Red Robin Gourmet Burgers, Inc. (RRGB) to Release Quarterly Earnings on Tuesday
Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.30 per share for the quarter. Red Robin Gourmet Burgers has set its Q3 guidance at $0.20-$0.30 EPS.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings results on Tuesday, August 8th. The restaurant operator reported $0.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.10. Red Robin Gourmet Burgers had a return on equity of 8.00% and a net margin of 0.64%. The firm had revenue of $315.80 million during the quarter, compared to analyst estimates of $315.69 million. During the same quarter in the previous year, the business earned $0.75 EPS. Red Robin Gourmet Burgers’s revenue for the quarter was up 3.4% compared to the same quarter last year. On average, analysts expect Red Robin Gourmet Burgers to post $2.78 EPS for the current fiscal year and $3.28 EPS for the next fiscal year.
Shares of Red Robin Gourmet Burgers, Inc. (RRGB) traded up 1.43% during trading on Tuesday, hitting $67.30. The company had a trading volume of 10,924 shares. Red Robin Gourmet Burgers, Inc. has a 52-week low of $40.85 and a 52-week high of $74.11. The firm has a market capitalization of $869.99 million, a P/E ratio of 104.34 and a beta of 0.65. The stock’s 50-day moving average is $63.34 and its 200 day moving average is $62.69.
In related news, CFO Guy J. Constant purchased 2,500 shares of Red Robin Gourmet Burgers stock in a transaction dated Monday, August 14th. The stock was bought at an average cost of $58.88 per share, for a total transaction of $147,200.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.66% of the stock is currently owned by company insiders.
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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