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

Related RRGB
Wunderlich Securities Sees Strong Q3 EPS For Red Robin Gourmet Burgers
Red Robin Gourmet Burgers Hops On Q3 Earnings Beat

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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