Red Robin Gourmet Burgers, Inc. Forecasted to Post Q1 2019 Earnings of $0.78 Per Share (RRGB)

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Investment analysts at Jefferies Financial Group issued their Q1 2019 earnings estimates for shares of Red Robin Gourmet Burgers in a report released on Wednesday, November 7th. Jefferies Financial Group analyst A. Slagle expects that the restaurant operator will earn $0.78 per share for the quarter. Jefferies Financial Group also issued estimates for Red Robin Gourmet Burgers’ Q2 2019 earnings at $0.43 EPS, Q3 2019 earnings at $0.22 EPS and Q4 2019 earnings at $0.43 EPS.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its earnings results on Tuesday, November 6th. The restaurant operator reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.04. Red Robin Gourmet Burgers had a return on equity of 6.98% and a net margin of 0.95%. The firm had revenue of $294.90 million for the quarter, compared to analysts’ expectations of $304.11 million. During the same quarter in the previous year, the company earned $0.21 earnings per share. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year.

Several other brokerages have also recently commented on RRGB. Wells Fargo & Co dropped their target price on Red Robin Gourmet Burgers from $54.00 to $42.00 and set a “market perform” rating on the stock in a report on Thursday, August 2nd. Morgan Stanley dropped their target price on Red Robin Gourmet Burgers from $52.00 to $47.00 and set an “equal weight” rating on the stock in a report on Friday, August 3rd. Loop Capital started coverage on Red Robin Gourmet Burgers in a report on Friday, November 2nd. They set a “hold” rating and a $35.00 target price on the stock. Zacks Investment Research cut Red Robin Gourmet Burgers from a “hold” rating to a “strong sell” rating in a report on Monday, August 6th. Finally, Maxim Group dropped their target price on Red Robin Gourmet Burgers from $54.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, November 2nd. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Red Robin Gourmet Burgers currently has a consensus rating of “Hold” and a consensus price target of $48.67.

Shares of NASDAQ:RRGB opened at $34.90 on Thursday. Red Robin Gourmet Burgers has a 12 month low of $30.02 and a 12 month high of $67.10. The company has a market cap of $430.70 million, a P/E ratio of 14.02, a PEG ratio of 1.80 and a beta of 0.58. The company has a current ratio of 0.55, a quick ratio of 0.35 and a debt-to-equity ratio of 0.59.

A number of institutional investors have recently bought and sold shares of RRGB. Voya Investment Management LLC grew its position in Red Robin Gourmet Burgers by 94.2% in the second quarter. Voya Investment Management LLC now owns 398,125 shares of the restaurant operator’s stock worth $18,553,000 after buying an additional 193,143 shares during the last quarter. BlackRock Inc. grew its position in Red Robin Gourmet Burgers by 7.8% in the second quarter. BlackRock Inc. now owns 1,769,762 shares of the restaurant operator’s stock worth $82,473,000 after buying an additional 128,501 shares during the last quarter. American Century Companies Inc. grew its position in Red Robin Gourmet Burgers by 47.7% in the second quarter. American Century Companies Inc. now owns 385,010 shares of the restaurant operator’s stock worth $17,941,000 after buying an additional 124,351 shares during the last quarter. Foundry Partners LLC acquired a new position in Red Robin Gourmet Burgers in the third quarter worth approximately $4,794,000. Finally, GMT Capital Corp acquired a new position in Red Robin Gourmet Burgers in the second quarter worth approximately $4,804,000.

Red Robin Gourmet Burgers Company Profile

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

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