In a report published Wednesday, BMO Capital Markets reiterated its Outperform rating on Red Robin Gourmet Burgers RRGB, and raised its price target from $43.00 to $50.00.
BMO Capital Markets noted, “Red Robin's 4Q EPS roughly doubled to $0.59 excluding one-time items on better-than-expected comps and margins – growth was 36% excluding $0.21 from an additional operating week. The operating results were better than expected on almost every account. Comps increased +1.5% versus our +0.5% forecast and restaurant margin grew ~140 bp to 15.1% versus our 14.0% estimate.”
Red Robin Gourmet Burgers closed on Tuesday at $43.33.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in