Analysts Offer Insights on Services Companies: Costco (NASDAQ: COST) and Red Robin Gourmet (NASDAQ: RRGB)

By Carrie Williams

There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Costco (NASDAQ: COST) and Red Robin Gourmet (NASDAQ: RRGB) with bullish sentiments.

Costco (NASDAQ: COST)

Stifel Nicolaus analyst Mark Astrachan reiterated a Buy rating on Costco (NASDAQ: COST) today and set a price target of $191. The company’s shares closed yesterday at $174.73, close to its 52-week high of $176.06.

According to TipRanks.com, Astrachan is a 2-star analyst with an average return of 0.9% and a 58.9% success rate. Astrachan covers the Consumer Goods sector, focusing on stocks such as Estee Lauder Companies, Keurig Green Mountain, and Monster Beverage Corp.

Currently, the analyst consensus on Costco is Strong Buy and the average price target is $185.90, representing a 6.4% upside.

In a report released today, Oppenheimer also reiterated a Buy rating on the stock with a $185 price target.
Red Robin Gourmet (NASDAQ: RRGB)

Red Robin Gourmet (NASDAQ: RRGB) received a Buy rating from Canaccord Genuity analyst Lynne Collier today. The company’s shares closed yesterday at $72, close to its 52-week high of $74.11.

According to TipRanks.com, Collier is a 5-star analyst with an average return of 18.0% and a 76.8% success rate. Collier covers the Services sector, focusing on stocks such as Brinker International, The Chefs’ Warehouse, and Thomson Reuters Corp.

Currently, the analyst consensus on Red Robin Gourmet is Strong Buy and the average price target is $71.50, representing a -0.7% downside.

In a report issued on May 11, Maxim Group also reiterated a Buy rating on the stock with a $75 price target.

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