There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Red Robin Gourmet (RRGB – Research Report) and The Lovesac Company (LOVE – Research Report) with bullish sentiments.
Red Robin Gourmet (RRGB)
In a report released today, Jeremy Hamblin from Craig-Hallum initiated coverage with a Buy rating on Red Robin Gourmet and a price target of $20.00. The company’s shares closed last Wednesday at $6.50, close to its 52-week low of $5.56.
According to TipRanks.com, Hamblin is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Red Robin Gourmet with a $19.00 average price target, implying a 188.3% upside from current levels. In a report issued on April 15, Benchmark Co. also maintained a Buy rating on the stock with a $18.00 price target.
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The Lovesac Company (LOVE)
In a report released today, Alex Fuhrman from Craig-Hallum maintained a Buy rating on The Lovesac Company. The company’s shares closed last Wednesday at $22.43.
According to TipRanks.com, Fuhrman has currently 0 stars on a ranking scale of 0-5 stars, with an average return of
The Lovesac Company has an analyst consensus of Strong Buy, with a price target consensus of $43.33, which is a 94.1% upside from current levels. In a report issued on April 17, Maxim Group also initiated coverage with a Buy rating on the stock with a $36.00 price target.
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