UPDATE: Wunderlich Securities Upgrades Red Robin Gourmet Burgers on Strong Performance Despite Consumer Headwinds

In a report published Friday, Wunderlich Securities analyst Robert M. Derrington upgraded the rating on Red Robin Gourmet Burgers (NASDAQ: RRGB ) from Hold to Buy, and raised the price target from $70.00 to $90.00. In the report, Wunderlich Securities noted, “We are elevating our rating on Red Robin (RRGB)