Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) updated its third quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.20-$0.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.55.

A number of equities research analysts have recently issued reports on RRGB shares. Maxim Group reaffirmed a buy rating and issued a $80.00 price objective (up previously from $75.00) on shares of Red Robin Gourmet Burgers in a research note on Wednesday, May 17th. Canaccord Genuity raised shares of Red Robin Gourmet Burgers from a hold rating to a buy rating and upped their price objective for the company from $72.00 to $90.00 in a research note on Friday, May 26th. TheStreet raised shares of Red Robin Gourmet Burgers from a c rating to a b- rating in a research note on Thursday, May 18th. Zacks Investment Research raised shares of Red Robin Gourmet Burgers from a hold rating to a buy rating and set a $80.00 price objective for the company in a research note on Friday, May 19th. Finally, Wells Fargo & Company reaffirmed a market perform rating and issued a $70.00 price objective on shares of Red Robin Gourmet Burgers in a research note on Thursday, May 25th. Two analysts have rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $74.80.

Shares of Red Robin Gourmet Burgers, Inc. (RRGB) traded down 5.45% during midday trading on Tuesday, reaching $53.75. 844,787 shares of the company’s stock traded hands. The company has a market capitalization of $691.71 million, a price-to-earnings ratio of 78.81 and a beta of 0.62. Red Robin Gourmet Burgers, Inc. has a one year low of $40.85 and a one year high of $74.11. The company has a 50-day moving average of $64.27 and a 200-day moving average of $58.25.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings data on Tuesday, May 16th. The restaurant operator reported $0.89 EPS for the quarter, topping the consensus estimate of $0.58 by $0.31. The company had revenue of $418.60 million during the quarter, compared to analyst estimates of $416.48 million. Red Robin Gourmet Burgers had a net margin of 0.69% and a return on equity of 8.73%. Red Robin Gourmet Burgers’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.27 earnings per share. Equities research analysts anticipate that Red Robin Gourmet Burgers, Inc. will post $2.93 EPS for the current year.

In other Red Robin Gourmet Burgers news, Director Robert Blaine Aiken, Jr. sold 2,946 shares of Red Robin Gourmet Burgers stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $71.80, for a total transaction of $211,522.80. Following the completion of the transaction, the director now directly owns 6,547 shares of the company’s stock, valued at $470,074.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Glenn B. Kaufman sold 4,000 shares of Red Robin Gourmet Burgers stock in a transaction on Friday, May 26th. The stock was sold at an average price of $72.25, for a total transaction of $289,000.00. The disclosure for this sale can be found here. 2.66% of the stock is owned by insiders.

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About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates, and franchises full-service restaurants in North America and focuses on serving selection of gourmet burgers. The Company’s menu features a line of gourmet burgers, which it makes from ground beef, as well as its line of Red’s Tavern Double Burgers and its Red Robin’s line of half-pound Angus beef burgers with various toppings.

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