Piper Jaffray reiterated its Underweight rating on Red Robin RRGB. At the same time, the rating agency reduced its price target on the company's stock from $28 to $32. On Thursday, RRGB added 7.46% to its value to finish the day at $33.85. Its shares continued to surge in today's pre-market trading, rising 10.13% to stand around $37.28.
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