$331.11 Million in Sales Expected for Red Robin Gourmet Burgers, Inc. (RRGB) This Quarter
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.
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.
ILLEGAL ACTIVITY NOTICE: “$331.11 Million in Sales Expected for Red Robin Gourmet Burgers, Inc. (RRGB) This Quarter” was first reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.watchlistnews.com/331-11-million-in-sales-expected-for-red-robin-gourmet-burgers-inc-rrgb-this-quarter/1770016.html.
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.
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.