Market Overview

UPDATE: BMO Capital Markets Reiterates Outperform Rating, Raises PT on Red Robin Gourmet Burgers on Strong CF

Share:
Related RRGB
Red Robin CEO Weighs In On Q2 Earnings
Red Robin Q2 Sales Miss Expectations, Shares Drop

In a report published Wednesday, BMO Capital Markets reiterated its Outperform rating on Red Robin Gourmet Burgers (NASDAQ: 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.

Latest Ratings for RRGB

DateFirmActionFromTo
Jul 2015BTIG ResearchInitiates Coverage onNeutral
Mar 2015Longbow ResearchUpgradesNeutralBuy
Feb 2015JefferiesMaintainsBuy

View More Analyst Ratings for RRGB
View the Latest Analyst Ratings

Posted-In: BMO Capital MarketsAnalyst Color Price Target Analyst Ratings

 

Related Articles (RRGB)

View Comments and Join the Discussion!

Get Benzinga's Newsletters