Equities research analysts expect Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to announce earnings per share (EPS) of $0.38 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Red Robin Gourmet Burgers’ earnings, with the highest EPS estimate coming in at $0.49 and the lowest estimate coming in at $0.29. Red Robin Gourmet Burgers posted earnings per share of $0.78 during the same quarter last year, which indicates a negative year over year growth rate of 51.3%. The firm is scheduled to issue its next earnings results on Thursday, February 28th.

According to Zacks, analysts expect that Red Robin Gourmet Burgers will report full-year earnings of $1.68 per share for the current financial year, with EPS estimates ranging from $1.60 to $1.80. For the next fiscal year, analysts expect that the firm will report earnings of $1.79 per share, with EPS estimates ranging from $1.52 to $1.98. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Red Robin Gourmet Burgers.

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

A number of research firms have weighed in on RRGB. BidaskClub raised shares of Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research report on Wednesday, August 22nd. Stephens decreased their target price on shares of Red Robin Gourmet Burgers from $75.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, August 22nd. Canaccord Genuity reissued a “hold” rating and set a $42.00 target price on shares of Red Robin Gourmet Burgers in a research report on Wednesday, August 22nd. Zacks Investment Research cut Red Robin Gourmet Burgers from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 23rd. Finally, Gordon Haskett began coverage on Red Robin Gourmet Burgers in a report on Thursday, October 18th. They set a “hold” rating and a $38.00 price target on the stock. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $48.67.

Several institutional investors have recently bought and sold shares of the business. Legal & General Group Plc lifted its holdings 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 purchasing an additional 1,420 shares in the last quarter. Rhumbline Advisers lifted its holdings 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 purchasing an additional 1,497 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Red Robin Gourmet Burgers by 215.1% in the 3rd quarter. Pacer Advisors Inc. now owns 3,633 shares of the restaurant operator’s stock worth $146,000 after purchasing an additional 2,480 shares in the last quarter. Principal Financial Group Inc. lifted its holdings 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 purchasing an additional 2,520 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Red Robin Gourmet Burgers in the 2nd quarter worth $141,000.

NASDAQ:RRGB opened at $31.78 on Wednesday. The company has a market cap of $433.08 million, a price-to-earnings ratio of 12.76, a PEG ratio of 2.05 and a beta of 0.59. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.59 and a quick ratio of 0.38. Red Robin Gourmet Burgers has a fifty-two week low of $30.02 and a fifty-two week high of $67.10.

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.

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

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