Brokerages expect Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to report sales of $307.68 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Red Robin Gourmet Burgers’ earnings, with estimates ranging from $303.48 million to $311.62 million. Red Robin Gourmet Burgers posted sales of $297.31 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3.5%. The company is scheduled to report its next earnings report on Wednesday, November 1st.

On average, analysts expect that Red Robin Gourmet Burgers will report full-year sales of $307.68 million for the current fiscal year, with estimates ranging from $1.37 billion to $1.38 billion. For the next financial year, analysts expect that the company will post sales of $1.39 billion per share, with estimates ranging from $1.37 billion to $1.40 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings results on Tuesday, August 8th. The restaurant operator reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.10. Red Robin Gourmet Burgers had a net margin of 0.64% and a return on equity of 8.00%. The firm had revenue of $315.80 million during the quarter, compared to the consensus estimate of $315.69 million. During the same quarter in the prior year, the firm earned $0.75 EPS. The company’s revenue for the quarter was up 3.4% on a year-over-year basis.

A number of brokerages recently issued reports on RRGB. Stephens reiterated an “overweight” rating and issued a $75.00 target price on shares of Red Robin Gourmet Burgers in a research report on Friday, May 19th. BidaskClub lowered shares of Red Robin Gourmet Burgers from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Maxim Group increased their target price on shares of Red Robin Gourmet Burgers from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, May 11th. Raymond James Financial, Inc. reiterated a “strong-buy” rating and issued a $85.00 target price on shares of Red Robin Gourmet Burgers in a research report on Tuesday, July 25th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $62.00 target price on shares of Red Robin Gourmet Burgers in a research report on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. Red Robin Gourmet Burgers has an average rating of “Hold” and an average target price of $72.80.

Red Robin Gourmet Burgers (NASDAQ:RRGB) traded up 0.17% on Friday, hitting $58.55. 137,887 shares of the company traded hands. The stock’s 50-day moving average is $60.60 and its 200 day moving average is $59.31. The stock has a market cap of $756.88 million, a PE ratio of 90.78 and a beta of 0.62. Red Robin Gourmet Burgers has a 12 month low of $40.85 and a 12 month high of $74.11.

In other news, Director Robert Blaine Aiken, Jr. sold 2,946 shares of the firm’s stock in a transaction dated 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 owns 6,547 shares in the company, valued at approximately $470,074.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Guy J. Constant acquired 2,500 shares of Red Robin Gourmet Burgers stock in a transaction dated Monday, August 14th. The shares were acquired at an average price of $58.88 per share, with a total value of $147,200.00. The disclosure for this purchase can be found here. Company insiders own 2.66% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Red Robin Gourmet Burgers by 43,842.6% in the first quarter. BlackRock Inc. now owns 1,561,279 shares of the restaurant operator’s stock valued at $91,256,000 after buying an additional 1,557,726 shares during the period. Ameriprise Financial Inc. raised its position in Red Robin Gourmet Burgers by 772.5% in the first quarter. Ameriprise Financial Inc. now owns 770,351 shares of the restaurant operator’s stock valued at $45,027,000 after buying an additional 682,062 shares during the period. Daruma Capital Management LLC raised its position in Red Robin Gourmet Burgers by 225.6% in the second quarter. Daruma Capital Management LLC now owns 856,225 shares of the restaurant operator’s stock valued at $55,869,000 after buying an additional 593,278 shares during the period. Hood River Capital Management LLC acquired a new position in Red Robin Gourmet Burgers during the first quarter valued at $21,211,000. Finally, Dimensional Fund Advisors LP raised its position in Red Robin Gourmet Burgers by 29.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,084,203 shares of the restaurant operator’s stock valued at $63,371,000 after buying an additional 246,178 shares during the period.

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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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