Analysts expect Red Robin (NASDAQ:RRGB) to post earnings per share of $0.72 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Red Robin’s earnings. The highest EPS estimate is $0.80 and the lowest is $0.70. Red Robin reported earnings of $0.89 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 19.1%. The firm is scheduled to issue its next earnings report on Tuesday, May 15th.
According to Zacks, analysts expect that Red Robin will report full year earnings of $2.64 per share for the current year, with EPS estimates ranging from $2.56 to $2.80. For the next year, analysts anticipate that the company will post earnings of $3.08 per share, with EPS estimates ranging from $2.92 to $3.35. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Red Robin.
Red Robin (NASDAQ:RRGB) last posted its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.24. Red Robin had a return on equity of 8.63% and a net margin of 2.17%. The business had revenue of $342.35 million for the quarter, compared to analyst estimates of $330.51 million. During the same period last year, the company earned $0.35 EPS. The firm’s revenue was up 17.5% on a year-over-year basis.
Several research firms have weighed in on RRGB. BidaskClub upgraded Red Robin from a “buy” rating to a “strong-buy” rating in a report on Friday. Jefferies Group upgraded Red Robin from a “hold” rating to a “buy” rating and lifted their target price for the stock from $58.00 to $63.00 in a report on Friday, December 22nd. Zacks Investment Research upgraded Red Robin from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Wednesday, January 31st. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $56.00 target price (down from $57.00) on shares of Red Robin in a report on Monday, February 26th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Red Robin presently has a consensus rating of “Buy” and a consensus target price of $66.73.
RRGB stock traded up $1.35 during midday trading on Thursday, hitting $63.80. 114,673 shares of the company’s stock were exchanged, compared to its average volume of 308,637. The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 0.71. The firm has a market cap of $789.32, a PE ratio of 25.08, a P/E/G ratio of 2.37 and a beta of 0.31. Red Robin has a one year low of $45.70 and a one year high of $74.11.
In other Red Robin news, Director Pattye L. Moore sold 1,500 shares of Red Robin stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $57.98, for a total value of $86,970.00. Following the sale, the director now owns 3,047 shares of the company’s stock, valued at approximately $176,665.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard J. Howell sold 3,416 shares of Red Robin stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $62.79, for a total value of $214,490.64. The disclosure for this sale can be found here. Company insiders own 2.66% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC acquired a new stake in shares of Red Robin in the 4th quarter valued at about $331,000. Teachers Advisors LLC increased its position in shares of Red Robin by 859.8% in the fourth quarter. Teachers Advisors LLC now owns 224,657 shares of the restaurant operator’s stock valued at $12,671,000 after acquiring an additional 201,251 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new stake in shares of Red Robin in the fourth quarter valued at about $229,000. Deutsche Bank AG increased its position in shares of Red Robin by 52.2% in the fourth quarter. Deutsche Bank AG now owns 28,698 shares of the restaurant operator’s stock valued at $1,617,000 after acquiring an additional 9,839 shares during the last quarter. Finally, AMP Capital Investors Ltd acquired a new stake in shares of Red Robin in the fourth quarter valued at about $287,000.
Red Robin 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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