-$1.37 Earnings Per Share Expected for Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) This Quarter

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Brokerages expect Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to report earnings per share (EPS) of ($1.37) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Red Robin Gourmet Burgers’ earnings, with estimates ranging from ($1.56) to ($0.96). Red Robin Gourmet Burgers posted earnings per share of ($0.24) during the same quarter last year, which suggests a negative year over year growth rate of 470.8%. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 3rd.

On average, analysts expect that Red Robin Gourmet Burgers will report full year earnings of ($11.05) per share for the current year, with EPS estimates ranging from ($12.00) to ($10.32). For the next year, analysts forecast that the company will report earnings of ($1.53) per share, with EPS estimates ranging from ($2.05) to ($1.06). Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its quarterly earnings data on Tuesday, August 11th. The restaurant operator reported ($3.31) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($3.27) by ($0.04). The company had revenue of $161.12 million for the quarter, compared to the consensus estimate of $166.02 million. Red Robin Gourmet Burgers had a negative return on equity of 52.03% and a negative net margin of 22.56%. Red Robin Gourmet Burgers’s revenue for the quarter was down 47.7% compared to the same quarter last year. During the same period last year, the company earned $1.03 EPS.

RRGB has been the topic of a number of research analyst reports. Bank of America increased their price objective on shares of Red Robin Gourmet Burgers from $9.00 to $10.00 and gave the stock an “underperform” rating in a research report on Friday, June 12th. Morgan Stanley cut their price objective on shares of Red Robin Gourmet Burgers from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 12th. Wells Fargo & Company lowered their target price on shares of Red Robin Gourmet Burgers from $30.00 to $14.00 and set an “equal weight” rating on the stock in a report on Thursday, June 11th. Raymond James restated a “hold” rating on shares of Red Robin Gourmet Burgers in a report on Wednesday, August 12th. Finally, ValuEngine lowered shares of Red Robin Gourmet Burgers from a “strong-buy” rating to a “buy” rating in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $22.43.

Shares of RRGB stock traded down $0.28 on Monday, reaching $13.11. 1,138,558 shares of the company were exchanged, compared to its average volume of 932,520. The company has a market cap of $203.74 million, a price-to-earnings ratio of -0.71 and a beta of 2.53. The company has a 50-day moving average of $11.83 and a 200-day moving average of $11.24. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.52 and a quick ratio of 0.40. Red Robin Gourmet Burgers has a one year low of $4.04 and a one year high of $37.29.

A number of large investors have recently bought and sold shares of the business. Balyasny Asset Management LLC purchased a new stake in Red Robin Gourmet Burgers in the 2nd quarter valued at about $5,872,000. State Street Corp increased its stake in Red Robin Gourmet Burgers by 13.4% in the 1st quarter. State Street Corp now owns 438,386 shares of the restaurant operator’s stock valued at $3,735,000 after buying an additional 51,795 shares during the last quarter. Smith Graham & Co. Investment Advisors LP increased its stake in Red Robin Gourmet Burgers by 5.1% in the 2nd quarter. Smith Graham & Co. Investment Advisors LP now owns 301,889 shares of the restaurant operator’s stock valued at $3,079,000 after buying an additional 14,530 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Red Robin Gourmet Burgers by 103.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 238,694 shares of the restaurant operator’s stock valued at $2,435,000 after buying an additional 121,286 shares during the last quarter. Finally, Monashee Investment Management LLC purchased a new stake in Red Robin Gourmet Burgers in the 2nd quarter valued at about $2,091,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

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. The company's restaurants primarily offer burgers; various appetizers, salads, soups, seafood, and other entrees; and desserts, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

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

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