Q1 2018 EPS Estimates for Red Robin Gourmet Burgers, Inc. (RRGB) Increased by Analyst

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Stock analysts at Jefferies Group lifted their Q1 2018 earnings per share estimates for Red Robin Gourmet Burgers in a research note issued to investors on Friday. Jefferies Group analyst A. Slagle now expects that the restaurant operator will earn $0.96 per share for the quarter, up from their prior forecast of $0.88. Jefferies Group currently has a “Buy” rating and a $63.00 target price on the stock. Jefferies Group also issued estimates for Red Robin Gourmet Burgers’ Q2 2018 earnings at $0.63 EPS, Q3 2018 earnings at $0.35 EPS and Q4 2018 earnings at $0.57 EPS.

Other research analysts also recently issued research reports about the stock. Canaccord Genuity restated a “buy” rating and set a $80.00 price objective on shares of Red Robin Gourmet Burgers in a report on Sunday, October 1st. Raymond James Financial lowered shares of Red Robin Gourmet Burgers from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $77.50 to $65.00 in a research report on Tuesday, November 7th. Maxim Group lowered shares of Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and lowered their price target for the stock from $75.00 to $60.00 in a research report on Tuesday, November 7th. BTIG Research lowered their price target on shares of Red Robin Gourmet Burgers from $70.00 to $63.00 and set a “buy” rating on the stock in a research report on Tuesday, November 7th. Finally, Zacks Investment Research lowered shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. Red Robin Gourmet Burgers currently has a consensus rating of “Hold” and a consensus price target of $69.45.

Red Robin Gourmet Burgers (RRGB) traded up $0.60 during trading hours on Monday, hitting $54.70. 120,434 shares of the stock traded hands, compared to its average volume of 376,942. Red Robin Gourmet Burgers has a one year low of $45.20 and a one year high of $74.11. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.37 and a current ratio of 0.56. The company has a market cap of $707.15, a P/E ratio of 56.98, a price-to-earnings-growth ratio of 2.36 and a beta of 0.55.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings results on Monday, November 6th. The restaurant operator reported $0.21 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.09). Red Robin Gourmet Burgers had a net margin of 0.94% and a return on equity of 7.32%. The firm had revenue of $304.20 million during the quarter, compared to analyst estimates of $308.44 million. During the same quarter in the previous year, the business posted $0.38 EPS. Red Robin Gourmet Burgers’s revenue for the quarter was up 2.3% compared to the same quarter last year.

In other Red Robin Gourmet Burgers news, COO Carin Stutz bought 715 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired at an average cost of $49.15 per share, for a total transaction of $35,142.25. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 2.66% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its stake in Red Robin Gourmet Burgers by 6.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,871 shares of the restaurant operator’s stock worth $122,000 after acquiring an additional 112 shares during the last quarter. Daiwa Securities Group Inc. acquired a new stake in shares of Red Robin Gourmet Burgers during the third quarter worth about $147,000. Advisor Group Inc. acquired a new stake in shares of Red Robin Gourmet Burgers during the second quarter worth about $163,000. Seven Eight Capital LP acquired a new stake in shares of Red Robin Gourmet Burgers during the second quarter worth about $163,000. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Red Robin Gourmet Burgers by 3.8% during the second quarter. Municipal Employees Retirement System of Michigan now owns 3,040 shares of the restaurant operator’s stock worth $198,000 after purchasing an additional 110 shares in the last quarter.

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Red Robin Gourmet Burgers Company Profile

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.

Earnings History and Estimates for Red Robin Gourmet Burgers (NASDAQ:RRGB)

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