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

Equities analysts expect Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to post earnings of $0.48 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Red Robin Gourmet Burgers’ earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.73. Red Robin Gourmet Burgers reported earnings per share of $0.69 in the same quarter last year, which indicates a negative year over year growth rate of 30.4%. The company is expected to announce its next 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 fiscal year, analysts forecast that the business will report earnings of $1.37 per share, with EPS estimates ranging from $1.00 to $1.77. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its earnings results on Tuesday, February 26th. The restaurant operator reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $306.78 million during the quarter, compared to analysts’ expectations of $308.03 million. During the same period in the prior year, the business earned $0.78 EPS. Red Robin Gourmet Burgers’s revenue for the quarter was down 10.8% compared to the same quarter last year.

A number of analysts recently issued reports on RRGB shares. ValuEngine cut Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Maxim Group reissued a “buy” rating on shares of Red Robin Gourmet Burgers in a research note on Thursday, January 3rd. BidaskClub raised Red Robin Gourmet Burgers from a “strong sell” rating to a “sell” rating in a research note on Saturday, January 5th. Zacks Investment Research raised Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. Finally, Morgan Stanley lowered their target price on Red Robin Gourmet Burgers from $35.00 to $33.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 27th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company. Red Robin Gourmet Burgers currently has an average rating of “Hold” and a consensus target price of $40.80.

NASDAQ RRGB opened at $30.38 on Monday. Red Robin Gourmet Burgers has a 52-week low of $25.27 and a 52-week high of $67.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.58 and a quick ratio of 0.42. The company has a market cap of $392.03 million, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 2.55 and a beta of 0.85.

Institutional investors and hedge funds have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY grew its stake in shares of Red Robin Gourmet Burgers by 461.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,731 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 3,888 shares in the last quarter. Oregon Public Employees Retirement Fund bought a new position in shares of Red Robin Gourmet Burgers during the 4th quarter worth approximately $132,000. Pacer Advisors Inc. grew its stake in shares of Red Robin Gourmet Burgers by 215.1% during the 3rd quarter. Pacer Advisors Inc. now owns 3,633 shares of the restaurant operator’s stock worth $146,000 after acquiring an additional 2,480 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of Red Robin Gourmet Burgers during the 4th quarter worth approximately $175,000. Finally, Texas Permanent School Fund grew its stake in shares of Red Robin Gourmet Burgers by 3.9% during the 4th quarter. Texas Permanent School Fund now owns 8,493 shares of the restaurant operator’s stock worth $227,000 after acquiring an additional 315 shares in the last quarter.

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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