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Canaccord disclosed Red Robin Gourmet (NASDAQ:RRGB), boosting its price target to $72.00 earlier today

Just yesterday Red Robin Gourmet (NASDAQ:RRGB) traded -2.45% lower at $72.25. Red Robin Gourmet’s 50-day moving average is $60.24 and its 200-day moving average is $61.57. The last stock price is up 6.70% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.02% over the same time period. 405,373 shares of RRGB traded hands, up from an average trading volume of 290,456

Reporting a potential downside of 0.00%, Canaccord increased the stock price target of Red Robin Gourmet (NASDAQ:RRGB) to $72.00

Previously on 5/19/2017, Zacks Investment Research released a statement about Red Robin Gourmet (NASDAQ:RRGB) increased the target price from $0.00 to $80.00. At the time, this indicated a possible upside of 0.12%.

Recent Performance Chart

Red Robin Gourmet (NASDAQ:RRGB)

Red Robin Gourmet has 52 week low of $40.85 and a 52 week high of $74.11 with a PE ratio of 101.86 and has a market capitalization of $0.

In addition to Canaccord reporting its stock price target, a total of 7 brokerages have issued a research note on the company. The average stock price target is $81.86 with 4 brokerages rating the stock a strong buy, 2 brokerages rating the stock a buy, 5 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Red Robin Gourmet (NASDAQ:RRGB)

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'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. The Company also offers burgers made from chicken breasts, fish fillets, turkey patties, as well as vegetarian and vegan options. The Company offered a selection of buns, including ciabatta, gluten free, sesame, onion, whole grain, jalapeno and lettuce wraps a range of toppings, including fresh guacamole, house made barbeque sauces, aiolis, grilled pineapple, crispy onion straws, sauteed mushrooms, fried jalapenos, bruschetta salsa, coleslaw, eight different cheese choices and a fried egg, as of December 25, 2016.

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