Zacks: Analysts Anticipate Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Will Announce Quarterly Sales of $379.22 Million

Equities analysts forecast that Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGBGet Rating) will announce $379.22 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Red Robin Gourmet Burgers’ earnings, with the lowest sales estimate coming in at $378.77 million and the highest estimate coming in at $379.66 million. Red Robin Gourmet Burgers posted sales of $326.28 million during the same quarter last year, which would indicate a positive year over year growth rate of 16.2%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, 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 fiscal year, analysts expect that the company will report sales of $1.33 billion, with estimates ranging from $1.31 billion to $1.34 billion. Zacks’ sales 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 released its quarterly earnings data on Thursday, March 10th. The restaurant operator reported ($1.03) earnings per share (EPS) for the quarter, missing the 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 company had revenue of $283.38 million for the quarter, compared to the consensus estimate of $287.51 million. During the same quarter in the previous year, the business earned ($1.79) EPS. The company’s quarterly revenue was up 41.0% on a year-over-year basis.

A number of research analysts have recently weighed in on RRGB shares. Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating and set a $18.00 price objective for the company in a research report on Tuesday, January 11th. Raymond James cut Red Robin Gourmet Burgers from an “outperform” rating to a “market perform” rating in a report on Monday, April 18th. Finally, StockNews.com initiated coverage on Red Robin Gourmet Burgers in a report on Thursday, March 31st. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Red Robin Gourmet Burgers has a consensus rating of “Hold” and a consensus price target of $27.29.

Several institutional investors and hedge funds have recently added to or reduced their stakes in RRGB. BlackRock Inc. boosted its stake in shares of 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 purchasing an additional 74,480 shares during the period. American Century Companies Inc. boosted its position in Red Robin Gourmet Burgers by 2.6% in the 4th quarter. American Century Companies Inc. now owns 1,903,680 shares of the restaurant operator’s stock valued at $31,468,000 after buying an additional 47,878 shares during the period. Soviero Asset Management LP grew its stake in Red Robin Gourmet Burgers by 8.8% in the 4th quarter. Soviero Asset Management LP now owns 753,934 shares of the restaurant operator’s stock worth $12,463,000 after acquiring an additional 60,785 shares in the last quarter. Cooper Creek Partners Management LLC increased its position in shares of Red Robin Gourmet Burgers by 109.3% during the fourth quarter. Cooper Creek Partners Management LLC now owns 671,995 shares of the restaurant operator’s stock worth $11,108,000 after acquiring an additional 350,958 shares during the period. Finally, State Street Corp raised its stake in shares of Red Robin Gourmet Burgers by 1.5% during the fourth quarter. State Street Corp now owns 520,520 shares of the restaurant operator’s stock valued at $8,604,000 after acquiring an additional 7,668 shares in the last quarter. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ RRGB opened at $10.92 on Friday. The company has a market cap of $172.37 million, a P/E ratio of -3.42 and a beta of 2.60. Red Robin Gourmet Burgers has a 52-week low of $10.84 and a 52-week high of $38.96. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.34 and a current ratio of 0.46. The firm’s fifty day moving average is $15.32 and its two-hundred day moving average is $16.68.

About Red Robin Gourmet Burgers (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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