Analysts Anticipate Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to Announce $0.35 EPS

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Analysts forecast that Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) will post $0.35 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Red Robin Gourmet Burgers’ earnings, with estimates ranging from $0.26 to $0.49. Red Robin Gourmet Burgers posted earnings per share of $0.46 during the same quarter last year, which suggests a negative year-over-year growth rate of 23.9%. The business is expected to report its next earnings results on Tuesday, August 20th.

On average, analysts expect that Red Robin Gourmet Burgers will report full year earnings of $1.26 per share for the current financial year, with EPS estimates ranging from $1.14 to $1.37. For the next year, analysts anticipate that the business will post earnings of $0.92 per share, with EPS estimates ranging from $0.75 to $1.30. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its earnings results on Thursday, May 30th. The restaurant operator reported $0.19 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.29). The business had revenue of $409.87 million during the quarter, compared to analysts’ expectations of $408.98 million. Red Robin Gourmet Burgers had a negative net margin of 0.77% and a positive return on equity of 4.14%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.69 EPS.

A number of research firms have recently issued reports on RRGB. Maxim Group downgraded shares of Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and reduced their price target for the company from $46.00 to $29.00 in a research report on Wednesday, February 27th. Morgan Stanley cut their price objective on Red Robin Gourmet Burgers from $35.00 to $33.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 27th. BidaskClub downgraded Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 12th. Finally, TheStreet cut shares of Red Robin Gourmet Burgers from a “c” rating to a “d+” rating in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $42.70.

In other Red Robin Gourmet Burgers news, Director Glenn B. Kaufman acquired 1,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was acquired at an average price of $26.50 per share, with a total value of $26,500.00. Following the transaction, the director now directly owns 29,733 shares in the company, valued at $787,924.50. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Glenn B. Kaufman acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were acquired at an average cost of $26.00 per share, with a total value of $52,000.00. Following the transaction, the director now owns 29,733 shares in the company, valued at $773,058. The disclosure for this purchase can be found here. Insiders acquired a total of 206,336 shares of company stock worth $5,359,136 in the last quarter. 2.08% of the stock is currently owned by company insiders.

Several large investors have recently made changes to their positions in the stock. Morgan Stanley grew its position in Red Robin Gourmet Burgers by 281.7% in the 3rd quarter. Morgan Stanley now owns 136,366 shares of the restaurant operator’s stock worth $5,475,000 after purchasing an additional 100,644 shares during the last quarter. Arizona State Retirement System grew its position in Red Robin Gourmet Burgers by 6.0% in the 4th quarter. Arizona State Retirement System now owns 19,986 shares of the restaurant operator’s stock worth $534,000 after purchasing an additional 1,132 shares during the last quarter. KBC Group NV grew its position in Red Robin Gourmet Burgers by 12.9% in the 4th quarter. KBC Group NV now owns 30,368 shares of the restaurant operator’s stock worth $811,000 after purchasing an additional 3,464 shares during the last quarter. Rhumbline Advisers grew its position in Red Robin Gourmet Burgers by 20.6% in the 4th quarter. Rhumbline Advisers now owns 38,446 shares of the restaurant operator’s stock worth $1,027,000 after purchasing an additional 6,563 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Red Robin Gourmet Burgers in the 4th quarter worth about $3,132,000.

Shares of RRGB stock traded down $0.38 during mid-day trading on Friday, hitting $33.10. 2,049,721 shares of the stock were exchanged, compared to its average volume of 353,921. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.30 and a current ratio of 0.44. Red Robin Gourmet Burgers has a 12-month low of $24.57 and a 12-month high of $54.95. The firm has a market cap of $437.89 million, a price-to-earnings ratio of 19.13, a PEG ratio of 2.09 and a beta of 1.02.

About Red Robin Gourmet Burgers

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. The company's restaurants primarily offer burgers; various appetizers, salads, soups, seafood, and other entrees; and desserts, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

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