Could Red Robin Gourmet Burgers, Inc. (RRGB) See a Reversal After This Very Strong Session?

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.
Susquehanna Int Grp Inc Incorporated Ltd Liability Partnership holds 0% or 49,027 shares. Minnesota-based Ameriprise Financial has invested 0% in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Sei Investments Co owns 17,132 shares for 0% of their portfolio. Emerald Advisers Incorporated Pa has invested 0.55% of its portfolio in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB). Arizona State Retirement Sys has 0.01% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 6,595 shares. Counselors Of Maryland Ltd Llc holds 327,265 shares or 0.98% of its portfolio. Walleye Trading Limited Liability Corporation invested in 2,378 shares. Whittier Trust accumulated 145 shares or 0% of the stock. Tower Research Capital Ltd Company (Trc) invested in 0% or 113 shares. Moreover, Legal And General Group Inc Pcl has 0% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 21,354 shares. 67,855 were accumulated by Millennium Lc. Emerald Mutual Fund Advisers owns 123,503 shares. Renaissance Technologies Ltd Company owns 36,700 shares or 0% of their US portfolio. 116,733 were reported by Nordea Invest Mngmt Ab. Moreover, First Midwest Savings Bank Tru Division has 0.04% invested in Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) for 6,092 shares.

Since May 26, 2017, it had 0 insider buys, and 3 selling transactions for $846,747 activity. On Wednesday, May 31 the insider Howell Richard J sold $346,224. $211,523 worth of Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) was sold by Aiken Robert Blaine Jr on Wednesday, May 31.

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.

Analysts expect Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to report $0.29 EPS on November, 1.They anticipate $0.09 EPS change or 23.68 % from last quarter’s $0.38 EPS. RRGB’s profit would be $3.75M giving it 54.40 P/E if the $0.29 EPS is correct. After having $0.61 EPS previously, Red Robin Gourmet Burgers, Inc.’s analysts see -52.46 % EPS growth.

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. Maxim Group maintained Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) rating on Tuesday, October 25. Maxim Group has “Buy” rating and $63 target. The rating was downgraded by Bank of America on Tuesday, September 13 to “Underperform”. As per Friday, May 26, the company rating was upgraded by Canaccord Genuity. Jefferies maintained the stock with “Buy” rating in Saturday, September 5 report. The stock has “Buy” rating by BTIG Research on Wednesday, August 9. The company was maintained on Tuesday, August 8 by Jefferies. The firm has “Buy” rating by Zacks given on Thursday, August 27. The rating was maintained by Jefferies on Tuesday, June 20 with “Hold”. As per Friday, June 17, the company rating was maintained by Maxim Group. Bank of America upgraded Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) on Wednesday, December 14 to “Neutral” rating.

More notable recent Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) news were published by: Seekingalpha.com which released: “Red Robin: Still Building An Empty Nest” on April 17, 2017, also Seekingalpha.com with their article: “Keep Selling Red Robin Gourmet Burgers” published on May 08, 2017, Seekingalpha.com published: “Red Robin Gourmet Burgers (RRGB) Q2 2017 Results – Earnings Call Transcript” on August 09, 2017. More interesting news about Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) were released by: Fool.com and their article: “Why Red Robin Gourmet Burgers, Inc. Stock Jumped 28% in March” published on April 11, 2017 as well as Nasdaq.com‘s news article titled: “Red Robin to Expand in Texas Despite Soft Industry Backdrop” with publication date: September 08, 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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