Wall Street brokerages predict that Red Robin (NASDAQ:RRGB) will post $428.91 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Red Robin’s earnings, with the lowest sales estimate coming in at $425.08 million and the highest estimate coming in at $432.72 million. Red Robin posted sales of $418.56 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.5%. The business is expected to announce its next quarterly earnings report on Tuesday, May 15th.
According to Zacks, analysts expect that Red Robin will report full year sales of $1.38 billion for the current year, with estimates ranging from $1.37 billion to $1.39 billion. For the next fiscal year, analysts expect that the company will report sales of $1.40 billion per share, with estimates ranging from $1.39 billion to $1.41 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Red Robin.
Red Robin (NASDAQ:RRGB) last posted its quarterly earnings results on Thursday, February 22nd. The restaurant operator reported $0.78 EPS for the quarter, beating the consensus estimate of $0.54 by $0.24. The firm had revenue of $342.35 million during the quarter, compared to analysts’ expectations of $330.51 million. Red Robin had a return on equity of 8.63% and a net margin of 2.17%. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 EPS.
A number of equities research analysts have recently weighed in on RRGB shares. BidaskClub downgraded shares of Red Robin from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Zacks Investment Research upgraded shares of Red Robin from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Jefferies Group upgraded shares of Red Robin from a “hold” rating to a “buy” rating and boosted their price objective for the company from $58.00 to $63.00 in a research report on Saturday, December 30th. Finally, Morgan Stanley restated an “equal weight” rating and set a $56.00 price objective (down from $57.00) on shares of Red Robin in a research report on Monday, February 26th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $66.73.
Red Robin stock traded up $1.35 during mid-day trading on Friday, hitting $63.80. 114,673 shares of the company’s stock were exchanged, compared to its average volume of 308,637. Red Robin has a fifty-two week low of $45.70 and a fifty-two week high of $74.11. The company has a market capitalization of $789.32, a PE ratio of 25.08, a PEG ratio of 2.37 and a beta of 0.31. The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 0.71.
In other Red Robin news, Director Pattye L. Moore sold 1,500 shares of the business’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $57.98, for a total transaction of $86,970.00. Following the sale, the director now owns 3,047 shares of the company’s stock, valued at $176,665.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard J. Howell sold 3,416 shares of the business’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $62.79, for a total transaction of $214,490.64. The disclosure for this sale can be found here. Insiders own 2.66% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC bought a new stake in shares of Red Robin in the fourth quarter worth $331,000. Teachers Advisors LLC boosted its position in Red Robin by 859.8% during the fourth quarter. Teachers Advisors LLC now owns 224,657 shares of the restaurant operator’s stock valued at $12,671,000 after acquiring an additional 201,251 shares during the last quarter. Stone Ridge Asset Management LLC bought a new stake in Red Robin during the fourth quarter valued at $229,000. Deutsche Bank AG boosted its position in Red Robin by 52.2% during the fourth quarter. Deutsche Bank AG now owns 28,698 shares of the restaurant operator’s stock valued at $1,617,000 after acquiring an additional 9,839 shares during the last quarter. Finally, AMP Capital Investors Ltd bought a new stake in Red Robin during the fourth quarter valued at $287,000.
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Red Robin Company Profile
Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants in the United States and Canada. As of December 31, 2017, it operated 480 company-owned restaurants located in 39 states and 2 Canadian provinces; and had 86 casual-dining restaurants operated by franchisees in 15 states.
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