Brokerages expect Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to post $304.62 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Red Robin Gourmet Burgers’ earnings, with the lowest sales estimate coming in at $303.52 million and the highest estimate coming in at $306.06 million. Red Robin Gourmet Burgers reported sales of $304.25 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.1%. The business is scheduled to announce its next quarterly earnings report on Monday, November 5th.

According to Zacks, analysts expect that Red Robin Gourmet Burgers will report full year sales of $1.35 billion for the current year, with estimates ranging from $1.35 billion to $1.36 billion. For the next year, analysts anticipate that the business will post sales of $1.35 billion per share, with estimates ranging from $1.35 billion to $1.36 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings results on Tuesday, August 21st. The restaurant operator reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46. Red Robin Gourmet Burgers had a return on equity of 7.20% and a net margin of 1.01%. The business had revenue of $315.39 million during the quarter, compared to the consensus estimate of $317.38 million. During the same quarter last year, the firm posted $0.61 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis.

Several equities research analysts have issued reports on the company. BTIG Research downgraded Red Robin Gourmet Burgers from a “buy” rating to a “neutral” rating in a report on Wednesday, May 23rd. Stifel Nicolaus downgraded Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and cut their price target for the company from $75.00 to $55.00 in a report on Wednesday, May 23rd. Maxim Group reaffirmed a “buy” rating and set a $68.00 price target (down previously from $71.00) on shares of Red Robin Gourmet Burgers in a report on Wednesday, May 23rd. BidaskClub raised Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating in a report on Tuesday, June 12th. Finally, TheStreet downgraded Red Robin Gourmet Burgers from a “b-” rating to a “c+” rating in a report on Wednesday, May 23rd. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.73.

A number of hedge funds have recently bought and sold shares of the business. Piedmont Investment Advisors LLC bought a new position in shares of Red Robin Gourmet Burgers in the second quarter worth $141,000. Victory Capital Management Inc. bought a new position in shares of Red Robin Gourmet Burgers in the first quarter worth $152,000. Winslow Evans & Crocker Inc. increased its position in shares of Red Robin Gourmet Burgers by 75.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,500 shares of the restaurant operator’s stock worth $164,000 after purchasing an additional 1,500 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Red Robin Gourmet Burgers in the second quarter worth $207,000. Finally, SG Americas Securities LLC bought a new position in shares of Red Robin Gourmet Burgers in the second quarter worth $220,000.

Red Robin Gourmet Burgers stock traded up $0.25 during mid-day trading on Monday, hitting $39.75. 145,000 shares of the company’s stock traded hands, compared to its average volume of 349,706. Red Robin Gourmet Burgers has a fifty-two week low of $36.20 and a fifty-two week high of $70.10. The company has a market capitalization of $510.76 million, a price-to-earnings ratio of 15.96, a P/E/G ratio of 2.13 and a beta of 0.31. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.55 and a quick ratio of 0.35.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants in the United States and Canada. As of December 31, 2017, it operated 480 company-owned restaurants located in 39 states and 2 Canadian provinces; and had 86 casual-dining restaurants operated by franchisees in 15 states.

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