$379.22 Million in Sales Expected for Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) This Quarter

Analysts expect that Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB – Get Rating) will report $379.22 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Red Robin Gourmet Burgers’ earnings, with the highest sales estimate coming in at $379.66 million and the lowest estimate coming in at $378.77 million. Red Robin Gourmet Burgers reported sales of $326.28 million in the same quarter last year, which indicates a positive year over year growth rate of 16.2%. The company is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Red Robin Gourmet Burgers will report full-year sales of $1.28 billion for the current financial year, with estimates ranging from $1.27 billion to $1.28 billion. For the next year, analysts expect that the firm will post sales of $1.33 billion, with estimates ranging from $1.31 billion to $1.34 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Red Robin Gourmet Burgers.

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

RRGB has been the topic of several analyst reports. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating and set a $18.00 price objective on the stock in a report on Tuesday, January 11th. Raymond James decreased their price objective on Red Robin Gourmet Burgers from $30.00 to $25.00 and set an “outperform” rating on the stock in a report on Wednesday, January 26th. Finally, StockNews.com initiated coverage on Red Robin Gourmet Burgers in a report on Thursday, March 31st. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $27.29.

Shares of RRGB stock opened at $14.79 on Friday. The firm has a market cap of $233.46 million, a P/E ratio of -4.64 and a beta of 2.63. The business has a 50-day moving average price of $16.24 and a two-hundred day moving average price of $17.59. The company has a quick ratio of 0.34, a current ratio of 0.46 and a debt-to-equity ratio of 2.17. Red Robin Gourmet Burgers has a 12-month low of $12.35 and a 12-month high of $38.96.

A number of large investors have recently made changes to their positions in RRGB. Cooper Creek Partners Management LLC increased its holdings in Red Robin Gourmet Burgers by 109.3% during the 4th quarter. Cooper Creek Partners Management LLC now owns 671,995 shares of the restaurant operator’s stock valued at $11,108,000 after purchasing an additional 350,958 shares during the period. Morgan Stanley boosted its position in Red Robin Gourmet Burgers by 150.5% during the 2nd quarter. Morgan Stanley now owns 378,084 shares of the restaurant operator’s stock valued at $12,518,000 after acquiring an additional 227,172 shares in the last quarter. Marshall Wace LLP boosted its position in Red Robin Gourmet Burgers by 1,816.8% during the 4th quarter. Marshall Wace LLP now owns 183,078 shares of the restaurant operator’s stock valued at $3,026,000 after acquiring an additional 173,527 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Red Robin Gourmet Burgers during the 3rd quarter valued at approximately $3,643,000. Finally, Two Sigma Advisers LP bought a new stake in Red Robin Gourmet Burgers during the 3rd quarter valued at approximately $3,146,000. Institutional investors own 95.24% of the company’s stock.

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.

Read More