Red Robin Gourmet Burgers (NASDAQ:RRGB) Announces Earnings Results

Red Robin Gourmet Burgers (NASDAQ:RRGB) announced its earnings results on Monday. The restaurant operator reported ($0.70) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.78) by $0.08, Zacks reports. The business had revenue of $265.13 million for the quarter, compared to analyst estimates of $256.75 million. Red Robin Gourmet Burgers updated its FY 2025 guidance to EPS.

Red Robin Gourmet Burgers Stock Down 5.6%

Shares of RRGB stock opened at $4.44 on Wednesday. The business has a fifty day simple moving average of $6.29 and a 200 day simple moving average of $5.62. The company has a market cap of $79.50 million, a P/E ratio of -1.30 and a beta of 2.55. Red Robin Gourmet Burgers has a twelve month low of $2.50 and a twelve month high of $7.89.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Zacks Research downgraded Red Robin Gourmet Burgers from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of Red Robin Gourmet Burgers in a report on Wednesday, October 8th. Finally, Benchmark restated a “buy” rating and issued a $12.00 price target on shares of Red Robin Gourmet Burgers in a research report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.00.

Insider Transactions at Red Robin Gourmet Burgers

In other Red Robin Gourmet Burgers news, Director Christopher Ross Martin bought 34,649 shares of the stock in a transaction on Friday, August 22nd. The stock was purchased at an average price of $6.29 per share, with a total value of $217,942.21. Following the completion of the purchase, the director owned 1,667,906 shares in the company, valued at $10,491,128.74. The trade was a 2.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 2.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

Several hedge funds and other institutional investors have recently made changes to their positions in RRGB. Headlands Technologies LLC acquired a new stake in Red Robin Gourmet Burgers in the second quarter valued at approximately $202,000. JPMorgan Chase & Co. lifted its stake in shares of Red Robin Gourmet Burgers by 5,671.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 133,041 shares of the restaurant operator’s stock valued at $770,000 after acquiring an additional 130,736 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Red Robin Gourmet Burgers by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 752,809 shares of the restaurant operator’s stock valued at $5,164,000 after acquiring an additional 10,735 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Red Robin Gourmet Burgers by 1.5% during the 2nd quarter. Bank of America Corp DE now owns 182,565 shares of the restaurant operator’s stock valued at $1,057,000 after acquiring an additional 2,697 shares in the last quarter. Finally, Jump Financial LLC grew its position in Red Robin Gourmet Burgers by 405.5% during the 2nd quarter. Jump Financial LLC now owns 52,731 shares of the restaurant operator’s stock worth $305,000 after acquiring an additional 42,300 shares during the last quarter. 84.04% of the stock is owned by institutional investors.

About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises casual-dining restaurants, in North America and one Canadian province. Its restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.