Equities analysts expect Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to post sales of $304.62 million for the current quarter, according to Zacks. Four analysts have issued estimates for Red Robin Gourmet Burgers’ earnings. The lowest sales estimate is $303.52 million and the highest is $306.06 million. Red Robin Gourmet Burgers posted sales of $304.25 million during the same quarter last year, which suggests a positive year-over-year growth rate of 0.1%. The business is expected to announce its next earnings results on Monday, November 5th.
On average, analysts expect that Red Robin Gourmet Burgers will report full-year sales of $1.35 billion for the current fiscal year, with estimates ranging from $1.35 billion to $1.36 billion. For the next year, analysts forecast that the firm will report sales of $1.35 billion per share, with estimates ranging from $1.35 billion to $1.36 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Red Robin Gourmet Burgers.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings results on Tuesday, August 21st. The restaurant operator reported $0.46 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.46. The firm had revenue of $315.39 million during the quarter, compared to the consensus estimate of $317.38 million. Red Robin Gourmet Burgers had a return on equity of 7.20% and a net margin of 1.01%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the company posted $0.61 EPS.
A number of brokerages have recently issued reports on RRGB. BidaskClub downgraded Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Thursday. Morgan Stanley decreased their price objective on Red Robin Gourmet Burgers from $47.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, August 24th. Canaccord Genuity reissued a “hold” rating and set a $42.00 price objective on shares of Red Robin Gourmet Burgers in a report on Wednesday, August 22nd. Stephens decreased their price objective on Red Robin Gourmet Burgers from $75.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, August 22nd. Finally, Zacks Investment Research cut Red Robin Gourmet Burgers from a “hold” rating to a “strong sell” rating in a report on Monday, August 6th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $53.73.
Shares of RRGB opened at $38.20 on Monday. The stock has a market cap of $488.67 million, a PE ratio of 15.34, a price-to-earnings-growth ratio of 2.04 and a beta of 0.31. The company has a quick ratio of 0.35, a current ratio of 0.55 and a debt-to-equity ratio of 0.59. Red Robin Gourmet Burgers has a 12-month low of $36.20 and a 12-month high of $70.10.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Piedmont Investment Advisors LLC purchased a new position in Red Robin Gourmet Burgers in the 2nd quarter worth approximately $141,000. Victory Capital Management Inc. purchased a new position in Red Robin Gourmet Burgers in the 1st quarter worth approximately $152,000. Winslow Evans & Crocker Inc. increased its stake in Red Robin Gourmet Burgers by 75.0% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 3,500 shares of the restaurant operator’s stock worth $164,000 after purchasing an additional 1,500 shares during the period. Cubist Systematic Strategies LLC purchased a new position in Red Robin Gourmet Burgers in the 2nd quarter worth approximately $207,000. Finally, SG Americas Securities LLC purchased a new position in Red Robin Gourmet Burgers in the 2nd quarter worth approximately $220,000.
Red Robin Gourmet Burgers 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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