Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Expected to Announce Quarterly Sales of $304.42 Million

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Brokerages expect Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to post $304.42 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Red Robin Gourmet Burgers’ earnings. The highest sales estimate is $307.45 million and the lowest is $301.64 million. Red Robin Gourmet Burgers reported sales of $306.78 million during the same quarter last year, which would suggest a negative year over year growth rate of 0.8%. The business is expected to announce its next quarterly earnings report on Tuesday, February 25th.

According to Zacks, analysts expect that Red Robin Gourmet Burgers will report full-year sales of $1.32 billion for the current financial year, with estimates ranging from $1.31 billion to $1.32 billion. For the next year, analysts expect that the company will post sales of $1.29 billion, with estimates ranging from $1.26 billion to $1.31 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings results on Tuesday, November 5th. The restaurant operator reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.02). The company had revenue of $294.22 million during the quarter, compared to analysts’ expectations of $289.52 million. Red Robin Gourmet Burgers had a negative net margin of 0.82% and a positive return on equity of 4.89%. Red Robin Gourmet Burgers’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the company earned $0.16 earnings per share.

A number of equities research analysts have recently issued reports on RRGB shares. ValuEngine upgraded Red Robin Gourmet Burgers from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 8th. Maxim Group dropped their price target on Red Robin Gourmet Burgers from $44.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. Raymond James reiterated a “hold” rating on shares of Red Robin Gourmet Burgers in a research report on Friday, September 6th. Loop Capital lowered their price objective on Red Robin Gourmet Burgers to $33.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Finally, Bank of America lowered Red Robin Gourmet Burgers from a “neutral” rating to an “underperform” rating and set a $30.00 price objective for the company. in a research report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $34.33.

In other news, Director David Pace purchased 7,143 shares of the stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average cost of $27.37 per share, for a total transaction of $195,503.91. Following the completion of the transaction, the director now directly owns 9,931 shares in the company, valued at approximately $271,811.47. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Paul J. B. Murphy III purchased 10,000 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were purchased at an average price of $27.32 per share, with a total value of $273,200.00. The disclosure for this purchase can be found here. Corporate insiders own 2.08% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Maverick Capital Ltd. boosted its position in shares of Red Robin Gourmet Burgers by 28.2% during the third quarter. Maverick Capital Ltd. now owns 57,242 shares of the restaurant operator’s stock worth $1,904,000 after buying an additional 12,592 shares during the period. Man Group plc purchased a new position in shares of Red Robin Gourmet Burgers during the third quarter worth $2,265,000. Barclays PLC boosted its position in shares of Red Robin Gourmet Burgers by 47.1% during the third quarter. Barclays PLC now owns 32,072 shares of the restaurant operator’s stock worth $1,066,000 after buying an additional 10,267 shares during the period. State Street Corp boosted its position in shares of Red Robin Gourmet Burgers by 1.2% during the third quarter. State Street Corp now owns 378,175 shares of the restaurant operator’s stock worth $12,578,000 after buying an additional 4,440 shares during the period. Finally, California Public Employees Retirement System boosted its position in shares of Red Robin Gourmet Burgers by 15.8% during the third quarter. California Public Employees Retirement System now owns 21,584 shares of the restaurant operator’s stock worth $718,000 after buying an additional 2,941 shares during the period.

Shares of RRGB stock traded down $0.06 during trading hours on Monday, reaching $27.90. The company had a trading volume of 131,398 shares, compared to its average volume of 176,366. The company has a debt-to-equity ratio of 1.82, a quick ratio of 0.24 and a current ratio of 0.38. The stock has a fifty day moving average of $28.15 and a 200-day moving average of $30.96. The company has a market capitalization of $351.64 million, a price-to-earnings ratio of 16.13, a PEG ratio of 3.62 and a beta of 1.13. Red Robin Gourmet Burgers has a 12-month low of $24.57 and a 12-month high of $36.85.

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. 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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Earnings History and Estimates for Red Robin Gourmet Burgers (NASDAQ:RRGB)

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