Maxim Group Upgraded Red Robin Gourmet (NASDAQ:RRGB)’s Rating and Has $71 Target.

May 17, 2018 - By Darrell Taylor

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

During 2017 Q4 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 dropped. 52 rose stakes while 29 funds amassed stakes. Funds hold 17.16 million shares thus 5.90% more from 2017Q3’s 16.20 million shares.

Commercial Bank Of New York Mellon Corp reported 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Blackrock has 1.61M shs for 0% of their capital. Cramer Rosenthal Mcglynn Limited Com holds 0.26% or 290,296 shs in its capital. Kbc Gru Nv holds 0.02% or 48,448 shs. Columbia Wanger Asset Ltd Liability Com stated it has 130,238 shs or 0.11% of all its holdings. Whittier Trust Company invested in 0% or 145 shs. State Of Wisconsin Invest Board owns 0.03% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 175,000 shs. California-based Wells Fargo Mn has invested 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Moreover, Sg Americas Securities Limited has 0% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 3,003 shs. Rhumbline Advisers, Massachusetts-based fund reported 29,671 shs. Putnam Investments Limited Liability Corp accumulated 75,313 shs or 0.01% of the stock. Daruma Cap Mgmt Ltd Liability Co reported 935,933 shs. Bancshares Of Montreal Can holds 0% or 269 shs. Century Companies accumulated 0.02% or 359,315 shs. Boothbay Fund Mgmt Ltd Liability owns 7,280 shs or 0.06% of their US capital.

Red Robin Gourmet Burgers, Inc. registered $418,020 net activity with 0 buys and 3 insider sales since March 5, 2018. On Monday, March 5 1,500 shs were sold by MOORE PATTYE L, worth $86,975.

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

RRGB’s old rating was “Hold”. Maxim Group boosted it to “Buy”. It was all made public in an analyst note 16 May. research analysts has TP of $71 on the stock.

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”. (NASDAQ:RRGB) has 80% bullish analysts. 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 ratings reports on May 17, 2018 according to StockzIntelligence Inc. On Wednesday, May 9 the stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) earned “Buy” rating by Stifel Nicolaus. On Thursday, April 19 the firm has “Buy” rating by Canaccord Genuity given. On Monday, February 26 the firm earned “Equal-Weight” rating by Morgan Stanley. The company rating was upgraded by Maxim Group on Wednesday, May 16. On Wednesday, April 18 Stifel Nicolaus maintained the shares of RRGB in report with “Hold” rating. On Friday, December 22 the rating was upgraded by Jefferies to “Buy”. On Thursday, December 14 the company was maintained by Canaccord Genuity. In Wednesday, January 3 report Stifel Nicolaus maintained the stock with “Hold” rating.

Ticker’s shares touched $62.6 during the last trading session after 3.81% 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 the S&P500 by 5.18%.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB)’s earnings report is anticipated on May, 22 after the close., RTT reports. Analysts forecast 16.85 % diference or $0.74 from the $0.89 EPS from 2017. This could reach $9.60 million profit for RRGB assuming the current $0.74 earnings per share will become reality. Last quarter $0.78 earnings per share was reported. Analysts forecasts -5.13 % negative EPS growth this quarter.

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.27.1 is the P/E ratio.

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

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

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