$0.63 Earnings Per Share Expected for Red Robin Gourmet Burgers, Inc. (RRGB) This Quarter

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Wall Street analysts predict that Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) will post earnings per share of $0.63 for the current quarter, Zacks reports. Four analysts have provided estimates for Red Robin Gourmet Burgers’ earnings, with the lowest EPS estimate coming in at $0.40 and the highest estimate coming in at $0.76. Red Robin Gourmet Burgers reported earnings per share of $0.69 during the same quarter last year, which suggests a negative year-over-year growth rate of 8.7%. The firm is expected to report its next earnings report on Tuesday, May 28th.

According to Zacks, analysts expect that Red Robin Gourmet Burgers will report full year earnings of $1.42 per share for the current fiscal year, with EPS estimates ranging from $1.33 to $1.52. For the next financial year, analysts forecast that the business will report earnings of $1.64 per share, with EPS estimates ranging from $1.45 to $1.91. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings data on Tuesday, February 26th. The restaurant operator reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.06. Red Robin Gourmet Burgers had a negative net margin of 0.48% and a positive return on equity of 5.77%. The business had revenue of $306.78 million during the quarter, compared to analysts’ expectations of $308.03 million. During the same quarter in the prior year, the business posted $0.78 earnings per share. Red Robin Gourmet Burgers’s revenue was down 10.8% compared to the same quarter last year.

RRGB has been the subject of several recent analyst reports. Maxim Group reaffirmed a “buy” rating on shares of Red Robin Gourmet Burgers in a research report on Thursday, January 3rd. Morgan Stanley lowered their target price on Red Robin Gourmet Burgers from $35.00 to $33.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 27th. Jefferies Financial Group downgraded Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating in a research note on Wednesday, December 19th. ValuEngine raised Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research note on Thursday, January 17th. Finally, BidaskClub raised Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research note on Friday, January 11th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. Red Robin Gourmet Burgers has a consensus rating of “Hold” and an average price target of $43.70.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in shares of Red Robin Gourmet Burgers by 2.7% in the fourth quarter. BlackRock Inc. now owns 1,902,567 shares of the restaurant operator’s stock valued at $50,837,000 after buying an additional 50,492 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Red Robin Gourmet Burgers by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,101,985 shares of the restaurant operator’s stock valued at $29,445,000 after buying an additional 5,459 shares during the period. Investment Counselors of Maryland LLC increased its stake in shares of Red Robin Gourmet Burgers by 2.0% in the fourth quarter. Investment Counselors of Maryland LLC now owns 554,181 shares of the restaurant operator’s stock valued at $14,808,000 after buying an additional 10,834 shares during the period. Alliancebernstein L.P. increased its stake in shares of Red Robin Gourmet Burgers by 17.2% in the third quarter. Alliancebernstein L.P. now owns 489,682 shares of the restaurant operator’s stock valued at $19,661,000 after buying an additional 71,870 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Red Robin Gourmet Burgers by 7.2% in the fourth quarter. American Century Companies Inc. now owns 442,914 shares of the restaurant operator’s stock valued at $11,835,000 after buying an additional 29,733 shares during the period.

RRGB traded up $0.16 on Friday, hitting $28.85. 147,623 shares of the stock were exchanged, compared to its average volume of 235,367. Red Robin Gourmet Burgers has a 12 month low of $25.46 and a 12 month high of $67.10. The company has a quick ratio of 0.42, a current ratio of 0.58 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $371.97 million, a price-to-earnings ratio of 16.58, a P/E/G ratio of 2.08 and a beta of 0.86.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants in the United States and Canada. As of December 31, 2017, it operated 480 company-owned restaurants located in 39 states and 2 Canadian provinces; and had 86 casual-dining restaurants operated by franchisees in 15 states.

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