Analysts predict that Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) will post sales of $330.97 million for the current quarter, according to Zacks. Four analysts have issued estimates for Red Robin Gourmet Burgers’ earnings, with estimates ranging from $329.85 million to $331.97 million. Red Robin Gourmet Burgers reported sales of $291.46 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.6%. The company is expected to announce its next earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that Red Robin Gourmet Burgers will report full-year sales of $330.97 million for the current year. For the next fiscal year, analysts anticipate that the company will report sales of $1.38 billion per share, with estimates ranging from $1.36 billion to $1.40 billion. Zacks’ sales calculations are an average based on a survey of analysts that follow Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings results on Monday, November 6th. The restaurant operator reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.09). The business had revenue of $304.20 million for the quarter, compared to analyst estimates of $308.44 million. Red Robin Gourmet Burgers had a net margin of 0.94% and a return on equity of 7.32%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 earnings per share.

Several equities research analysts have recently commented on the company. BidaskClub cut Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Zacks Investment Research raised Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Jefferies Group raised Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and lifted their target price for the company from $58.00 to $63.00 in a research note on Saturday, December 30th. Raymond James Financial cut Red Robin Gourmet Burgers from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $77.50 to $65.00 in a research note on Tuesday, November 7th. Finally, Stifel Nicolaus lowered their target price on Red Robin Gourmet Burgers from $62.00 to $58.00 and set a “hold” rating for the company in a research note on Tuesday, November 7th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $69.45.

In other Red Robin Gourmet Burgers news, COO Carin Stutz bought 715 shares of Red Robin Gourmet Burgers stock in a transaction on Tuesday, November 14th. The shares were purchased at an average cost of $49.15 per share, for a total transaction of $35,142.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.66% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. raised its stake in shares of Red Robin Gourmet Burgers by 67.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 181,647 shares of the restaurant operator’s stock valued at $10,245,000 after purchasing an additional 73,456 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Red Robin Gourmet Burgers in the 3rd quarter valued at about $650,000. Colony Group LLC acquired a new stake in shares of Red Robin Gourmet Burgers in the 3rd quarter valued at about $1,574,000. California Public Employees Retirement System raised its stake in shares of Red Robin Gourmet Burgers by 11.4% in the 3rd quarter. California Public Employees Retirement System now owns 30,409 shares of the restaurant operator’s stock valued at $2,037,000 after purchasing an additional 3,109 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in shares of Red Robin Gourmet Burgers by 18.3% in the 3rd quarter. Janney Montgomery Scott LLC now owns 8,340 shares of the restaurant operator’s stock valued at $559,000 after purchasing an additional 1,289 shares during the period.

Shares of Red Robin Gourmet Burgers (RRGB) opened at $52.50 on Friday. The company has a market capitalization of $678.71, a price-to-earnings ratio of 54.69, a PEG ratio of 1.94 and a beta of 0.56. Red Robin Gourmet Burgers has a 52 week low of $45.20 and a 52 week high of $74.11. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.56 and a quick ratio of 0.37.

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Red Robin Gourmet Burgers Company Profile

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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