$0.48 EPS Expected for Red Robin Gourmet Burgers, Inc. (RRGB) This Quarter

Share on StockTwits

Wall Street brokerages predict that Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) will post $0.48 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Red Robin Gourmet Burgers’ earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.73. Red Robin Gourmet Burgers reported earnings of $0.69 per share in the same quarter last year, which would indicate a negative year over year growth rate of 30.4%. The company is expected to announce its next earnings results after the market closes on Thursday, May 30th.

According to Zacks, analysts expect that Red Robin Gourmet Burgers will report full year earnings of $1.23 per share for the current financial year, with EPS estimates ranging from $1.05 to $1.38. For the next year, analysts expect that the company will report earnings of $1.37 per share, with EPS estimates ranging from $1.00 to $1.77. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings data on Tuesday, February 26th. The restaurant operator reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.05. Red Robin Gourmet Burgers had a positive return on equity of 5.77% and a negative net margin of 0.48%. The firm had revenue of $306.78 million for the quarter, compared to analyst estimates of $308.03 million. During the same quarter in the prior year, the company posted $0.78 earnings per share. Red Robin Gourmet Burgers’s quarterly revenue was down 10.8% on a year-over-year basis.

RRGB has been the topic of several research reports. Loop Capital lowered their target price on Red Robin Gourmet Burgers to $31.00 and set a “hold” rating on the stock in a report on Thursday, April 4th. BidaskClub raised Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Zacks Investment Research raised Red Robin Gourmet Burgers from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 12th. ValuEngine raised Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Maxim Group cut Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and decreased their target price for the stock from $46.00 to $29.00 in a research report on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $41.50.

Several large investors have recently made changes to their positions in RRGB. Federated Investors Inc. PA lifted its position in shares of Red Robin Gourmet Burgers by 68.3% in the first quarter. Federated Investors Inc. PA now owns 1,414 shares of the restaurant operator’s stock worth $41,000 after buying an additional 574 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its position in shares of Red Robin Gourmet Burgers by 461.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,731 shares of the restaurant operator’s stock worth $126,000 after buying an additional 3,888 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in shares of Red Robin Gourmet Burgers in the fourth quarter worth about $132,000. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Red Robin Gourmet Burgers in the fourth quarter worth about $175,000. Finally, Hsbc Holdings PLC acquired a new stake in shares of Red Robin Gourmet Burgers in the first quarter worth about $208,000.

RRGB stock traded down $1.20 on Wednesday, reaching $33.47. 2,088 shares of the company’s stock were exchanged, compared to its average volume of 268,092. Red Robin Gourmet Burgers has a twelve month low of $25.27 and a twelve month high of $60.90. The firm has a market capitalization of $442.73 million, a PE ratio of 19.55, a P/E/G ratio of 2.84 and a beta of 0.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.58 and a quick ratio of 0.42.

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. The company's restaurants primarily offer burgers; various appetizers, salads, soups, seafood, and other entrees; and desserts, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

Featured Story: What is a Fibonacci Channel?

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.