Red Robin Gourmet Burgers (RRGB) is Reiterated by Maxim Group to Buy, Lowers Price Target to $ 85

Red Robin Gourmet Burgers (RRGB) was Reiterated by Maxim Group to “Buy” while Lowering the Price Target of the company shares to $ 85 from a previous price target of $91 . Maxim Group advised their investors in a research report released on Apr 21, 2016.

Many Wall Street Analysts have commented on Red Robin Gourmet Burgers. Shares were Reiterated by Maxim Group on Mar 22, 2016 to “Buy” and Lowered the Price Target to $ 91 from a previous price target of $94 .Shares were Reiterated by Jefferies on Feb 16, 2016 to “Buy” and Lowered the Price Target to $ 80 from a previous price target of $90 .Company shares were Reiterated by Maxim Group on Feb 12, 2016 to “Buy”, Firm has raised the Price Target to $ 94 from a previous price target of $90 .

On the company’s financial health, Red Robin Gourmet Burgers reported $0.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Feb 12, 2016. Analyst had a consensus of $0.82. The company had revenue of $286.30 million for the quarter, compared to analysts expectations of $286.66 million. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Red Robin Gourmet Burgers opened for trading at $62.17 and hit $63.69 on the upside on Monday, eventually ending the session at $63.64, with a gain of 2.43% or 1.51 points. The heightened volatility saw the trading volume jump to 1,79,471 shares. Company has a market cap of $867 M.

In a different news, on Feb 19, 2016, Stuart I Oran (director) sold 890 shares at $63.02 per share price. According to the SEC, on Aug 24, 2015, Cathy Cooney (Chief People Officer) purchased 600 shares at $80.80 per share price. On Jun 15, 2015, Glenn B. Kaufman (director) sold 2,000 shares at $88.90 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.

Red Robin Gourmet Burgers

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