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

Wall Street brokerages predict that Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGBGet Rating) will announce earnings of ($0.68) per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Red Robin Gourmet Burgers’ earnings, with estimates ranging from ($0.70) to ($0.65). Red Robin Gourmet Burgers posted earnings of ($0.30) per share in the same quarter last year, which would suggest a negative year over year growth rate of 126.7%. The business is scheduled to issue its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Red Robin Gourmet Burgers will report full-year earnings of ($0.82) per share for the current financial year, with EPS estimates ranging from ($0.99) to ($0.64). For the next financial year, analysts anticipate 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 EPS averages are a mean average based on a survey of research analysts that cover 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 for the quarter, missing analysts’ consensus estimates of ($0.57) by ($0.46). The firm had revenue of $283.38 million for the quarter, compared to the consensus estimate 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 firm’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 business posted ($1.79) earnings per share.

A number of brokerages have recently commented on RRGB. 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. StockNews.com began coverage on shares of Red Robin Gourmet Burgers in a research report on Thursday, March 31st. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Red Robin Gourmet Burgers has a consensus rating of “Hold” and an average target price of $27.29.

Shares of RRGB stock opened at $7.26 on Wednesday. The company has a 50 day moving average price of $13.49 and a 200-day moving average price of $15.57. Red Robin Gourmet Burgers has a 52 week low of $6.91 and a 52 week high of $38.96. The firm has a market capitalization of $114.60 million, a PE ratio of -2.28 and a beta of 2.60. The company has a quick ratio of 0.34, a current ratio of 0.46 and a debt-to-equity ratio of 2.17.

A number of institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA grew its stake in Red Robin Gourmet Burgers by 120.6% in the 1st quarter. BNP Paribas Arbitrage SA now owns 15,925 shares of the restaurant operator’s stock valued at $268,000 after acquiring an additional 8,707 shares during the period. Quantbot Technologies LP lifted its holdings in Red Robin Gourmet Burgers by 128.7% in the 1st quarter. Quantbot Technologies LP now owns 16,112 shares of the restaurant operator’s stock valued at $271,000 after purchasing an additional 9,066 shares in the last quarter. State Street Corp lifted its holdings in Red Robin Gourmet Burgers by 6.3% in the 1st quarter. State Street Corp now owns 553,487 shares of the restaurant operator’s stock valued at $9,332,000 after purchasing an additional 32,967 shares in the last quarter. Engineers Gate Manager LP raised its holdings in shares of Red Robin Gourmet Burgers by 121.5% during the 1st quarter. Engineers Gate Manager LP now owns 110,598 shares of the restaurant operator’s stock worth $1,865,000 after acquiring an additional 60,658 shares during the period. Finally, Graham Capital Management L.P. purchased a new position in shares of Red Robin Gourmet Burgers during the 1st quarter worth $308,000. 96.29% of the stock is currently owned by hedge funds and other institutional investors.

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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