Is Buying Red Robin Gourmet Burgers, Inc. (RRGB) Here a Winning Strategy?

September 17, 2017 - By Henry Gaston

Investors sentiment increased to 1.1 in Q4 2016. Its up 0.24, from 0.86 in 2016Q3. It increased, as 17 investors sold Red Robin Gourmet Burgers, Inc. shares while 52 reduced holdings. 36 funds opened positions while 40 raised stakes. 13.45 million shares or 1.73% more from 13.22 million shares in 2016Q3 were reported.
Swiss Natl Bank holds 0% or 21,500 shares. North Carolina-based Commercial Bank Of America De has invested 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Ameriprise Fin, Minnesota-based fund reported 88,289 shares. Arizona State Retirement Systems holds 6,595 shares or 0.01% of its portfolio. Blackrock Institutional Tru Na holds 341,749 shares. Blackrock Advsr Limited Liability holds 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) or 6,825 shares. Amer Int Group has 9,888 shares. Great West Life Assurance Can invested in 0% or 16,517 shares. Blackrock Invest Mgmt Limited Liability Co accumulated 68,784 shares. Employees Retirement Of Texas holds 0.02% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 21,000 shares. Thomson Horstmann Bryant, Connecticut-based fund reported 189,923 shares. Clearbridge Limited Liability Co stated it has 170,883 shares. New York State Common Retirement Fund holds 0% or 52,350 shares. Parkside Financial Bank And Tru has 8 shares for 0% of their portfolio. Riverhead Capital Ltd Liability Corporation, Delaware-based fund reported 400 shares.

Since May 26, 2017, it had 0 insider buys, and 3 selling transactions for $846,747 activity. Howell Richard J sold 4,800 shares worth $346,224. The insider Kaufman Glenn B. sold 4,000 shares worth $289,000.

The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) is a huge mover today! The stock increased 4.47% or $2.7 on September 15, reaching $63.1. About 452,659 shares traded or 35.97% up from the average. Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has risen 52.55% since September 17, 2016 and is uptrending. It has outperformed by 35.85% the S&P500.
The move comes after 8 months positive chart setup for the $815.74M company. It was reported on Sep, 17 by Barchart.com. We have $66.26 PT which if reached, will make NASDAQ:RRGB worth $40.79 million more.

Investors wait Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to report on November, 1. its quarterly earnings Wall Street analysts expect $0.29 earnings per share, down $0.09 or 23.68 % from last year’s $0.38 same quarter earnings. This translates into $3.75M profit for RRGB giving the stock a 54.40 P/E. This is assuming the current $0.29 EPS is accurate. Red Robin Gourmet Burgers, Inc.’s Wall Street analysts see -52.46 % negative EPS growth, taking into account the $0.61 EPS reproted in the previous quarter,

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Ratings Coverage

Among 8 analysts covering Red Robin Gourmet Burgers (NASDAQ:RRGB), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Red Robin Gourmet Burgers had 29 analyst reports since August 27, 2015 according to SRatingsIntel. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has “Hold” rating given on Tuesday, August 8 by Jefferies. Jefferies maintained Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) on Saturday, September 5 with “Buy” rating. The rating was maintained by Jefferies with “Hold” on Tuesday, June 20. The stock has “Hold” rating by Zacks on Monday, August 31. The rating was upgraded by Bank of America to “Neutral” on Wednesday, December 14. Jefferies maintained Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) rating on Monday, September 11. Jefferies has “Hold” rating and $61.0 target. The rating was maintained by Maxim Group on Thursday, April 21 with “Buy”. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has “Overweight” rating given on Friday, October 21 by Stephens. Bank of America upgraded Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) on Wednesday, May 17 to “Buy” rating. The stock of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) has “Buy” rating given on Tuesday, October 25 by Maxim Group.

More notable recent Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) news were published by: Seekingalpha.com which released: “Keep Selling Red Robin Gourmet Burgers” on May 08, 2017, also Fool.com with their article: “Why Red Robin Gourmet Burgers, Inc. Fell 11% in September” published on October 09, 2016, Fool.com published: “Why Red Robin Gourmet Burgers, Inc. Stock Jumped 28% in March” on April 11, 2017. More interesting news about Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) were released by: Nasdaq.com and their article: “Red Robin to Expand in Texas Despite Soft Industry Backdrop” published on September 08, 2017 as well as Seekingalpha.com‘s news article titled: “Red Robin Gourmet Burgers (RRGB) Q4 2016 Results – Earnings Call Transcript” with publication date: February 22, 2017.

Red Robin Gourmet Burgers, Inc., together with its subsidiaries, primarily develops, operates, and franchises full-service restaurants in North America and focuses on serving selection of gourmet burgers. The company has market cap of $815.74 million. The Company’s menu features a line of 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 has a 97.11 P/E ratio. The Firm also offers burgers made from chicken breasts, fish fillets, turkey patties, as well as vegetarian and vegan options.

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