Sentiment Report: Red Robin Gourmet Burgers Inc (NASDAQ:RRGB)

May 17, 2018 - By Alfred Lee

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

Sentiment for Red Robin Gourmet Burgers Inc (NASDAQ:RRGB)

Red Robin Gourmet Burgers Inc (NASDAQ:RRGB) institutional sentiment decreased to 1.08 in Q4 2017. Its down -0.18, from 1.26 in 2017Q3. The ratio dropped, as 81 investment professionals increased and opened new positions, while 75 decreased and sold positions in Red Robin Gourmet Burgers Inc. The investment professionals in our partner’s database reported: 17.16 million shares, up from 16.20 million shares in 2017Q3. Also, the number of investment professionals holding Red Robin Gourmet Burgers Inc in their top 10 positions decreased from 4 to 1 for a decrease of 3. Sold All: 22 Reduced: 53 Increased: 52 New Position: 29.

Red Robin Gourmet Burgers, Inc., together with its subsidiaries, develops, operates, and franchises casual-dining and fast-casual restaurants in the United States and Canada. The company has market cap of $819.15 million. As of September 6, 2017, it operated approximately 550 Red Robin restaurants. It has a 27.34 P/E ratio.

The stock increased 0.88% or $0.55 during the last trading session, reaching $63.15. About 84,057 shares traded. Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has risen 6.37% since May 17, 2017 and is uptrending. It has underperformed by 5.18% the S&P500.

Analysts await Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to report earnings on May, 22 after the close. They expect $0.74 earnings per share, down 16.85 % or $0.15 from last year’s $0.89 per share. RRGB’s profit will be $9.60 million for 21.33 P/E if the $0.74 EPS becomes a reality. After $0.78 actual earnings per share reported by Red Robin Gourmet Burgers, Inc. for the previous quarter, Wall Street now forecasts -5.13 % negative EPS growth.

Daruma Capital Management Llc holds 3.29% of its portfolio in Red Robin Gourmet Burgers, Inc. for 935,933 shares. Monarch Partners Asset Management Llc owns 326,648 shares or 1.72% of their US portfolio. Moreover, Diker Management Llc has 1.36% invested in the company for 67,000 shares. The California-based Falcon Point Capital Llc has invested 1.24% in the stock. Investment Counselors Of Maryland Llc, a Maryland-based fund reported 409,414 shares.

Since January 1, 0001, it had 0 insider buys, and 3 insider sales for $418,020 activity.

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

Ratings analysis reveals 80% of Red Robin Gourmet’s analysts are positive. Out of 5 Wall Street analysts rating Red Robin Gourmet, 4 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $56 while the high is $7500. The stock’s average target of $63.50 is 0.55% above today’s ($63.15) share price. RRGB was included in 8 notes of analysts from December 14, 2017. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, April 18. Jefferies upgraded the shares of RRGB in report on Friday, December 22 to “Buy” rating. Canaccord Genuity maintained the stock with “Buy” rating in Thursday, December 14 report. Stifel Nicolaus upgraded the shares of RRGB in report on Wednesday, May 9 to “Buy” rating. Maxim Group upgraded Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) on Wednesday, May 16 to “Buy” rating. The rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, February 26. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, January 3. On Thursday, April 19 the stock rating was maintained by Canaccord Genuity with “Buy”.

More important recent Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” on May 16, 2018, also Benzinga.com published article titled: “Benzinga’s Top Upgrades, Downgrades For May 9, 2018”, Benzinga.com published: “5 Biggest Price Target Changes For Wednesday” on May 16, 2018. More interesting news about Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) was released by: Benzinga.com and their article: “Red Robin Burgers Is ‘Ready To Fly,’ Analyst Says In Upgrade” with publication date: May 09, 2018.

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

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