Red Robin Gourmet Burgers, Inc. (RRGB) Expected to Announce Earnings of $0.68 Per Share

Wall Street analysts forecast that Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) will announce earnings per share of $0.68 for the current quarter, Zacks reports. Four analysts have made estimates for Red Robin Gourmet Burgers’ earnings, with the highest EPS estimate coming in at $0.74 and the lowest estimate coming in at $0.64. Red Robin Gourmet Burgers reported earnings of $0.61 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 11.5%. The firm is scheduled to issue its next earnings results on Tuesday, August 14th.

On average, analysts expect that Red Robin Gourmet Burgers will report full-year earnings of $2.54 per share for the current financial year, with EPS estimates ranging from $2.42 to $2.68. For the next fiscal year, analysts forecast that the firm will report earnings of $2.97 per share, with EPS estimates ranging from $2.80 to $3.15. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings results on Tuesday, May 22nd. The restaurant operator reported $0.69 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.07). Red Robin Gourmet Burgers had a net margin of 1.65% and a return on equity of 7.80%. The business had revenue of $421.50 million for the quarter, compared to analysts’ expectations of $427.01 million. During the same period in the previous year, the company earned $0.89 EPS. Red Robin Gourmet Burgers’s revenue for the quarter was up .2% compared to the same quarter last year.

Several equities research analysts have recently commented on the stock. Stifel Nicolaus upped their price target on shares of Red Robin Gourmet Burgers from $60.00 to $65.00 and gave the company a “hold” rating in a research report on Wednesday, April 18th. BidaskClub raised shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating in a research report on Tuesday, March 6th. Morgan Stanley reduced their price target on shares of Red Robin Gourmet Burgers from $56.00 to $52.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 23rd. ValuEngine lowered shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a report on Friday, May 18th. Finally, TheStreet raised shares of Red Robin Gourmet Burgers from a “c+” rating to a “b” rating in a report on Thursday, April 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $62.50.

In other news, CFO Guy J. Constant bought 5,000 shares of Red Robin Gourmet Burgers stock in a transaction that occurred on Friday, May 25th. The stock was bought at an average cost of $49.52 per share, with a total value of $247,600.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.64% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. 6 Meridian increased its holdings in Red Robin Gourmet Burgers by 9.2% in the 1st quarter. 6 Meridian now owns 11,449 shares of the restaurant operator’s stock worth $664,000 after acquiring an additional 966 shares in the last quarter. Northern Trust Corp increased its holdings in Red Robin Gourmet Burgers by 0.5% in the 1st quarter. Northern Trust Corp now owns 181,817 shares of the restaurant operator’s stock worth $10,546,000 after acquiring an additional 971 shares in the last quarter. Swiss National Bank increased its holdings in Red Robin Gourmet Burgers by 4.7% in the 1st quarter. Swiss National Bank now owns 22,500 shares of the restaurant operator’s stock worth $1,305,000 after acquiring an additional 1,000 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in Red Robin Gourmet Burgers by 8.6% in the 4th quarter. OppenheimerFunds Inc. now owns 16,298 shares of the restaurant operator’s stock worth $919,000 after purchasing an additional 1,288 shares during the period. Finally, New York State Teachers Retirement System boosted its stake in Red Robin Gourmet Burgers by 3.5% in the 1st quarter. New York State Teachers Retirement System now owns 38,500 shares of the restaurant operator’s stock worth $2,233,000 after purchasing an additional 1,300 shares during the period.

Shares of Red Robin Gourmet Burgers traded down $0.85, hitting $49.20, during midday trading on Wednesday, according to MarketBeat. 208,200 shares of the company’s stock traded hands, compared to its average volume of 351,332. Red Robin Gourmet Burgers has a 1 year low of $45.70 and a 1 year high of $70.10. The firm has a market capitalization of $658.33 million, a P/E ratio of 19.94, a PEG ratio of 2.05 and a beta of 0.22. The company has a quick ratio of 0.33, a current ratio of 0.52 and a debt-to-equity ratio of 0.61.

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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