Brokerages Expect Red Robin Gourmet Burgers, Inc. (RRGB) Will Post Earnings of $0.55 Per Share

Wall Street brokerages expect that Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) will report earnings per share of $0.55 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Red Robin Gourmet Burgers’ earnings. The highest EPS estimate is $0.60 and the lowest is $0.52. Red Robin Gourmet Burgers posted earnings per share of $0.35 in the same quarter last year, which would indicate a positive year-over-year growth rate of 57.1%. The company is scheduled to report its next earnings report on Tuesday, February 20th.

On average, analysts expect that Red Robin Gourmet Burgers will report full year earnings of $2.26 per share for the current year, with EPS estimates ranging from $2.23 to $2.31. For the next financial year, analysts anticipate that the business will report earnings of $2.65 per share, with EPS estimates ranging from $2.51 to $2.75. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its earnings results on Monday, November 6th. The restaurant operator reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.09). Red Robin Gourmet Burgers had a net margin of 0.94% and a return on equity of 7.32%. The firm had revenue of $304.20 million during the quarter, compared to analysts’ expectations of $308.44 million. During the same quarter last year, the firm earned $0.38 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year.

RRGB has been the subject of a number of analyst reports. BTIG Research reaffirmed a “buy” rating and issued a $70.00 price target (up previously from $64.00) on shares of Red Robin Gourmet Burgers in a research report on Tuesday, September 12th. Zacks Investment Research cut Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Canaccord Genuity reaffirmed a “buy” rating and issued a $80.00 price target on shares of Red Robin Gourmet Burgers in a research report on Sunday, October 1st. Jefferies Group reduced their price target on Red Robin Gourmet Burgers from $61.00 to $58.00 and set a “hold” rating for the company in a research report on Tuesday, November 7th. Finally, Maxim Group cut Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and reduced their price target for the stock from $75.00 to $60.00 in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $69.45.

In related news, COO Carin Stutz purchased 715 shares of Red Robin Gourmet Burgers stock in a transaction on Tuesday, November 14th. The stock was bought at an average price of $49.15 per share, with a total value of $35,142.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.66% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of RRGB. Public Employees Retirement System of Ohio lifted its position in shares of Red Robin Gourmet Burgers by 6.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,871 shares of the restaurant operator’s stock worth $122,000 after purchasing an additional 112 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of Red Robin Gourmet Burgers during the 3rd quarter worth about $147,000. Advisor Group Inc. acquired a new position in shares of Red Robin Gourmet Burgers during the 2nd quarter worth about $163,000. Seven Eight Capital LP acquired a new position in shares of Red Robin Gourmet Burgers during the 2nd quarter worth about $163,000. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of Red Robin Gourmet Burgers by 3.8% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 3,040 shares of the restaurant operator’s stock worth $198,000 after purchasing an additional 110 shares during the last quarter.

Shares of Red Robin Gourmet Burgers (NASDAQ RRGB) traded down $1.00 during midday trading on Friday, reaching $54.05. The company’s stock had a trading volume of 282,857 shares, compared to its average volume of 320,175. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.76. Red Robin Gourmet Burgers has a 1 year low of $45.20 and a 1 year high of $74.11. The stock has a market capitalization of $725.71, a P/E ratio of 56.90, a P/E/G ratio of 2.08 and a beta of 0.56.

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Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates, and franchises full-service restaurants in North America and focuses on serving selection of gourmet burgers. The Company’s menu features a line of gourmet burgers, which it makes from ground beef, as well as its line of Red’s Tavern Double Burgers and its Red Robin’s line of half-pound Angus beef burgers with various toppings.

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