investment Management AB acquired a new position in shares of Red Robin Gourmet Burgers during the third quarter worth about $14,021,000. Scopus Asset Management L.P. acquired a new position in shares of Red Robin Gourmet Burgers during the third quarter worth about $10,112,000. Peregrine Capital Management LLC acquired a new position in shares of Red Robin Gourmet Burgers during the third quarter worth about $8,413,000. Lombardia Capital Partners LLC raised its position in shares of Red Robin Gourmet Burgers by 81.8% in the third quarter. Lombardia Capital Partners LLC now owns 299,705 shares of the company’s stock worth $13,469,000 after buying an additional 134,819 shares during the period. Finally, Highbridge Capital Management LLC acquired a new position in shares of Red Robin Gourmet Burgers during the fourth quarter worth about $6,308,000.

About Red Robin Gourmet Burgers

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’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.

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