Red Robin Gourmet Burgers (RRGB) to Release Quarterly Earnings on Thursday

Red Robin Gourmet Burgers (NASDAQ:RRGB) is expected to announce its Q1 2025 earnings results after the market closes on Thursday, May 29th. Analysts expect the company to announce earnings of ($0.58) per share and revenue of $388.77 million for the quarter. Red Robin Gourmet Burgers has set its FY 2025 guidance at EPS.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its earnings results on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.44). The business had revenue of $285.23 million during the quarter, compared to analysts’ expectations of $285.20 million. During the same quarter last year, the business earned ($0.66) EPS. On average, analysts expect Red Robin Gourmet Burgers to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Red Robin Gourmet Burgers Stock Performance

RRGB stock opened at $2.89 on Thursday. Red Robin Gourmet Burgers has a fifty-two week low of $2.50 and a fifty-two week high of $9.20. The business’s 50 day moving average price is $3.19 and its two-hundred day moving average price is $4.61. The company has a market capitalization of $50.92 million, a price-to-earnings ratio of -0.88 and a beta of 2.11.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on RRGB shares. CL King upgraded Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Thursday, February 27th. StockNews.com downgraded Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a report on Saturday, March 8th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $13.38.

Insider Buying and Selling

In other news, CEO Gerard Johan Hart sold 11,467 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $4.39, for a total transaction of $50,340.13. Following the transaction, the chief executive officer now directly owns 575,270 shares of the company’s stock, valued at $2,525,435.30. This represents a 1.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 52,759 shares of company stock worth $227,353 in the last 90 days. Insiders own 3.19% of the company’s stock.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in Red Robin Gourmet Burgers during the first quarter valued at about $69,000. Goldman Sachs Group Inc. raised its holdings in Red Robin Gourmet Burgers by 38.8% during the first quarter. Goldman Sachs Group Inc. now owns 84,625 shares of the restaurant operator’s stock valued at $301,000 after acquiring an additional 23,638 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Red Robin Gourmet Burgers during the first quarter valued at about $61,000. 84.04% of the stock is owned by institutional investors.

About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises casual-dining restaurants, in North America and one Canadian province. Its restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.