UPDATE: Bank of America Upgrades Red Robin Gourmet Burgers as Premium Valuation is Warranted

In a report published Monday, Bank of America analyst Joseph T. Buckley upgraded the rating on Red Robin Gourmet Burgers (NASDAQ: RRGB ) from Underperform to Buy, and reiterated the $80.00 price target. In the report, Bank of America noted, “We are upgrading our rating on RRGB shares from Underperform