Red Robin Gourmet Burgers, Inc. (RRGB) Expected to Post Quarterly Sales of $415.71 Million

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Wall Street brokerages expect Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to announce sales of $415.71 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Red Robin Gourmet Burgers’ earnings, with the highest sales estimate coming in at $417.92 million and the lowest estimate coming in at $413.99 million. Red Robin Gourmet Burgers reported sales of $421.52 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 1.4%. The firm is expected to report its next earnings report on Tuesday, May 28th.

According to Zacks, analysts expect that Red Robin Gourmet Burgers will report full-year sales of $1.33 billion for the current fiscal year, with estimates ranging from $1.33 billion to $1.34 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.34 billion, with estimates ranging from $1.33 billion to $1.35 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its earnings results on Tuesday, February 26th. The restaurant operator reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Red Robin Gourmet Burgers had a positive return on equity of 5.77% and a negative net margin of 0.48%. The company had revenue of $306.78 million for the quarter, compared to analysts’ expectations of $308.03 million. During the same period last year, the business earned $0.78 EPS. Red Robin Gourmet Burgers’s quarterly revenue was down 10.8% compared to the same quarter last year.

RRGB has been the subject of a number of analyst reports. BidaskClub raised Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research report on Thursday, November 22nd. ValuEngine raised Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research report on Thursday, January 17th. Zacks Investment Research raised Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research report on Wednesday, January 9th. Jefferies Financial Group lowered Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating in a research report on Wednesday, December 19th. Finally, Maxim Group lowered Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating and lowered their price target for the company from $46.00 to $29.00 in a research report on Wednesday, February 27th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. Red Robin Gourmet Burgers has an average rating of “Hold” and an average price target of $43.70.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY increased its position in shares of Red Robin Gourmet Burgers by 461.2% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,731 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 3,888 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new stake in shares of Red Robin Gourmet Burgers during the 4th quarter valued at $132,000. Pacer Advisors Inc. increased its position in shares of Red Robin Gourmet Burgers by 215.1% during the 3rd quarter. Pacer Advisors Inc. now owns 3,633 shares of the restaurant operator’s stock valued at $146,000 after purchasing an additional 2,480 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Red Robin Gourmet Burgers during the 4th quarter valued at $175,000. Finally, Texas Permanent School Fund increased its position in shares of Red Robin Gourmet Burgers by 3.9% during the 4th quarter. Texas Permanent School Fund now owns 8,493 shares of the restaurant operator’s stock valued at $227,000 after purchasing an additional 315 shares during the last quarter.

Shares of RRGB traded up $0.16 during trading hours on Friday, reaching $28.85. The stock had a trading volume of 147,623 shares, compared to its average volume of 235,367. Red Robin Gourmet Burgers has a 12 month low of $25.46 and a 12 month high of $67.10. The company has a quick ratio of 0.42, a current ratio of 0.58 and a debt-to-equity ratio of 0.53. The stock has a market cap of $371.97 million, a P/E ratio of 16.58, a P/E/G ratio of 2.08 and a beta of 0.86.

About Red Robin Gourmet Burgers

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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