On May 17, 2018 Red Robin Gourmet (NASDAQ:RRGB) Upgraded By Maxim Group has $71 Target.

May 17, 2018 - By Michael Lund

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

During Q4 2017 the big money sentiment decreased to 1.08. That’s change of 0.18, from 2017Q3’s 1.26. 22 investors sold all, 53 reduced holdings as Red Robin Gourmet Burgers, Inc. ratio worsened. 52 rose stakes while 29 funds took stakes. Funds hold 17.16 million shares thus 5.90% more from 2017Q3’s 16.20 million shares.

Sector Pension Board has invested 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Highbridge Cap Mgmt Lc accumulated 162,218 shs or 0.16% of the stock. Commercial Bank Of Nova Scotia holds 18,588 shs or 0% of its capital. Amer International Gru has invested 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). State Of Tennessee Treasury Department accumulated 10,218 shs or 0% of the stock. Rhumbline Advisers owns 29,671 shs for 0% of their capital. Pinebridge Investments Ltd Partnership holds 0.03% of its capital in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 20,013 shs. Moreover, Northern has 0% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). D E Shaw And Incorporated invested in 3,858 shs. Bancorp Of America Corporation De has 0% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Tower Research Limited Liability Company (Trc) stated it has 0% of its capital in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). 1.09 million are owned by Dimensional Fund Advsr L P. Hood River Capital Mgmt Ltd Liability holds 303,232 shs or 0.99% of its capital. Citadel Advisors Lc holds 343,554 shs or 0.01% of its capital. Blackrock Inc owns 1.61M shs.

Red Robin Gourmet Burgers, Inc. had 3 insider sales and 0 insider buys since March 5, 2018. This’s net activity of $418,020. $214,491 worth of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) was sold by Howell Richard J on Tuesday, March 13.

Maxim Group Upgraded Red Robin Gourmet (NASDAQ:RRGB)’s Rating to Buy.

Red Robin Gourmet (NASDAQ:RRGB) has rating upgraded from Hold to Buy by analysts at Maxim Group. The increase was made public on 16 May and indicates 13.42 % upside potential.

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

In total 5 analysts cover Red Robin Gourmet (NASDAQ:RRGB). “Buy” rating has 4, “Sell” are 0, while 1 are “Hold”. 80% are bullish. With $7500 highest and $56 lowest PT Red Robin Gourmet has $63.50 average PT or 1.44% above the current ($62.6) price. 8 are the (NASDAQ:RRGB)’s analyst reports since December 14, 2017 according to StockzIntelligence Inc. On Wednesday, April 18 Stifel Nicolaus maintained the shares of RRGB in report with “Hold” rating. In Thursday, December 14 report Canaccord Genuity maintained the stock with “Buy” rating. On Wednesday, January 3 Stifel Nicolaus maintained the shares of RRGB in report with “Hold” rating. On Wednesday, May 9 the firm has “Buy” rating by Stifel Nicolaus given. On Wednesday, May 16 the rating was upgraded by Maxim Group to “Buy”. On Monday, February 26 the firm earned “Equal-Weight” rating by Morgan Stanley. In Thursday, April 19 report Canaccord Genuity maintained it with “Buy” rating and $7500 target. On Friday, December 22 the stock has “Buy” rating by Jefferies.

RRGB hit $62.6 during the last trading session after $2.3 change.Red Robin Gourmet Burgers, Inc. is uptrending after having risen 6.37% since May 17, 2017. RRGB has 315,789 volume or 17.92% up from normal. RRGB underperformed by 5.18% the S&P500.

Investors wait Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)’s quarterly earnings on May, 22 after the close., as reported by RTT. Analysts expect change of 16.85 % or $0.15 from previous year’s $0.89 earnings per share compared to current’s $0.74 earnings per share. This could hit $9.60M profit for RRGB assuming the current $0.74 earnings per share will become reality. Wall Street sees -5.13 % negative EPS growth as of May, 22.

Red Robin Gourmet Burgers, Inc., together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants in the United States and Canada.The company has $812.02 million market cap. As of December 31, 2017, it operated 480 company-owned restaurants located in 39 states and 2 Canadian provinces; and had 86 casual-dining restaurants operated by franchisees in 15 states.The P/E ratio is 27.1.

A couple more Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) news were released by: Benzinga.com which released on May 09, 2018 “Benzinga’s Top Upgrades, Downgrades For May 9, 2018”, also Benzinga.com on May 09, 2018 released “Red Robin Burgers Is ‘Ready To Fly,’ Analyst Says In Upgrade”, the next Benzinga.com is “Benzinga’s Top Upgrades, Downgrades For May 16, 2018” on May 16, 2018. Benzinga.com has article titled “5 Biggest Price Target Changes For Wednesday”.

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

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