Jefferies Downgrades Red Robin Gourmet Burgers to Hold

Brokerage firm Jefferies Downgrades its rating on Red Robin Gourmet Burgers(NASDAQ:RRGB). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Jefferies was issued on Jul 26, 2016.

In a different note, On May 17, 2016, KeyBanc said it Downgrades its rating on Red Robin Gourmet Burgers. The shares have been rated ‘Sector Weight’ by the firm.

Red Robin Gourmet Burgers (RRGB) made into the market gainers list on Fridays trading session with the shares advancing 0.75% or 0.36 points. Due to strong positive momentum, the stock ended at $48.36, which is also near the day’s high of $48.58. The stock began the session at $48.21 and the volume stood at 1,93,372 shares. The 52-week high of the shares is $95 and the 52 week low is $46.7. The company has a current market capitalization of $660 M and it has 1,36,47,035 shares in outstanding.

Red Robin Gourmet Burgers(RRGB) last announced its earnings results on May 17, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $402.13M. Analysts had an estimated revenue of $416.30M. Earnings per share were $1.27. Analysts had estimated an EPS of $1.11.

Several Insider Transactions has been reported to the SEC. On Jun 24, 2016, Stuart I Oran (director) sold 1,200 shares at $52.62 per share price.Also, On Jun 21, 2016, Carin Stutz (COO) purchased 978 shares at $50.99 per share price.On May 23, 2016, Stephen E. Carley (CEO) purchased 1,050 shares at $48.04 per share price, according to the Form-4 filing with the securities and exchange commission.

Red Robin Gourmet Burgers Inc. is a casual dining restaurant chain. The Company is focused on serving a selection of gourmet burgers. Its offers 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 also offers burgers made from chicken breasts fish fillets turkey patties vegetarian and vegan options. It offers a selection of buns including ciabatta gluten free sesame onion and whole grain buns and jalapeno rolls-with a variety of toppings. It offers a variety of appetizers salads soups seafood and other entrees desserts its signature alcoholic and non-alcoholic specialty beverages and a variety of national and craft beers. It offers its products under the brand names Red Robin Red Robin Gourmet Burgers Red Robin America’s Gourmet Burgers & Spirits Red Robin Burger Works YUMMM Red Robin Gourmet Burgers and Brews and Red Robin Royalty.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Red Robin Gourmet Burgers - Is it time to Sell?

Top Brokerage Firms are advising their investors on Red Robin Gourmet Burgers. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.