Red Robin Gourmet Burgers' (RRGB) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• Red Robin Gourmet Burgers' (RRGB) stock has been given a "sell (D-)" rating by Weiss Ratings, indicating ongoing concerns regarding its performance.
• Benchmark has reissued a "buy" rating with a price target of $12.00, while the consensus rating for the stock is currently "hold" with an average price target of $11.00.
• The company's stock is currently valued at approximately $6.79, down 2.3%, with a 52-week low of $2.50 and a high of $7.89.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report)'s stock had its "sell (d-)" rating reissued by stock analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Benchmark restated a "buy" rating and set a $12.00 target price on shares of Red Robin Gourmet Burgers in a research report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $11.00.

Red Robin Gourmet Burgers Stock Down 2.3%

Red Robin Gourmet Burgers stock opened at $6.79 on Wednesday. Red Robin Gourmet Burgers has a 52 week low of $2.50 and a 52 week high of $7.89. The business has a 50-day simple moving average of $6.46 and a 200 day simple moving average of $5.14. The stock has a market cap of $121.61 million, a price-to-earnings ratio of -2.00 and a beta of 2.57.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last posted its earnings results on Wednesday, August 13th. The restaurant operator reported $0.26 EPS for the quarter, topping the consensus estimate of ($0.25) by $0.51. The business had revenue of $283.70 million for the quarter, compared to analysts' expectations of $279.17 million. Red Robin Gourmet Burgers has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Red Robin Gourmet Burgers will post -2.94 earnings per share for the current year.

Insider Activity

In other news, Director Christopher Ross Martin acquired 34,649 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was purchased at an average cost of $6.29 per share, for a total transaction of $217,942.21. Following the acquisition, the director owned 1,667,906 shares of the company's stock, valued at $10,491,128.74. This trade represents a 2.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.64% of the company's stock.

Hedge Funds Weigh In On Red Robin Gourmet Burgers

A number of hedge funds and other institutional investors have recently modified their holdings of RRGB. BNP Paribas Financial Markets boosted its holdings in shares of Red Robin Gourmet Burgers by 503.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,379 shares of the restaurant operator's stock worth $31,000 after purchasing an additional 4,487 shares in the last quarter. Jump Financial LLC purchased a new stake in Red Robin Gourmet Burgers during the 1st quarter valued at about $37,000. XTX Topco Ltd purchased a new stake in Red Robin Gourmet Burgers during the 1st quarter valued at about $49,000. Osaic Holdings Inc. grew its position in Red Robin Gourmet Burgers by 152.6% during the 2nd quarter. Osaic Holdings Inc. now owns 10,055 shares of the restaurant operator's stock worth $58,000 after acquiring an additional 6,075 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Red Robin Gourmet Burgers during the 1st quarter worth approximately $61,000. 84.04% of the stock is currently owned by hedge funds and other institutional investors.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises casual-dining restaurants, in North America and one Canadian province. Its restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

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