Wall Street analysts forecast that Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) will post earnings per share of $0.29 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Red Robin Gourmet Burgers’ earnings, with the lowest EPS estimate coming in at $0.27 and the highest estimate coming in at $0.33. Red Robin Gourmet Burgers reported earnings of $0.38 per share during the same quarter last year, which indicates a negative year over year growth rate of 23.7%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, November 1st.

On average, analysts expect that Red Robin Gourmet Burgers will report full-year earnings of $2.82 per share for the current financial year, with EPS estimates ranging from $2.80 to $2.86. For the next fiscal year, analysts anticipate that the company will report earnings of $3.34 per share, with EPS estimates ranging from $3.21 to $3.50. Zacks Investment Research’s EPS 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 posted its quarterly earnings data on Tuesday, August 8th. The restaurant operator reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.10. The company had revenue of $315.80 million during the quarter, compared to analysts’ expectations of $315.69 million. Red Robin Gourmet Burgers had a net margin of 0.64% and a return on equity of 8.00%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 earnings per share.

RRGB has been the subject of a number of recent analyst reports. Maxim Group reiterated a “buy” rating and issued a $80.00 price target (up previously from $75.00) on shares of Red Robin Gourmet Burgers in a research report on Wednesday, May 17th. Canaccord Genuity upgraded Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and increased their price target for the company from $72.00 to $90.00 in a research report on Friday, May 26th. Raymond James Financial, Inc. set a $75.00 price target on Red Robin Gourmet Burgers and gave the company a “buy” rating in a research report on Wednesday, August 9th. TheStreet lowered Red Robin Gourmet Burgers from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. Finally, Zacks Investment Research upgraded Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $72.80.

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In related news, Director Robert Blaine Aiken, Jr. sold 2,946 shares of the stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $71.80, for a total value of $211,522.80. Following the completion of the sale, the director now directly owns 6,547 shares of the company’s stock, valued at approximately $470,074.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Guy J. Constant acquired 2,500 shares of Red Robin Gourmet Burgers stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average cost of $58.88 per share, with a total value of $147,200.00. The disclosure for this purchase can be found here. 2.66% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in RRGB. USA Financial Portformulas Corp acquired a new stake in shares of Red Robin Gourmet Burgers during the second quarter valued at about $458,000. Phocas Financial Corp. increased its stake in shares of Red Robin Gourmet Burgers by 4.7% in the second quarter. Phocas Financial Corp. now owns 94,829 shares of the restaurant operator’s stock valued at $6,188,000 after buying an additional 4,233 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Red Robin Gourmet Burgers during the second quarter valued at about $565,000. WINTON GROUP Ltd increased its stake in shares of Red Robin Gourmet Burgers by 55.5% in the second quarter. WINTON GROUP Ltd now owns 16,716 shares of the restaurant operator’s stock valued at $1,091,000 after buying an additional 5,963 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Red Robin Gourmet Burgers by 6.4% in the second quarter. Public Employees Retirement System of Ohio now owns 1,871 shares of the restaurant operator’s stock valued at $122,000 after buying an additional 112 shares in the last quarter.

Red Robin Gourmet Burgers (NASDAQ RRGB) traded up 0.17% during trading on Thursday, reaching $58.55. 137,887 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $60.60 and a 200 day moving average price of $59.31. The firm has a market capitalization of $756.88 million, a price-to-earnings ratio of 90.78 and a beta of 0.62. Red Robin Gourmet Burgers has a 52 week low of $40.85 and a 52 week high of $74.11.

Red Robin Gourmet Burgers Company Profile

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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