UPDATE: DA Davidson Terminates Coverage on Red Robin Gourmet Burgers

DA Davidson says it is dropping its Buy rating on Red Robin Gourmet Burgers (NASDAQ: RRGB) due to the departure of the analyst that covered the company.

DA Davidson notes, "Due to the departure of our analyst we are dropping coverage of RRGB shares effective immediately. All estimates, target prices and rating (Buy) published by D.A. Davidson & Co. on April 4, 2012 are now being vacated."

RRGB closed at $35.61 on Monday.

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