Stifel Nicolaus Downgrades Red Robin Gourmet to Hold

In a report released today, Christopher O`Cull from Stifel Nicolaus downgraded Red Robin Gourmet (NASDAQ: RRGB) to Hold, with a price target of $55. The company’s shares closed yesterday at $57.95.

According to TipRanks.com, O`Cull is a 4-star analyst with an average return of 7.8% and a 65.3% success rate. O`Cull covers the Services sector, focusing on stocks such as Brinker International, Jack In The Box Inc, and BJ’s Restaurants.

Currently, the analyst consensus on Red Robin Gourmet is Strong Buy and the average price target is $71.50, representing a 23.4% upside.

In a report released today, BTIG also downgraded the stock to Hold.

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Red Robin Gourmet’s market cap is currently $750.7M and has a P/E ratio of 25.09. The company has a Price to Book ratio of 1.94.

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.