Analysts Expect Red Robin Gourmet Burgers, Inc. (RRGB) to Announce $0.63 EPS

Share on StockTwits

Brokerages predict that Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) will report $0.63 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have provided estimates for Red Robin Gourmet Burgers’ earnings, with estimates ranging from $0.40 to $0.76. Red Robin Gourmet Burgers reported earnings of $0.69 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 8.7%. The business is expected to report its next quarterly earnings report on Tuesday, May 28th.

According to Zacks, analysts expect that Red Robin Gourmet Burgers will report full year earnings of $1.42 per share for the current fiscal year, with EPS estimates ranging from $1.33 to $1.52. For the next fiscal year, analysts anticipate that the business will post earnings of $1.64 per share, with EPS estimates ranging from $1.45 to $1.91. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last posted its quarterly earnings data on Tuesday, February 26th. The restaurant operator reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.06. The company had revenue of $306.78 million for the quarter, compared to the consensus estimate of $308.03 million. Red Robin Gourmet Burgers had a negative net margin of 0.48% and a positive return on equity of 5.77%. The firm’s revenue was down 10.8% compared to the same quarter last year. During the same period last year, the company earned $0.78 earnings per share.

RRGB has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a report on Thursday, November 22nd. Jefferies Financial Group downgraded shares of Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating in a report on Wednesday, December 19th. ValuEngine downgraded shares of Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Maxim Group restated a “buy” rating on shares of Red Robin Gourmet Burgers in a report on Thursday, January 3rd. Finally, Zacks Investment Research upgraded shares of Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a report on Wednesday, January 9th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. Red Robin Gourmet Burgers currently has a consensus rating of “Hold” and an average price target of $43.70.

A number of hedge funds have recently added to or reduced their stakes in RRGB. Metropolitan Life Insurance Co. NY boosted its position in Red Robin Gourmet Burgers by 461.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,731 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 3,888 shares during the period. Oregon Public Employees Retirement Fund bought a new position in Red Robin Gourmet Burgers during the fourth quarter worth $132,000. Pacer Advisors Inc. boosted its position in Red Robin Gourmet Burgers by 215.1% during the third quarter. Pacer Advisors Inc. now owns 3,633 shares of the restaurant operator’s stock worth $146,000 after purchasing an additional 2,480 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in Red Robin Gourmet Burgers during the fourth quarter worth $175,000. Finally, Texas Permanent School Fund boosted its position in Red Robin Gourmet Burgers by 3.9% during the fourth quarter. Texas Permanent School Fund now owns 8,493 shares of the restaurant operator’s stock worth $227,000 after purchasing an additional 315 shares during the period.

RRGB traded up $0.16 during trading on Friday, reaching $28.85. 147,623 shares of the stock were exchanged, compared to its average volume of 235,367. The company has a market cap of $371.97 million, a price-to-earnings ratio of 16.58, a PEG ratio of 2.08 and a beta of 0.86. Red Robin Gourmet Burgers has a twelve month low of $25.46 and a twelve month high of $67.10. The company has a current ratio of 0.58, a quick ratio of 0.42 and a debt-to-equity ratio of 0.53.

About Red Robin Gourmet Burgers

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.

See Also: Does the Step Transaction Doctrine Affect a Backdoor Roth IRA?

Get a free copy of the Zacks research report on Red Robin Gourmet Burgers (RRGB)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Red Robin Gourmet Burgers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Robin Gourmet Burgers and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply