Red Robin Gourmet Burgers (RRGB) Issues Quarterly Earnings Results

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Red Robin Gourmet Burgers (NASDAQ:RRGB) issued its earnings results on Tuesday. The restaurant operator reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04, Briefing.com reports. Red Robin Gourmet Burgers had a return on equity of 7.20% and a net margin of 1.01%. The business had revenue of $294.90 million for the quarter, compared to the consensus estimate of $304.11 million. During the same period last year, the business posted $0.21 EPS. The company’s revenue was down 3.5% compared to the same quarter last year. Red Robin Gourmet Burgers updated its FY 2018 guidance to $1.60-1.80 EPS and its FY18 guidance to $1.60-1.80 EPS.

Shares of RRGB stock traded up $1.75 on Wednesday, reaching $34.89. The stock had a trading volume of 963,200 shares, compared to its average volume of 339,984. The company has a market cap of $411.99 million, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 1.72 and a beta of 0.58. Red Robin Gourmet Burgers has a 1 year low of $30.02 and a 1 year high of $67.10. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.55 and a quick ratio of 0.35.

Several analysts have commented on the company. BidaskClub upgraded Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research note on Tuesday, July 24th. Zacks Investment Research downgraded Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Maxim Group cut their target price on Red Robin Gourmet Burgers from $68.00 to $54.00 and set a “buy” rating on the stock in a research note on Thursday, August 2nd. Wells Fargo & Co cut their target price on Red Robin Gourmet Burgers from $54.00 to $42.00 and set a “market perform” rating on the stock in a research note on Thursday, August 2nd. Finally, Raymond James downgraded Red Robin Gourmet Burgers from an “outperform” rating to a “market perform” rating and set a $75.00 target price on the stock. in a research note on Thursday, August 2nd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $49.77.

Several hedge funds have recently added to or reduced their stakes in the company. Factorial Partners LLC boosted its stake in shares of Red Robin Gourmet Burgers by 6.6% in the 2nd quarter. Factorial Partners LLC now owns 19,500 shares of the restaurant operator’s stock worth $909,000 after buying an additional 1,200 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Red Robin Gourmet Burgers by 5.1% in the 2nd quarter. Legal & General Group Plc now owns 28,998 shares of the restaurant operator’s stock worth $1,357,000 after buying an additional 1,420 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Red Robin Gourmet Burgers by 4.9% in the 2nd quarter. Rhumbline Advisers now owns 31,938 shares of the restaurant operator’s stock worth $1,488,000 after buying an additional 1,497 shares during the last quarter. Winslow Evans & Crocker Inc. boosted its stake in shares of Red Robin Gourmet Burgers by 75.0% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 3,500 shares of the restaurant operator’s stock worth $164,000 after buying an additional 1,500 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Red Robin Gourmet Burgers by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 99,319 shares of the restaurant operator’s stock worth $5,761,000 after buying an additional 2,520 shares during the last quarter.

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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.

Further Reading: Understanding Price to Earnings Ratio (PE)

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

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