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.
ILLEGAL ACTIVITY WARNING: This piece was originally posted by Week Herald and is the property of of Week Herald. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://weekherald.com/2018/11/07/red-robin-gourmet-burgers-rrgb-issues-quarterly-earnings-results.html.
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)
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.