Analysts expect Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to post $0.58 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Red Robin Gourmet Burgers’ earnings. The highest EPS estimate is $0.80 and the lowest is $0.50. Red Robin Gourmet Burgers reported earnings of $1.27 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 54.3%. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, May 16th.
On average, analysts expect that Red Robin Gourmet Burgers will report full-year earnings of $2.74 per share for the current year, with EPS estimates ranging from $2.65 to $2.80. For the next fiscal year, analysts anticipate that the business will post earnings of $3.16 per share, with EPS estimates ranging from $2.91 to $3.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that follow Red Robin Gourmet Burgers.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings data on Tuesday, February 21st. The restaurant operator reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.01. Red Robin Gourmet Burgers had a net margin of 2.49% and a return on equity of 11.87%. The company earned $291.46 million during the quarter, compared to analyst estimates of $291.11 million. During the same period in the previous year, the business earned $0.86 EPS. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. A number of research firms have recently issued reports on RRGB. Jefferies Group LLC reissued a “hold” rating and issued a $52.00 price target on shares of Red Robin Gourmet Burgers in a research note on Tuesday, April 4th. Standpoint Research downgraded shares of Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating in a research note on Tuesday, March 28th. Zacks Investment Research raised shares of Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research note on Wednesday, March 15th. Maxim Group reduced their price target on shares of Red Robin Gourmet Burgers from $73.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, January 12th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $45.00 price target on shares of Red Robin Gourmet Burgers in a research note on Sunday, January 8th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Red Robin Gourmet Burgers presently has a consensus rating of “Hold” and a consensus price target of $61.14.
Shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) traded down 1.00% during midday trading on Tuesday, reaching $59.35. 265,524 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $57.41 and its 200 day moving average is $52.15. Red Robin Gourmet Burgers has a one year low of $40.85 and a one year high of $66.96. In other news, CFO Guy J. Constant purchased 5,000 shares of the stock in a transaction on Friday, February 24th. The stock was bought at an average price of $47.30 per share, for a total transaction of $236,500.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 2.66% of the company’s stock.
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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