$0.57 Earnings Per Share Expected for Red Robin Gourmet Burgers, Inc. (RRGB) This Quarter

Wall Street brokerages expect Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to report earnings of $0.57 per share for the current quarter, Zacks reports. Four analysts have issued estimates for Red Robin Gourmet Burgers’ earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.49. Red Robin Gourmet Burgers reported earnings of $1.27 per share in the same quarter last year, which indicates a negative year over year growth rate of 55.1%. The company is expected to announce its next quarterly earnings report on Tuesday, May 16th.

According to Zacks, analysts expect that Red Robin Gourmet Burgers will report full year earnings of $2.74 per share for the current fiscal year, with EPS estimates ranging from $2.65 to $2.80. For the next year, analysts forecast that the company will post earnings of $3.17 per share, with EPS estimates ranging from $2.91 to $3.30. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings results on Tuesday, February 21st. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $291.46 million for the quarter, compared to analysts’ expectations of $291.11 million. Red Robin Gourmet Burgers had a net margin of 2.49% and a return on equity of 11.87%. Red Robin Gourmet Burgers’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 earnings per share.

A number of analysts have commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $52.00 price objective on shares of Red Robin Gourmet Burgers in a research note on Tuesday, April 4th. Standpoint Research lowered shares of Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating in a research note on Tuesday, March 28th. Zacks Investment Research raised shares of Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research note on Wednesday, March 15th. Canaccord Genuity reaffirmed a “hold” rating and set a $52.00 price objective on shares of Red Robin Gourmet Burgers in a research note on Thursday, March 2nd. Finally, Stephens reaffirmed an “overweight” rating and set a $75.00 price objective on shares of Red Robin Gourmet Burgers in a research note on Wednesday, February 22nd. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Red Robin Gourmet Burgers has an average rating of “Hold” and an average target price of $61.14.

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Shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) traded up 0.17% on Tuesday, reaching $58.85. 260,205 shares of the company’s stock were exchanged. The company has a market capitalization of $756.63 million, a P/E ratio of 67.64 and a beta of 0.85. Red Robin Gourmet Burgers has a 12 month low of $40.85 and a 12 month high of $67.05. The firm’s 50 day moving average price is $53.28 and its 200-day moving average price is $50.44.

In other news, CFO Guy J. Constant acquired 5,000 shares of Red Robin Gourmet Burgers stock in a transaction on Friday, February 24th. The stock was bought at an average cost of $47.30 per share, with a total value of $236,500.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.66% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of RRGB. Rothschild Asset Management Inc. increased its position in shares of Red Robin Gourmet Burgers by 3.6% in the third quarter. Rothschild Asset Management Inc. now owns 194,142 shares of the company’s stock worth $8,725,000 after buying an additional 6,672 shares in the last quarter. Peregrine Capital Management LLC acquired a new position in shares of Red Robin Gourmet Burgers during the third quarter worth $8,413,000. Wells Fargo & Company MN increased its position in shares of Red Robin Gourmet Burgers by 5.2% in the third quarter. Wells Fargo & Company MN now owns 18,723 shares of the company’s stock worth $842,000 after buying an additional 921 shares in the last quarter. State of Wisconsin Investment Board increased its position in shares of Red Robin Gourmet Burgers by 11.6% in the third quarter. State of Wisconsin Investment Board now owns 288,632 shares of the company’s stock worth $12,971,000 after buying an additional 30,000 shares in the last quarter. Finally, Nordea Investment Management AB acquired a new position in shares of Red Robin Gourmet Burgers during the third quarter worth $14,021,000.

About Red Robin Gourmet Burgers

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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