In a report released today, John Glass from Morgan Stanley maintained a Hold rating on Red Robin Gourmet (RRGB), with a price target of $35.00. The company’s shares closed last Monday at $36.67, close to its 52-week high of $41.34.
According to TipRanks.com, Glass is a 4-star analyst with an average return of 6.7% and a 65.4% success rate. Glass covers the Services sector, focusing on stocks such as Restaurant Brands International, Brinker International, and Cheesecake Factory.
Red Robin Gourmet has an analyst consensus of Moderate Buy, with a price target consensus of $36.00.
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Red Robin Gourmet’s market cap is currently $574.3M and has a P/E ratio of -1.10. The company has a Price to Book ratio of 6.03.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling 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. develops, operates, and franchises full-service restaurants North America. It serves a variety of salads, soups, appetizers, entrees, seafood and desserts. The company was founded in September 1969 and is headquartered in Greenwood Village, CO.
