Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Expected to Post Earnings of -$0.68 Per Share

Equities analysts expect that Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGBGet Rating) will report earnings per share (EPS) of ($0.68) for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Red Robin Gourmet Burgers’ earnings, with the lowest EPS estimate coming in at ($0.70) and the highest estimate coming in at ($0.65). Red Robin Gourmet Burgers reported earnings per share of ($0.30) during the same quarter last year, which would suggest a negative year-over-year growth rate of 126.7%. The company is scheduled to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Red Robin Gourmet Burgers will report full year earnings of ($0.82) per share for the current fiscal year, with EPS estimates ranging from ($0.99) to ($0.64). For the next year, analysts expect that the business will post earnings of $0.55 per share, with EPS estimates ranging from $0.38 to $0.72. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers (NASDAQ:RRGBGet Rating) last announced its earnings results on Thursday, March 10th. The restaurant operator reported ($1.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.57) by ($0.46). Red Robin Gourmet Burgers had a negative net margin of 4.30% and a negative return on equity of 38.63%. The business had revenue of $283.38 million for the quarter, compared to the consensus estimate of $287.51 million. During the same period in the prior year, the business posted ($1.79) EPS. Red Robin Gourmet Burgers’s revenue for the quarter was up 41.0% on a year-over-year basis.

Several brokerages have recently weighed in on RRGB. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating and set a $18.00 price target for the company in a report on Tuesday, January 11th. Raymond James lowered their price objective on Red Robin Gourmet Burgers from $30.00 to $25.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 26th. Finally, StockNews.com began coverage on Red Robin Gourmet Burgers in a report on Thursday, March 31st. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Red Robin Gourmet Burgers has an average rating of “Hold” and a consensus target price of $27.29.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC increased its position in Red Robin Gourmet Burgers by 31.8% during the fourth quarter. Barclays PLC now owns 27,910 shares of the restaurant operator’s stock valued at $461,000 after acquiring an additional 6,729 shares during the last quarter. BlackRock Inc. increased its position in Red Robin Gourmet Burgers by 3.2% during the fourth quarter. BlackRock Inc. now owns 2,428,630 shares of the restaurant operator’s stock valued at $40,144,000 after acquiring an additional 74,480 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in Red Robin Gourmet Burgers during the fourth quarter valued at $248,000. Goldman Sachs Group Inc. increased its position in Red Robin Gourmet Burgers by 24.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 69,139 shares of the restaurant operator’s stock valued at $1,143,000 after acquiring an additional 13,702 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in Red Robin Gourmet Burgers by 94.8% during the fourth quarter. Parametric Portfolio Associates LLC now owns 73,500 shares of the restaurant operator’s stock valued at $1,215,000 after acquiring an additional 35,763 shares during the last quarter. 95.24% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:RRGB traded up $0.60 on Wednesday, hitting $14.96. 243,426 shares of the company traded hands, compared to its average volume of 354,017. Red Robin Gourmet Burgers has a 52 week low of $12.35 and a 52 week high of $38.96. The company has a quick ratio of 0.34, a current ratio of 0.46 and a debt-to-equity ratio of 2.17. The stock has a 50 day simple moving average of $16.22 and a 200-day simple moving average of $17.68. The company has a market cap of $236.14 million, a PE ratio of -4.69 and a beta of 2.63.

Red Robin Gourmet Burgers Company Profile (Get Rating)

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants. The company's restaurants primarily offer burgers and shareable pizzas; various appetizers, salads, soups, sandwiches, seafood, and other entrees; and desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

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