Brokerages forecast that Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) will report $0.35 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Red Robin Gourmet Burgers’ earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.49. Red Robin Gourmet Burgers reported earnings of $0.46 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 23.9%. The business is expected to issue its next earnings report on Tuesday, August 20th.

On average, analysts expect that Red Robin Gourmet Burgers will report full year earnings of $1.25 per share for the current fiscal year, with EPS estimates ranging from $1.14 to $1.37. For the next year, analysts expect that the company will post earnings of $1.00 per share, with EPS estimates ranging from $0.75 to $1.36. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings results on Thursday, May 30th. The restaurant operator reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.29). The company had revenue of $409.87 million during the quarter, compared to analyst estimates of $408.98 million. Red Robin Gourmet Burgers had a negative net margin of 0.77% and a positive return on equity of 4.14%. Red Robin Gourmet Burgers’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS.

Several equities research analysts have recently weighed in on the company. Morgan Stanley cut their target price on Red Robin Gourmet Burgers from $31.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Friday, May 31st. ValuEngine lowered Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Zacks Investment Research raised Red Robin Gourmet Burgers from a “sell” rating to a “strong-buy” rating and set a $35.00 target price on the stock in a research report on Monday, August 5th. Maxim Group reissued a “buy” rating and set a $44.00 target price (down previously from $49.00) on shares of Red Robin Gourmet Burgers in a research report on Wednesday, August 7th. Finally, BidaskClub lowered Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating in a research report on Thursday, May 30th. Ten investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $37.44.

In other news, Director Glenn B. Kaufman acquired 1,000 shares of Red Robin Gourmet Burgers stock in a transaction that occurred on Monday, June 10th. The stock was purchased at an average cost of $26.50 per share, with a total value of $26,500.00. Following the completion of the acquisition, the director now owns 29,733 shares in the company, valued at approximately $787,924.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Vintage Capital Management Llc acquired 203,336 shares of Red Robin Gourmet Burgers stock in a transaction that occurred on Friday, May 31st. The shares were purchased at an average cost of $25.97 per share, with a total value of $5,280,635.92. The disclosure for this purchase can be found here. Insiders acquired a total of 206,336 shares of company stock worth $5,359,136 over the last quarter. Company insiders own 2.08% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RRGB. Geode Capital Management LLC grew its position in shares of Red Robin Gourmet Burgers by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 141,425 shares of the restaurant operator’s stock valued at $3,778,000 after purchasing an additional 2,086 shares during the period. Dean Investment Associates LLC purchased a new stake in shares of Red Robin Gourmet Burgers in the first quarter valued at $4,273,000. Quantum Capital Management purchased a new stake in shares of Red Robin Gourmet Burgers in the first quarter valued at $1,334,000. Norges Bank purchased a new stake in shares of Red Robin Gourmet Burgers in the fourth quarter valued at $1,960,000. Finally, BNP Paribas Arbitrage SA grew its position in shares of Red Robin Gourmet Burgers by 43,766.8% in the first quarter. BNP Paribas Arbitrage SA now owns 452,705 shares of the restaurant operator’s stock valued at $13,042,000 after purchasing an additional 451,673 shares during the period.

Shares of NASDAQ RRGB traded up $1.31 during midday trading on Thursday, hitting $31.61. 311,000 shares of the company’s stock were exchanged, compared to its average volume of 335,926. The company has a debt-to-equity ratio of 1.90, a current ratio of 0.44 and a quick ratio of 0.30. Red Robin Gourmet Burgers has a twelve month low of $24.57 and a twelve month high of $42.50. The company has a market cap of $392.87 million, a PE ratio of 24.43, a P/E/G ratio of 2.50 and a beta of 1.13. The firm’s fifty day simple moving average is $32.04 and its 200-day simple moving average is $30.96.

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. The company's restaurants primarily offer burgers; various appetizers, salads, soups, seafood, and other entrees; and desserts, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

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