Wall Street analysts expect that Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) will post $307.09 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Red Robin Gourmet Burgers’ earnings. The lowest sales estimate is $304.44 million and the highest is $309.51 million. Red Robin Gourmet Burgers posted sales of $315.39 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.6%. The company is scheduled to report its next quarterly earnings report on Tuesday, August 20th.
On average, analysts expect that Red Robin Gourmet Burgers will report full-year sales of $1.31 billion for the current year, with estimates ranging from $1.31 billion to $1.33 billion. For the next year, analysts forecast that the firm will report sales of $1.31 billion, with estimates ranging from $1.30 billion to $1.33 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Red Robin Gourmet Burgers.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings results on Thursday, May 30th. The restaurant operator reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.29). Red Robin Gourmet Burgers had a negative net margin of 0.77% and a positive return on equity of 4.14%. The firm had revenue of $409.87 million for the quarter, compared to analysts’ expectations of $408.98 million. During the same period in the prior year, the company earned $0.69 EPS. The firm’s quarterly revenue was down 2.8% on a year-over-year basis.
NASDAQ RRGB traded down $0.82 during trading on Friday, reaching $25.68. The company’s stock had a trading volume of 4,808 shares, compared to its average volume of 292,144. The firm has a market capitalization of $341.82 million, a P/E ratio of 15.02, a P/E/G ratio of 2.15 and a beta of 1.03. The company has a quick ratio of 0.30, a current ratio of 0.44 and a debt-to-equity ratio of 1.90. Red Robin Gourmet Burgers has a one year low of $24.57 and a one year high of $54.95.
In other Red Robin Gourmet Burgers news, major shareholder Vintage Capital Management Llc purchased 203,336 shares of Red Robin Gourmet Burgers stock in a transaction dated Friday, May 31st. The shares were acquired at an average cost of $25.97 per share, with a total value of $5,280,635.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.08% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in RRGB. Morgan Stanley lifted its stake in Red Robin Gourmet Burgers by 281.7% in the 3rd quarter. Morgan Stanley now owns 136,366 shares of the restaurant operator’s stock worth $5,475,000 after purchasing an additional 100,644 shares in the last quarter. Arizona State Retirement System boosted its position in Red Robin Gourmet Burgers by 6.0% in the 4th quarter. Arizona State Retirement System now owns 19,986 shares of the restaurant operator’s stock valued at $534,000 after buying an additional 1,132 shares during the period. KBC Group NV boosted its position in Red Robin Gourmet Burgers by 12.9% in the 4th quarter. KBC Group NV now owns 30,368 shares of the restaurant operator’s stock valued at $811,000 after buying an additional 3,464 shares during the period. Rhumbline Advisers boosted its position in Red Robin Gourmet Burgers by 20.6% in the 4th quarter. Rhumbline Advisers now owns 38,446 shares of the restaurant operator’s stock valued at $1,027,000 after buying an additional 6,563 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in Red Robin Gourmet Burgers in the 4th quarter valued at approximately $3,132,000.
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.
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