News coverage about Red Robin Gourmet Burgers (NASDAQ:RRGB) has trended somewhat positive this week, according to Alpha One Sentiment Analysis. The research group, a division of Accern, scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Red Robin Gourmet Burgers earned a news sentiment score of 0.11 on Alpha One’s scale. Alpha One also gave news coverage about the restaurant operator an impact score of 78 out of 100, indicating that recent press coverage is likely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Alpha One’s scoring:
- Red Robin Gourmet Burgers, Inc. (RRGB) Earns “Hold” Rating from Canaccord Genuity (americanbankingnews.com)
- Red Robin Gourmet Burgers, Inc. (RRGB) Receives “Buy” Rating from Maxim Group (americanbankingnews.com)
- Top Stock Picks of the Week for May 22: WYNN & RRGB (finance.yahoo.com)
- Red Robin Gourmet Burgers, Inc. (RRGB) Rating Reiterated by Stephens (americanbankingnews.com)
- Red Robin (RRGB) Catches Eye: Stock Adds 23.1% in Session (finance.yahoo.com)
A number of research analysts have recently commented on the stock. Maxim Group restated a “buy” rating and set a $80.00 price target (up from $75.00) on shares of Red Robin Gourmet Burgers in a research report on Wednesday, May 17th. Wells Fargo & Co restated a “market perform” rating and set a $70.00 price target on shares of Red Robin Gourmet Burgers in a research report on Thursday. Bank of America Corp restated a “buy” rating and set a $85.00 price target (up from $80.00) on shares of Red Robin Gourmet Burgers in a research report on Thursday. TheStreet upgraded shares of Red Robin Gourmet Burgers from a “c” rating to a “b-” rating in a research report on Thursday, May 18th. Finally, Zacks Investment Research upgraded shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research report on Friday, May 19th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $70.67.
Shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) traded down 0.35% on Thursday, reaching $72.00. 360,281 shares of the company traded hands. The firm has a market capitalization of $926.57 million, a P/E ratio of 105.57 and a beta of 0.85. The stock has a 50-day moving average price of $60.47 and a 200 day moving average price of $53.88. 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, May 16th. The restaurant operator reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.31. Red Robin Gourmet Burgers had a net margin of 2.49% and a return on equity of 11.87%. The business had revenue of $418.60 million during the quarter, compared to analysts’ expectations of $416.48 million. During the same period last year, the company posted $1.27 EPS. The business’s revenue was up 4.1% on a year-over-year basis. Analysts anticipate that Red Robin Gourmet Burgers will post $2.88 EPS for the current fiscal year.
In related 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 bought at an average price of $47.30 per share, for a total transaction of $236,500.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 2.66% of the stock is currently owned by insiders.
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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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