Red Robin Gourmet Burgers (RRGB) Set to Announce Earnings on Thursday

Red Robin Gourmet Burgers (NASDAQ:RRGB – Get Rating) will be issuing its quarterly earnings data after the market closes on Thursday, May 26th. Analysts expect the company to announce earnings of ($0.68) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Red Robin Gourmet Burgers (NASDAQ:RRGB – Get Rating) last posted its quarterly earnings data on Thursday, March 10th. The restaurant operator reported ($1.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.46). The business had revenue of $283.38 million during the quarter, compared to analyst estimates of $287.51 million. Red Robin Gourmet Burgers had a negative net margin of 4.30% and a negative return on equity of 38.63%. The company’s revenue for the quarter was up 41.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.79) earnings per share. On average, analysts expect Red Robin Gourmet Burgers to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ RRGB opened at $8.42 on Thursday. 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 has a market cap of $132.91 million, a PE ratio of -2.64 and a beta of 2.60. Red Robin Gourmet Burgers has a one year low of $8.28 and a one year high of $38.96. The firm’s fifty day moving average is $14.26 and its two-hundred day moving average is $15.98.

A number of research analysts have commented on the stock. StockNews.com assumed coverage on shares of Red Robin Gourmet Burgers in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Raymond James lowered shares of Red Robin Gourmet Burgers from an “outperform” rating to a “market perform” rating in a research note on Monday, April 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, Red Robin Gourmet Burgers currently has a consensus rating of “Hold” and an average price target of $27.29.

Several institutional investors have recently modified their holdings of RRGB. Graham Capital Management L.P. purchased a new stake in Red Robin Gourmet Burgers during the first quarter worth about $308,000. Quantbot Technologies LP boosted its holdings in Red Robin Gourmet Burgers by 128.7% during the first quarter. Quantbot Technologies LP now owns 16,112 shares of the restaurant operator’s stock worth $271,000 after buying an additional 9,066 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Red Robin Gourmet Burgers by 120.6% during the first quarter. BNP Paribas Arbitrage SA now owns 15,925 shares of the restaurant operator’s stock worth $268,000 after buying an additional 8,707 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in Red Robin Gourmet Burgers during the fourth quarter worth about $256,000. Finally, NewEdge Advisors LLC purchased a new stake in Red Robin Gourmet Burgers during the fourth quarter worth about $248,000. Institutional investors and hedge funds own 96.29% of the company’s stock.

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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