.png "Red Robin Gourmet (NASDAQ: RRGB)")
In a report released today, Stephen Anderson from Maxim Group maintained a Buy rating on Red Robin Gourmet (NASDAQ: RRGB), with a price target of $68. The company’s shares closed yesterday at $57.95.
Anderson observed:
“We maintain our Buy rating on Red Robin (RRGB), though lower our price target to $68, from $71, after disappointing 1Q18 (March) results.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 10.5% and a 67.6% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.
Currently, the analyst consensus on Red Robin Gourmet is Moderate Buy and the average price target is $65.75, representing a 13.5% upside.
In a report issued on May 9, Stifel Nicolaus also upgraded the stock to Buy with a $75 price target.
See today’s analyst top recommended stocks >>
Based on Red Robin Gourmet’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $4.38 million. In comparison, last year the company had a net profit of $11.57 million.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Pattye Moore, a Director at RRGB sold 1,500 shares for a total of $86,970.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Red Robin Gourmet Burgers, Inc. engages in the development, operation, and franchise of full-service restaurants through its subsidiaries. It operates through the following segments: Restaurant, FranChise Royalties and Fees, and Other. It serves a variety of salads, soups, appetizers, entrees, desserts, and signature beverages.
