Red Robin Gourmet Burgers, Inc. (RRGB) Expected to Announce Earnings of $0.55 Per Share

Equities research analysts expect Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to post earnings of $0.55 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Red Robin Gourmet Burgers’ earnings. The lowest EPS estimate is $0.52 and the highest is $0.60. Red Robin Gourmet Burgers posted earnings of $0.35 per share in the same quarter last year, which suggests a positive year over year growth rate of 57.1%. The firm 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 earnings of $2.26 per share for the current fiscal year, with EPS estimates ranging from $2.23 to $2.31. For the next financial year, analysts anticipate that the company will report earnings of $2.70 per share, with EPS estimates ranging from $2.51 to $2.89. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Red Robin Gourmet Burgers.

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

RRGB has been the subject of several research analyst reports. BidaskClub cut shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Zacks Investment Research cut shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Jefferies Group lowered their price target on shares of Red Robin Gourmet Burgers from $61.00 to $58.00 and set a “hold” rating for the company in a research report on Tuesday, November 7th. Finally, Maxim Group cut shares of Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and lowered their price target for the company from $75.00 to $60.00 in a research report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Red Robin Gourmet Burgers currently has a consensus rating of “Hold” and a consensus price target of $68.18.

Red Robin Gourmet Burgers (RRGB) traded up $0.55 during trading hours on Friday, hitting $52.60. 336,388 shares of the stock traded hands, compared to its average volume of 327,265. Red Robin Gourmet Burgers has a 12-month low of $45.20 and a 12-month high of $74.11. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.37 and a current ratio of 0.56. The stock has a market cap of $673.32, a PE ratio of 55.37, a price-to-earnings-growth ratio of 1.86 and a beta of 0.44.

In other Red Robin Gourmet Burgers news, COO Carin Stutz purchased 715 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was bought at an average cost of $49.15 per share, with a total value of $35,142.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.66% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. raised its holdings in Red Robin Gourmet Burgers by 1.3% in the second quarter. BlackRock Inc. now owns 1,581,338 shares of the restaurant operator’s stock worth $103,184,000 after buying an additional 20,059 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Red Robin Gourmet Burgers by 0.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,084,594 shares of the restaurant operator’s stock worth $72,667,000 after buying an additional 5,068 shares during the last quarter. Daruma Capital Management LLC raised its holdings 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 worth $55,869,000 after buying an additional 593,278 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Red Robin Gourmet Burgers by 5.8% in the third quarter. Ameriprise Financial Inc. now owns 803,475 shares of the restaurant operator’s stock worth $53,833,000 after buying an additional 43,870 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in Red Robin Gourmet Burgers by 5.5% in the second quarter. Vanguard Group Inc. now owns 704,965 shares of the restaurant operator’s stock worth $45,998,000 after buying an additional 36,847 shares during the last quarter.

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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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