Jefferies Group Comments on Red Robin Gourmet Burgers, Inc.’s Q1 2018 Earnings (RRGB)

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Equities researchers at Jefferies Group upped their Q1 2018 earnings estimates for Red Robin Gourmet Burgers in a research report issued on Friday, Zacks Investment Research reports. Jefferies Group analyst A. Slagle now expects that the restaurant operator will post earnings per share of $0.96 for the quarter, up from their prior estimate of $0.88. Jefferies Group currently has a “Buy” rating and a $63.00 price objective on the stock. Jefferies Group also issued estimates for Red Robin Gourmet Burgers’ Q2 2018 earnings at $0.63 EPS, Q3 2018 earnings at $0.35 EPS and Q4 2018 earnings at $0.57 EPS.

Several other brokerages also recently weighed in on RRGB. Canaccord Genuity restated a “buy” rating and set a $80.00 price objective on shares of Red Robin Gourmet Burgers in a research report on Sunday, October 1st. Zacks Investment Research upgraded shares of Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub raised shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating in a research report on Saturday, December 30th. Stifel Nicolaus started coverage on shares of Red Robin Gourmet Burgers in a research report on Monday, October 2nd. They set a “hold” rating and a $62.00 price target for the company. Finally, Maxim Group cut Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and cut their target price for the company from $75.00 to $60.00 in a research note on Tuesday, November 7th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Red Robin Gourmet Burgers presently has a consensus rating of “Buy” and an average target price of $69.45.

Shares of Red Robin Gourmet Burgers (RRGB) opened at $54.60 on Monday. 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 firm has a market cap of $705.86, a PE ratio of 56.88, a price-to-earnings-growth ratio of 1.98 and a beta of 0.56.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly 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 net margin of 0.94% and a return on equity of 7.32%. The firm had revenue of $304.20 million for the quarter, compared to analyst estimates of $308.44 million. During the same quarter in the prior year, the business posted $0.38 EPS. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year.

Several institutional investors and hedge funds have recently modified their holdings of RRGB. BlackRock Inc. increased 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 valued at $103,184,000 after purchasing an additional 20,059 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of 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 acquiring an additional 5,068 shares in the last quarter. Daruma Capital Management LLC increased its holdings in shares of 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 acquiring an additional 593,278 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of 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 acquiring an additional 43,870 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of 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 acquiring an additional 36,847 shares in the last quarter.

In related news, COO Carin Stutz purchased 715 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired at an average price of $49.15 per share, with a total value of $35,142.25. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.66% of the company’s stock.

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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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