Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Stock analysts at Jefferies Financial Group reduced their FY2018 earnings per share estimates for shares of Red Robin Gourmet Burgers in a report issued on Wednesday, November 7th. Jefferies Financial Group analyst A. Slagle now anticipates that the restaurant operator will post earnings of $1.70 per share for the year, down from their previous estimate of $2.02. Jefferies Financial Group also issued estimates for Red Robin Gourmet Burgers’ Q4 2018 earnings at $0.39 EPS, FY2019 earnings at $1.86 EPS and FY2020 earnings at $2.13 EPS.

A number of other analysts have also recently commented on the stock. ValuEngine upgraded shares of Red Robin Gourmet Burgers from a “strong sell” rating to a “sell” rating in a report on Saturday. Wells Fargo & Co dropped their target price on shares of Red Robin Gourmet Burgers from $43.00 to $36.00 and set a “market perform” rating on the stock in a report on Wednesday. Stephens restated an “overweight” rating on shares of Red Robin Gourmet Burgers in a report on Wednesday. Maxim Group dropped their target price on shares of Red Robin Gourmet Burgers from $54.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. They noted that the move was a valuation call. Finally, Loop Capital assumed coverage on shares of Red Robin Gourmet Burgers in a report on Friday, November 2nd. They set a “hold” rating and a $35.00 target price on the stock. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. Red Robin Gourmet Burgers currently has a consensus rating of “Hold” and an average price target of $48.67.

Shares of RRGB stock opened at $34.58 on Friday. Red Robin Gourmet Burgers has a 12 month low of $30.02 and a 12 month high of $67.10. The firm has a market cap of $453.45 million, a PE ratio of 13.89, a price-to-earnings-growth ratio of 2.14 and a beta of 0.58. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 0.58.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings results on Tuesday, November 6th. The restaurant operator reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.04. The business had revenue of $294.90 million for the quarter, compared to analysts’ expectations of $304.11 million. Red Robin Gourmet Burgers had a net margin of 0.95% and a return on equity of 6.96%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 earnings per share.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Red Robin Gourmet Burgers by 4.7% in the 3rd quarter. BlackRock Inc. now owns 1,852,075 shares of the restaurant operator’s stock worth $74,361,000 after purchasing an additional 82,313 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Red Robin Gourmet Burgers by 17.2% in the 3rd quarter. Alliancebernstein L.P. now owns 489,682 shares of the restaurant operator’s stock worth $19,661,000 after purchasing an additional 71,870 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Red Robin Gourmet Burgers by 148.3% in the 3rd quarter. Prudential Financial Inc. now owns 55,517 shares of the restaurant operator’s stock worth $2,229,000 after purchasing an additional 33,160 shares during the last quarter. Systematic Financial Management LP raised its position in shares of Red Robin Gourmet Burgers by 26.4% in the 3rd quarter. Systematic Financial Management LP now owns 34,690 shares of the restaurant operator’s stock worth $1,393,000 after purchasing an additional 7,235 shares during the last quarter. Finally, Stone Ridge Asset Management LLC raised its position in shares of Red Robin Gourmet Burgers by 68.7% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 9,876 shares of the restaurant operator’s stock worth $397,000 after purchasing an additional 4,021 shares during the last quarter.

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.

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Earnings History and Estimates for Red Robin Gourmet Burgers (NASDAQ:RRGB)

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