Equities analysts forecast that Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) will post $331.11 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Red Robin Gourmet Burgers’ earnings, with estimates ranging from $329.85 million to $331.97 million. Red Robin Gourmet Burgers posted sales of $291.46 million during the same quarter last year, which would indicate a positive year over year growth rate of 13.6%. The company is expected to report its next quarterly earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Red Robin Gourmet Burgers will report full year sales of $331.11 million for the current year. For the next fiscal year, analysts anticipate that the business will post sales of $1.38 billion per share, with estimates ranging from $1.36 billion to $1.40 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings data on Monday, November 6th. The restaurant operator reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.09). Red Robin Gourmet Burgers had a return on equity of 7.32% and a net margin of 0.94%. The company had revenue of $304.20 million for the quarter, compared to analyst estimates of $308.44 million. During the same period in the prior year, the firm posted $0.38 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year.

RRGB has been the subject of a number of analyst reports. BTIG Research reissued a “buy” rating and set a $70.00 price objective (up from $64.00) on shares of Red Robin Gourmet Burgers in a research report on Tuesday, September 12th. Canaccord Genuity reissued a “buy” rating and set a $80.00 price objective on shares of Red Robin Gourmet Burgers in a research report on Sunday, October 1st. Stifel Nicolaus initiated coverage on Red Robin Gourmet Burgers in a research report on Monday, October 2nd. They set a “hold” rating and a $62.00 price objective for the company. Zacks Investment Research raised Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $73.00 price objective for the company in a research report on Tuesday, October 10th. Finally, Maxim Group reissued a “buy” rating and set a $75.00 price objective on shares of Red Robin Gourmet Burgers in a research report on Monday, October 30th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. Red Robin Gourmet Burgers currently has a consensus rating of “Hold” and a consensus target price of $69.00.

Shares of Red Robin Gourmet Burgers (NASDAQ RRGB) traded down $0.40 during trading on Friday, hitting $53.20. The stock had a trading volume of 324,214 shares, compared to its average volume of 685,531. Red Robin Gourmet Burgers has a 1-year low of $45.20 and a 1-year high of $74.11. The firm has a market capitalization of $687.76, a P/E ratio of 25.83, a PEG ratio of 2.28 and a beta of 0.55. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.37 and a current ratio of 0.56.

In other Red Robin Gourmet Burgers news, COO Carin Stutz purchased 715 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average cost of $49.15 per share, with a total value of $35,142.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.66% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in RRGB. Daruma Capital Management LLC boosted its holdings in Red Robin Gourmet Burgers by 225.6% in the second quarter. Daruma Capital Management LLC now owns 856,225 shares of the restaurant operator’s stock valued at $55,869,000 after purchasing an additional 593,278 shares in the last quarter. 1060 Capital LLC acquired a new position in Red Robin Gourmet Burgers in the third quarter valued at approximately $10,078,000. Castleark Management LLC acquired a new position in Red Robin Gourmet Burgers in the second quarter valued at approximately $7,376,000. Highbridge Capital Management LLC boosted its holdings in Red Robin Gourmet Burgers by 1,043.9% in the third quarter. Highbridge Capital Management LLC now owns 110,000 shares of the restaurant operator’s stock valued at $7,370,000 after purchasing an additional 100,384 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Red Robin Gourmet Burgers by 76.9% in the third quarter. Russell Investments Group Ltd. now owns 216,764 shares of the restaurant operator’s stock valued at $14,523,000 after purchasing an additional 94,254 shares in the last quarter.

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Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, primarily develops, operates, and franchises full-service restaurants in North America and focuses on serving selection of gourmet burgers. The Company’s menu features a line of gourmet burgers, which it makes from ground beef, as well as its line of Red’s Tavern Double Burgers and its Red Robin’s line of half-pound Angus beef burgers with various toppings.

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

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