Could Red Robin Gourmet Burgers, Inc. (RRGB) Lose Strenght? The Stock Increases A Lot Today

September 17, 2017 - By Henry Gaston

Investors sentiment increased to 1.1 in Q4 2016. Its up 0.24, from 0.86 in 2016Q3. It increased, as 17 investors sold Red Robin Gourmet Burgers, Inc. shares while 52 reduced holdings. 36 funds opened positions while 40 raised stakes. 13.45 million shares or 1.73% more from 13.22 million shares in 2016Q3 were reported.
Parkside National Bank reported 8 shares. Texas Permanent School Fund reported 0.01% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Swiss Savings Bank invested in 0% or 21,500 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Balyasny Asset Management Limited Co stated it has 0.04% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). 238 are held by Clearbridge Invests Limited Liability. Moreover, Victory has 0% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Benjamin F Edwards And Company Inc owns 1,394 shares. Morgan Stanley has invested 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Vantage Advsrs Limited Liability holds 0% or 200 shares in its portfolio. Deutsche Bank & Trust Ag has invested 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Citigroup Incorporated invested in 0% or 54,850 shares. Thomson Horstmann Bryant owns 189,923 shares for 1.32% of their portfolio. Panagora Asset Mngmt stated it has 2,233 shares or 0% of all its holdings. Legal General Public Ltd accumulated 21,354 shares.

Since May 26, 2017, it had 0 insider buys, and 3 sales for $846,747 activity. The insider Aiken Robert Blaine Jr sold 2,946 shares worth $211,523. $289,000 worth of stock was sold by Kaufman Glenn B. on Friday, May 26.

The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) is a huge mover today! The stock increased 4.47% or $2.7 on September 15, reaching $63.1. About 452,659 shares traded or 35.97% up from the average. Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has risen 52.55% since September 17, 2016 and is uptrending. It has outperformed by 35.85% the S&P500.
The move comes after 8 months positive chart setup for the $815.74M company. It was reported on Sep, 17 by Barchart.com. We have $66.26 PT which if reached, will make NASDAQ:RRGB worth $40.79 million more.

Wall Street await Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to release earnings on November, 1. Analysts forecast earnings per share of $0.29, down exactly $0.09 or 23.68 % from 2014’s $0.38 EPS. The expected RRGB’s profit could reach $3.75M giving the stock 54.40 P/E in the case that $0.29 earnings per share is reported. After posting $0.61 EPS for the previous quarter, Red Robin Gourmet Burgers, Inc.’s analysts now forecast -52.46 % negative EPS growth.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Ratings Coverage

Among 8 analysts covering Red Robin Gourmet Burgers (NASDAQ:RRGB), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Red Robin Gourmet Burgers had 29 analyst reports since August 27, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, July 26 by Jefferies. The firm has “Hold” rating by Zacks given on Monday, September 7. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has “Buy” rating given on Wednesday, August 9 by BTIG Research. Jefferies maintained the shares of RRGB in report on Saturday, September 5 with “Buy” rating. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has “Buy” rating given on Wednesday, May 17 by Bank of America. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) earned “Buy” rating by Maxim Group on Thursday, April 21. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has “Neutral” rating given on Wednesday, December 14 by Bank of America. Maxim Group maintained Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) rating on Thursday, January 12. Maxim Group has “Buy” rating and $70 target. As per Tuesday, June 20, the company rating was maintained by Jefferies. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) earned “Buy” rating by Maxim Group on Thursday, January 7.

More notable recent Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) news were published by: Seekingalpha.com which released: “Keep Selling Red Robin Gourmet Burgers” on May 08, 2017, also Seekingalpha.com with their article: “Red Robin Gourmet Burgers (RRGB) Q4 2016 Results – Earnings Call Transcript” published on February 22, 2017, Seekingalpha.com published: “Red Robin: Still Building An Empty Nest” on April 17, 2017. More interesting news about Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) were released by: Seekingalpha.com and their article: “Red Robin Gourmet Burgers (RRGB) Q2 2017 Results – Earnings Call Transcript” published on August 09, 2017 as well as Nasdaq.com‘s news article titled: “Red Robin to Expand in Texas Despite Soft Industry Backdrop” with publication date: September 08, 2017.

Red Robin Gourmet Burgers, Inc., together with its subsidiaries, primarily develops, operates, and franchises full-service restaurants in North America and focuses on serving selection of gourmet burgers. The company has market cap of $815.74 million. The Company’s menu features a line of 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 has a 97.11 P/E ratio. The Firm also offers burgers made from chicken breasts, fish fillets, turkey patties, as well as vegetarian and vegan options.

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