$0.38 EPS Expected for Red Robin Gourmet Burgers, Inc. (RRGB) This Quarter

Wall Street brokerages expect that Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) will post earnings per share (EPS) of $0.38 for the current quarter, according to Zacks. Four analysts have provided estimates for Red Robin Gourmet Burgers’ earnings. The lowest EPS estimate is $0.29 and the highest is $0.49. Red Robin Gourmet Burgers posted earnings of $0.78 per share in the same quarter last year, which would suggest a negative year over year growth rate of 51.3%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 28th.

On average, analysts expect that Red Robin Gourmet Burgers will report full-year earnings of $1.72 per share for the current financial year, with EPS estimates ranging from $1.60 to $1.95. For the next year, analysts expect that the company will report earnings of $1.86 per share, with EPS estimates ranging from $1.52 to $2.30. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its earnings results on Tuesday, November 6th. The restaurant operator reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.04. The business had revenue of $294.90 million for the quarter, compared to analysts’ expectations of $304.11 million. Red Robin Gourmet Burgers had a return on equity of 6.96% and a net margin of 0.95%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the firm posted $0.21 earnings per share.

A number of research analysts have recently weighed in on the company. BidaskClub raised Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research report on Thursday, November 22nd. ValuEngine raised Red Robin Gourmet Burgers from a “strong sell” rating to a “sell” rating in a research report on Saturday, November 10th. Wells Fargo & Co lowered their price objective on Red Robin Gourmet Burgers from $43.00 to $36.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 7th. Stephens reaffirmed an “overweight” rating on shares of Red Robin Gourmet Burgers in a research report on Wednesday, November 7th. Finally, Maxim Group lowered their price objective on Red Robin Gourmet Burgers from $54.00 to $46.00 and set a “buy” rating on the stock in a research report on Friday, November 2nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $48.67.

Shares of RRGB stock traded down $1.03 during trading hours on Wednesday, reaching $33.37. 185,359 shares of the company traded hands, compared to its average volume of 237,727. Red Robin Gourmet Burgers has a 12-month low of $30.02 and a 12-month high of $67.10. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 0.58. The stock has a market cap of $450.21 million, a P/E ratio of 13.40, a PEG ratio of 2.11 and a beta of 0.59.

A number of institutional investors and hedge funds have recently modified their holdings of RRGB. Voya Investment Management LLC raised its stake in Red Robin Gourmet Burgers by 94.2% during the 2nd quarter. Voya Investment Management LLC now owns 398,125 shares of the restaurant operator’s stock valued at $18,553,000 after purchasing an additional 193,143 shares during the period. BlackRock Inc. raised its stake in Red Robin Gourmet Burgers by 7.8% during the 2nd quarter. BlackRock Inc. now owns 1,769,762 shares of the restaurant operator’s stock valued at $82,473,000 after purchasing an additional 128,501 shares during the period. American Century Companies Inc. raised its stake in Red Robin Gourmet Burgers by 47.7% during the 2nd quarter. American Century Companies Inc. now owns 385,010 shares of the restaurant operator’s stock valued at $17,941,000 after purchasing an additional 124,351 shares during the period. Foundry Partners LLC bought a new stake in Red Robin Gourmet Burgers during the 3rd quarter valued at approximately $4,794,000. Finally, Renaissance Technologies LLC bought a new stake in Red Robin Gourmet Burgers during the 3rd quarter valued at approximately $4,475,000.

About Red Robin Gourmet Burgers

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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