Red Robin Gourmet Burgers (RRGB) Releases Quarterly Earnings Results
Red Robin Gourmet Burgers (NASDAQ:RRGB) announced its earnings results on Tuesday. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.10, AmericanBankingNews.com reports. The company had revenue of $340.50 million for the quarter, compared to the consensus estimate of $334.80 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 11.2% on a year-over-year basis.
A number of analysts have recently weighed in on RRGB shares. Analysts at Zacks reiterated a “neutral” rating on shares of Red Robin Gourmet Burgers in a research note on Thursday, April 3rd. They now have a $76.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $83.00.
Red Robin Gourmet Burgers (NASDAQ:RRGB) opened at 63.85 on Tuesday. Red Robin Gourmet Burgers has a 52-week low of $46.11 and a 52-week high of $86.83. The stock’s 50-day moving average is $67.38 and its 200-day moving average is $71.58. The company has a market cap of $919.7 million and a P/E ratio of 27.90.
Red Robin Gourmet Burgers, Inc (NASDAQ:RRGB) together with its subsidiaries, is a casual dining restaurant chain focused on serving gourmet burgers.
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