Red Robin Gourmet (NASDAQ: RRGB) received a Hold rating from Raymond James analyst Brian Vaccaro today. The company’s shares closed yesterday at $45.85, close to its 52-week low of $45.30.
According to TipRanks.com, Vaccaro has 0 stars on 0-5 star ranking scale with an average return of -5.4% and a 46.1% success rate. Vaccaro covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Carrols Restaurant Group, and Dine Brands Global Inc.
Currently, the analyst consensus on Red Robin Gourmet is a Moderate Buy with an average price target of $53.20, implying a 16.0% upside from current levels. In a report released yesterday, Canaccord Genuity also downgraded the stock to Hold with a $42 price target.
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Red Robin Gourmet’s market cap is currently $595.1M and has a P/E ratio of 26.05. The company has a Price to Book ratio of 1.52.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RRGB in relation to earlier this year.
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.
