News coverage about Red Robin Gourmet Burgers (NASDAQ:RRGB) has trended somewhat positive on Monday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Red Robin Gourmet Burgers earned a news impact score of 0.14 on Accern’s scale. Accern also gave news articles about the restaurant operator an impact score of 45.7503828416727 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Red Robin Gourmet Burgers, Inc. (RRGB) Given Average Rating of “Hold” by Brokerages (americanbankingnews.com)
- Red Robin opens in Bellmore (libn.com)
- Red Robin Gourmet Burgers, Inc. breached its 50 day moving average in a Bullish Manner : RRGB-US : September 14, 2017 (finance.yahoo.com)
- BTIG Research Reiterates Buy Rating for Red Robin Gourmet Burgers, Inc. (RRGB) (americanbankingnews.com)
- Red Robin Gourmet Burgers, Inc. (RRGB) Expected to Post Earnings of $0.29 Per Share (americanbankingnews.com)
Red Robin Gourmet Burgers (NASDAQ RRGB) opened at 63.10 on Monday. The company has a market capitalization of $815.69 million, a P/E ratio of 97.83 and a beta of 0.63. The firm has a 50-day moving average price of $58.32 and a 200 day moving average price of $60.36. Red Robin Gourmet Burgers has a 1-year low of $40.85 and a 1-year high of $74.11.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings data on Tuesday, August 8th. The restaurant operator reported $0.61 EPS for the quarter, beating the consensus estimate of $0.51 by $0.10. Red Robin Gourmet Burgers had a return on equity of 8.00% and a net margin of 0.64%. The company had revenue of $315.80 million for the quarter, compared to analyst estimates of $315.69 million. During the same period last year, the company earned $0.75 earnings per share. Red Robin Gourmet Burgers’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, equities analysts predict that Red Robin Gourmet Burgers will post $2.77 EPS for the current year.
Several research firms have recently issued reports on RRGB. BidaskClub lowered Red Robin Gourmet Burgers from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and issued a $85.00 price target on shares of Red Robin Gourmet Burgers in a research report on Tuesday, July 25th. Maxim Group reaffirmed a “buy” rating and issued a $75.00 price target on shares of Red Robin Gourmet Burgers in a research report on Wednesday, August 9th. Morgan Stanley lifted their price target on Red Robin Gourmet Burgers from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 30th. Finally, TheStreet lowered Red Robin Gourmet Burgers from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $73.40.
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In other news, CFO Guy J. Constant purchased 2,500 shares of the stock in a transaction dated Monday, August 14th. The shares were purchased at an average cost of $58.88 per share, with a total value of $147,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.66% of the company’s stock.
Red Robin Gourmet Burgers Company Profile
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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