Standpoint Research Downgrades Red Robin Gourmet Burgers to Hold

Brokerage firm Standpoint Research Downgrades its rating on Red Robin Gourmet Burgers(RRGB). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by the stock financial advisor at Standpoint Research was issued on Mar 28, 2017 in a research report to their Investors and Clients.

Red Robin Gourmet Burgers (RRGB) made into the market gainers list on Fridays trading session with the shares advancing 1.11% or 0.6 points. Due to strong positive momentum, the stock ended at $54.6, which is also near the day’s high of $55.25. The stock began the session at $53.95 and the volume stood at 3,13,745 shares. The 52-week high of the shares is $67.05 and the 52 week low is $40.85. The company has a current market capitalization of $702 M and it has 1,28,57,564 shares in outstanding.

Red Robin Gourmet Burgers(RRGB) last announced its earnings results on Feb 21, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $291.459M. Analysts had an estimated revenue of $295.740M. Earnings per share were $0.35. Analysts had estimated an EPS of $0.35.

Several Insider Transactions has been reported to the SEC. On Mar 6, 2017, Carin Stutz (COO) purchased 1,100 shares at $47.90 per share price.Also, On Nov 16, 2016, Richard J Howell (director) sold 3,000 shares at $55.33 per share price.On Nov 15, 2016, Stuart B Brown (Former Chief Financial Officer) sold 14,029 shares at $53.80 per share price, according to the Form-4 filing with the securities and exchange commission.

Red Robin Gourmet Burgers Inc. is a casual dining restaurant chain. The Company is focused on serving a selection of gourmet burgers. Its offers 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 also offers burgers made from chicken breasts fish fillets turkey patties vegetarian and vegan options. It offers a selection of buns including ciabatta gluten free sesame onion and whole grain buns and jalapeno rolls-with a variety of toppings. It offers a variety of appetizers salads soups seafood and other entrees desserts its signature alcoholic and non-alcoholic specialty beverages and a variety of national and craft beers. It offers its products under the brand names Red Robin Red Robin Gourmet Burgers Red Robin America’s Gourmet Burgers & Spirits Red Robin Burger Works YUMMM Red Robin Gourmet Burgers and Brews and Red Robin Royalty.

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