News coverage about Red Robin Gourmet Burgers (NASDAQ:RRGB) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Red Robin Gourmet Burgers earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news stories about the restaurant operator an impact score of 46.4800244741165 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Was Red Robin Gourmet Burgers Inc’s (NASDAQ:RRGB) Earnings Growth Better Than The Industry’s? (finance.yahoo.com)
- Free Research Report as Red Robin’s Revenues Improved Y-O-Y (finance.yahoo.com)
- $324.16 Million in Sales Expected for Red Robin Gourmet Burgers, Inc. (RRGB) This Quarter (americanbankingnews.com)
- Why is Red Robin (RRGB) Down 9.8% Since its Last Earnings Report? (finance.yahoo.com)
- Brokerages Expect Red Robin Gourmet Burgers, Inc. (RRGB) Will Announce Earnings of $0.68 Per Share (americanbankingnews.com)
Several analysts recently weighed in on the stock. BidaskClub upgraded shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating in a report on Tuesday, June 12th. TheStreet cut shares of Red Robin Gourmet Burgers from a “b-” rating to a “c+” rating in a report on Wednesday, May 23rd. ValuEngine cut shares of Red Robin Gourmet Burgers from a “sell” rating to a “strong sell” rating in a report on Thursday, May 24th. Morgan Stanley cut their price target on shares of Red Robin Gourmet Burgers from $56.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 23rd. Finally, Maxim Group reiterated a “buy” rating and issued a $68.00 price target (down previously from $71.00) on shares of Red Robin Gourmet Burgers in a report on Wednesday, May 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $62.50.
Shares of RRGB stock traded down $0.65 during mid-day trading on Tuesday, reaching $50.05. 313,267 shares of the company’s stock traded hands, compared to its average volume of 352,505. Red Robin Gourmet Burgers has a 12 month low of $45.70 and a 12 month high of $70.10. The stock has a market cap of $675.21 million, a PE ratio of 20.08, a price-to-earnings-growth ratio of 2.12 and a beta of 0.22. The company has a current ratio of 0.52, a quick ratio of 0.33 and a debt-to-equity ratio of 0.61.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its earnings results on Tuesday, May 22nd. The restaurant operator reported $0.69 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.07). Red Robin Gourmet Burgers had a net margin of 1.65% and a return on equity of 7.80%. The business had revenue of $421.50 million for the quarter, compared to the consensus estimate of $427.01 million. During the same quarter last year, the firm posted $0.89 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. sell-side analysts forecast that Red Robin Gourmet Burgers will post 2.54 earnings per share for the current fiscal year.
In other Red Robin Gourmet Burgers news, CFO Guy J. Constant bought 5,000 shares of the company’s stock in a transaction dated Friday, May 25th. The shares were purchased at an average price of $49.52 per share, for a total transaction of $247,600.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.64% of the company’s stock.
About Red Robin Gourmet Burgers
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. 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.
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