Red Robin Gourmet Burgers, Inc. (RRGB) Expected to Post Earnings of $0.48 Per Share

Equities research analysts predict that Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) will report earnings per share of $0.48 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Red Robin Gourmet Burgers’ earnings, with the highest EPS estimate coming in at $0.73 and the lowest estimate coming in at $0.31. Red Robin Gourmet Burgers posted earnings per share of $0.69 in the same quarter last year, which suggests a negative year over year growth rate of 30.4%. The company is expected to announce its next quarterly earnings report on Tuesday, May 28th.

According to Zacks, analysts expect that Red Robin Gourmet Burgers will report full-year earnings of $1.23 per share for the current fiscal year, with EPS estimates ranging from $1.05 to $1.38. For the next year, analysts expect that the company will report earnings of $1.37 per share, with EPS estimates ranging from $1.00 to $1.77. Zacks Investment Research’s 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, February 26th. The restaurant operator reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.05. Red Robin Gourmet Burgers had a positive return on equity of 5.77% and a negative net margin of 0.48%. The firm had revenue of $306.78 million during the quarter, compared to analyst estimates of $308.03 million. During the same period last year, the firm posted $0.78 EPS. The business’s revenue was down 10.8% compared to the same quarter last year.

Several equities research analysts have recently issued reports on RRGB shares. Maxim Group reaffirmed a “hold” rating and set a $25.00 target price (down from $29.00) on shares of Red Robin Gourmet Burgers in a research report on Thursday, April 4th. Raymond James reaffirmed a “hold” rating on shares of Red Robin Gourmet Burgers in a research report on Thursday, April 4th. Morgan Stanley decreased their price objective on Red Robin Gourmet Burgers from $35.00 to $33.00 and set an “equal weight” rating for the company in a report on Wednesday, February 27th. ValuEngine lowered Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a report on Wednesday, January 30th. Finally, Bank of America lowered Red Robin Gourmet Burgers from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.80.

A number of institutional investors and hedge funds have recently made changes to their positions in RRGB. BNP Paribas Arbitrage SA increased its holdings in Red Robin Gourmet Burgers by 43,766.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 452,705 shares of the restaurant operator’s stock worth $13,042,000 after acquiring an additional 451,673 shares during the last quarter. Millennium Management LLC boosted its stake in Red Robin Gourmet Burgers by 95.0% in the 4th quarter. Millennium Management LLC now owns 354,946 shares of the restaurant operator’s stock worth $9,484,000 after purchasing an additional 172,969 shares during the period. Dean Investment Associates LLC bought a new position in Red Robin Gourmet Burgers in the 1st quarter worth about $4,273,000. Prudential Financial Inc. boosted its stake in Red Robin Gourmet Burgers by 219.0% in the 4th quarter. Prudential Financial Inc. now owns 177,095 shares of the restaurant operator’s stock worth $4,732,000 after purchasing an additional 121,578 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in Red Robin Gourmet Burgers in the 4th quarter worth about $3,132,000.

Shares of Red Robin Gourmet Burgers stock traded down $0.45 during trading hours on Wednesday, hitting $33.09. 206,500 shares of the company’s stock traded hands, compared to its average volume of 271,109. Red Robin Gourmet Burgers has a 12-month low of $25.27 and a 12-month high of $65.10. The firm has a market cap of $430.54 million, a PE ratio of 19.13, a P/E/G ratio of 2.80 and a beta of 0.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.58 and a quick ratio of 0.42.

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. The company's restaurants primarily offer burgers; various appetizers, salads, soups, seafood, and other entrees; and desserts, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

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