Red Robin Gourmet Burgers, Inc. (RRGB) Expected to Announce Earnings of $0.55 Per Share
Analysts expect that Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) will announce $0.55 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. The lowest EPS estimate is $0.52 and the highest is $0.60. Red Robin Gourmet Burgers posted earnings per share of $0.35 in the same quarter last year, which indicates a positive year-over-year growth rate of 57.1%. The company is scheduled to announce its next quarterly earnings report on Tuesday, February 20th.
According to Zacks, analysts expect that Red Robin Gourmet Burgers will report full-year earnings of $2.26 per share for the current financial year, with EPS estimates ranging from $2.23 to $2.31. For the next financial year, analysts expect that the firm will report earnings of $2.70 per share, with EPS estimates ranging from $2.51 to $2.89. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Red Robin Gourmet Burgers.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings results on Monday, November 6th. The restaurant operator reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.09). The firm had revenue of $304.20 million for the quarter, compared to analyst estimates of $308.44 million. Red Robin Gourmet Burgers had a return on equity of 7.32% and a net margin of 0.94%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm earned $0.38 EPS.
Red Robin Gourmet Burgers (NASDAQ:RRGB) traded up $0.55 during trading hours on Friday, hitting $52.60. The stock had a trading volume of 336,388 shares, compared to its average volume of 327,265. The firm has a market cap of $673.32, a P/E ratio of 55.37, a PEG ratio of 1.86 and a beta of 0.44. The company has a quick ratio of 0.37, a current ratio of 0.56 and a debt-to-equity ratio of 0.76. Red Robin Gourmet Burgers has a fifty-two week low of $45.20 and a fifty-two week high of $74.11.
In other news, COO Carin Stutz bought 715 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was purchased at an average price of $49.15 per share, with a total value of $35,142.25. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.66% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of RRGB. Winslow Evans & Crocker Inc. grew its holdings in Red Robin Gourmet Burgers by 100.0% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 2,000 shares of the restaurant operator’s stock valued at $113,000 after buying an additional 1,000 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Red Robin Gourmet Burgers by 6.4% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 1,871 shares of the restaurant operator’s stock valued at $122,000 after buying an additional 112 shares during the period. Daiwa Securities Group Inc. purchased a new stake in Red Robin Gourmet Burgers in the 3rd quarter valued at about $147,000. Advisor Group Inc. purchased a new stake in Red Robin Gourmet Burgers in the 2nd quarter valued at about $163,000. Finally, 361 Capital LLC purchased a new stake in Red Robin Gourmet Burgers in the 3rd quarter valued at about $212,000.
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About Red Robin Gourmet Burgers
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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