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

Related RRGB
Wunderlich: Better Macro Trends Supports 2015 Restaurant Outlook
Wunderlich Securities Sees Strong Q3 EPS For Red Robin Gourmet Burgers

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
Nov 2014Bank of AmericaMaintainsBuy
Aug 2014JefferiesMaintainsBuy
Aug 2014WunderlichMaintainsBuy

View More Analyst Ratings for RRGB
View the Latest Analyst Ratings

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

 

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