Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) posted its earnings results on Tuesday. The restaurant operator reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.10, Briefing.com reports. Red Robin Gourmet Burgers had a net margin of 0.69% and a return on equity of 8.73%. The business had revenue of $315.80 million for the quarter, compared to analysts’ expectations of $315.69 million. During the same period in the previous year, the company posted $0.75 earnings per share. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. Red Robin Gourmet Burgers updated its Q3 guidance to $0.20-$0.30 EPS.

A number of research analysts have recently commented on the stock. Stephens reissued an “overweight” rating and set a $75.00 target price on shares of Red Robin Gourmet Burgers in a research report on Friday, May 19th. BidaskClub cut shares of Red Robin Gourmet Burgers from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Maxim Group boosted their target price on shares of Red Robin Gourmet Burgers from $70.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, May 11th. Raymond James Financial, Inc. reissued a “strong-buy” rating and set a $85.00 target price on shares of Red Robin Gourmet Burgers in a research report on Tuesday, July 25th. Finally, Canaccord Genuity reissued a “hold” rating and set a $62.00 target price on shares of Red Robin Gourmet Burgers in a research report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $72.80.

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In other news, Director Robert Blaine Aiken, Jr. sold 2,946 shares of the stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $71.80, for a total value of $211,522.80. Following the completion of the sale, the director now directly owns 6,547 shares of the company’s stock, valued at $470,074.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Glenn B. Kaufman sold 4,000 shares of the stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $72.25, for a total value of $289,000.00. The disclosure for this sale can be found here. 2.66% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of RRGB. BNP Paribas Arbitrage SA boosted its stake in Red Robin Gourmet Burgers by 1.2% in the first quarter. BNP Paribas Arbitrage SA now owns 4,218 shares of the restaurant operator’s stock valued at $247,000 after buying an additional 51 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Red Robin Gourmet Burgers by 6.0% in the first quarter. Bank of New York Mellon Corp now owns 188,655 shares of the restaurant operator’s stock valued at $11,026,000 after buying an additional 10,742 shares in the last quarter. First Trust Advisors LP acquired a new stake in Red Robin Gourmet Burgers during the first quarter valued at $589,000. Wedge Capital Management L L P NC boosted its stake in Red Robin Gourmet Burgers by 10.0% in the first quarter. Wedge Capital Management L L P NC now owns 374,288 shares of the restaurant operator’s stock valued at $21,877,000 after buying an additional 34,090 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in Red Robin Gourmet Burgers by 4.6% in the first quarter. Great West Life Assurance Co. Can now owns 17,280 shares of the restaurant operator’s stock valued at $1,009,000 after buying an additional 763 shares in the last quarter.

Red Robin Gourmet Burgers Company Profile

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.

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

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