Could Red Robin Gourmet Burgers, Inc. (RRGB) Rise Even More? The Stock Had Another Big Increase Today

September 17, 2017 - By Dolores Ford

Investors sentiment increased to 1.1 in Q4 2016. Its up 0.24, from 0.86 in 2016Q3. It improved, as 17 investors sold Red Robin Gourmet Burgers, Inc. shares while 52 reduced holdings. 36 funds opened positions while 40 raised stakes. 13.45 million shares or 1.73% more from 13.22 million shares in 2016Q3 were reported.
Arizona State Retirement Sys has 6,595 shares for 0.01% of their portfolio. Morgan Stanley reported 0% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Kcg stated it has 0.01% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Northern Tru invested in 175,907 shares or 0% of the stock. Aperio Group Ltd Liability accumulated 0% or 4,170 shares. North Star Inv invested 0% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Tower Cap Ltd Liability Company (Trc) has invested 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Blackrock Inv Management Limited Liability Company owns 0% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 68,784 shares. Wellington Management Gp Inc Llp stated it has 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Investment Counselors Of Maryland Limited Liability Co reported 0.98% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Rothschild Asset Incorporated has invested 0.04% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Smith Graham & Investment Advisors Limited Partnership, Texas-based fund reported 176,214 shares. 177,913 are owned by State Bank Of New York Mellon. First Midwest Retail Bank Tru Division, Illinois-based fund reported 6,092 shares. Barclays Public Limited Co has invested 0% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB).

Since May 26, 2017, it had 0 insider purchases, and 3 insider sales for $846,747 activity. Howell Richard J had sold 4,800 shares worth $346,224. The insider Aiken Robert Blaine Jr sold 2,946 shares worth $211,523.

The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) is a huge mover today! The stock increased 4.47% or $2.7 on September 15, reaching $63.1. About 452,659 shares traded or 35.97% up from the average. Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has risen 52.55% since September 17, 2016 and is uptrending. It has outperformed by 35.85% the S&P500.
The move comes after 8 months positive chart setup for the $815.74M company. It was reported on Sep, 17 by Barchart.com. We have $66.26 PT which if reached, will make NASDAQ:RRGB worth $40.79 million more.

Analysts expect Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to report $0.29 EPS on November, 1.They anticipate $0.09 EPS change or 23.68 % from last quarter’s $0.38 EPS. RRGB’s profit would be $3.75 million giving it 54.40 P/E if the $0.29 EPS is correct. After having $0.61 EPS previously, Red Robin Gourmet Burgers, Inc.’s analysts see -52.46 % EPS growth.

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

Among 8 analysts covering Red Robin Gourmet Burgers (NASDAQ:RRGB), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Red Robin Gourmet Burgers had 29 analyst reports since August 27, 2015 according to SRatingsIntel. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has “Hold” rating given on Monday, August 31 by Zacks. Jefferies maintained it with “Hold” rating and $61.0 target in Monday, September 11 report. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) earned “Buy” rating by Zacks on Thursday, August 27. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) earned “Buy” rating by Maxim Group on Thursday, January 12. Jefferies maintained the shares of RRGB in report on Tuesday, June 20 with “Hold” rating. The stock has “Strong Buy” rating by Raymond James on Wednesday, August 9. The company was downgraded on Monday, September 7 by Zacks. The rating was maintained by Maxim Group on Thursday, January 7 with “Buy”. Jefferies maintained the stock with “Buy” rating in Saturday, September 5 report. The firm has “Buy” rating given on Tuesday, February 16 by Jefferies.

More notable recent Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) news were published by: Seekingalpha.com which released: “BTIG positive on Red Robin Gourmet Burgers” on August 09, 2017, also Seekingalpha.com with their article: “Red Robin Gourmet Burgers (RRGB) Q2 2017 Results – Earnings Call Transcript” published on August 09, 2017, Nasdaq.com published: “Red Robin to Expand in Texas Despite Soft Industry Backdrop” on September 08, 2017. More interesting news about Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) were released by: Seekingalpha.com and their article: “Red Robin Gourmet Burgers (RRGB) Q4 2016 Results – Earnings Call Transcript” published on February 22, 2017 as well as Fool.com‘s news article titled: “Why Red Robin Gourmet Burgers, Inc. Stock Jumped 28% in March” with publication date: April 11, 2017.

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 has market cap of $815.74 million. 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. It has a 97.11 P/E ratio. The Firm also offers burgers made from chicken breasts, fish fillets, turkey patties, as well as vegetarian and vegan options.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.