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UPDATE: Jefferies Reiterates Hold Rating, Raises PT on Red Robin Gourmet Burgers on Strong 4Q Beat

Related RRGB
UPDATE: Morgan Stanley Reiterates On Red Robin Gourmet Burgers, Inc. Following Investor Meetings
Red Robin (RRGB) Downgraded to Strong Sell on Dismal Q2

In a report published Wednesday, Jefferies reiterated its Hold rating on Red Robin Gourmet Burgers (NASDAQ: RRGB), and raised its price target from $32.00 to $43.00.

Jefferies noted, “Although we suspected momentum was building, we were surprised by the magnitude of the 4Q beat & optimistic outlook, given the challenging external environment. We think it is becoming clear that RRGB is separating itself from the crowd and that there is more leverage in this model than investors expected. We suspect this means more upside ahead, but find it difficult to visualize more than 15% upside to shares in 1 year's time.”

Red Robin Gourmet Burgers closed on Tuesday at $43.33.

Latest Ratings for RRGB

DateFirmActionFromTo
Aug 2014JefferiesMaintainsBuy
Aug 2014WunderlichMaintainsBuy
Aug 2014Longbow ResearchDowngradesBuyNeutral

View More Analyst Ratings for RRGB
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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