$0.73 EPS Expected for Red Robin Gourmet Burgers, Inc. (RRGB) This Quarter

Equities analysts expect Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to announce $0.73 earnings per share for the current quarter, according to Zacks. Four analysts have made estimates for Red Robin Gourmet Burgers’ earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.70. Red Robin Gourmet Burgers reported earnings per share of $0.89 in the same quarter last year, which indicates a negative year over year growth rate of 18%. The business is scheduled to announce its next quarterly earnings results on Tuesday, May 15th.

According to Zacks, analysts expect that Red Robin Gourmet Burgers will report full-year earnings of $2.65 per share for the current financial year, with EPS estimates ranging from $2.56 to $2.80. For the next fiscal year, analysts expect that the company will report earnings of $3.08 per share, with EPS estimates ranging from $2.92 to $3.35. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Red Robin Gourmet Burgers.

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Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings data on Thursday, February 22nd. The restaurant operator reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.24. Red Robin Gourmet Burgers had a net margin of 2.17% and a return on equity of 8.63%. The business had revenue of $342.35 million during the quarter, compared to the consensus estimate of $330.51 million. During the same quarter last year, the company posted $0.35 earnings per share. The firm’s quarterly revenue was up 17.5% compared to the same quarter last year.

RRGB has been the subject of a number of research analyst reports. BidaskClub downgraded shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Jefferies Group upgraded shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and raised their price objective for the stock from $58.00 to $63.00 in a report on Saturday, December 30th. Finally, Morgan Stanley restated an “equal weight” rating and set a $56.00 price objective (down previously from $57.00) on shares of Red Robin Gourmet Burgers in a report on Monday, February 26th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Red Robin Gourmet Burgers has an average rating of “Buy” and a consensus price target of $66.73.

NASDAQ RRGB traded down $1.60 during trading hours on Monday, reaching $56.40. 174,626 shares of the company were exchanged, compared to its average volume of 329,383. Red Robin Gourmet Burgers has a 1 year low of $45.70 and a 1 year high of $74.11. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.47 and a current ratio of 0.65. The company has a market capitalization of $751.55, a PE ratio of 23.29, a price-to-earnings-growth ratio of 2.26 and a beta of 0.31.

In other Red Robin Gourmet Burgers news, Director Pattye L. Moore sold 1,500 shares of the stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $57.98, for a total transaction of $86,970.00. Following the completion of the transaction, the director now owns 3,047 shares in the company, valued at $176,665.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard J. Howell sold 3,416 shares of the stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $62.79, for a total transaction of $214,490.64. The disclosure for this sale can be found here. 2.66% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in Red Robin Gourmet Burgers by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,084,594 shares of the restaurant operator’s stock worth $72,667,000 after purchasing an additional 5,068 shares during the period. Ameriprise Financial Inc. boosted its position in Red Robin Gourmet Burgers by 5.8% during the third quarter. Ameriprise Financial Inc. now owns 803,475 shares of the restaurant operator’s stock worth $53,833,000 after purchasing an additional 43,870 shares during the period. Alliancebernstein L.P. boosted its position in Red Robin Gourmet Burgers by 0.7% during the fourth quarter. Alliancebernstein L.P. now owns 639,299 shares of the restaurant operator’s stock worth $36,056,000 after purchasing an additional 4,210 shares during the period. Wedge Capital Management L L P NC boosted its position in Red Robin Gourmet Burgers by 8.1% during the fourth quarter. Wedge Capital Management L L P NC now owns 391,420 shares of the restaurant operator’s stock worth $22,076,000 after purchasing an additional 29,339 shares during the period. Finally, American Century Companies Inc. boosted its position in Red Robin Gourmet Burgers by 13.5% during the fourth quarter. American Century Companies Inc. now owns 359,315 shares of the restaurant operator’s stock worth $20,265,000 after purchasing an additional 42,750 shares during the period.

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About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates, and franchises full-service restaurants in North America and focuses on serving selection of gourmet burgers. The Company’s menu features a line of gourmet burgers, which it makes from ground beef, as well as its line of Red’s Tavern Double Burgers and its Red Robin’s line of half-pound Angus beef burgers with various toppings.

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