Analysts expect Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to post earnings of $0.29 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Red Robin Gourmet Burgers’ earnings, with estimates ranging from $0.27 to $0.33. Red Robin Gourmet Burgers posted earnings of $0.38 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 23.7%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Red Robin Gourmet Burgers will report full year earnings of $2.82 per share for the current financial year, with EPS estimates ranging from $2.80 to $2.86. For the next financial year, analysts anticipate that the company will post earnings of $3.34 per share, with EPS estimates ranging from $3.21 to $3.50. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last issued its quarterly earnings results on Tuesday, August 8th. The restaurant operator reported $0.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.10. The company had revenue of $315.80 million for the quarter, compared to the consensus estimate of $315.69 million. Red Robin Gourmet Burgers had a net margin of 0.64% and a return on equity of 8.00%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS.

Several research firms recently commented on RRGB. Stephens reiterated an “overweight” rating and issued a $75.00 price objective on shares of Red Robin Gourmet Burgers in a report on Friday, May 19th. BidaskClub downgraded Red Robin Gourmet Burgers from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Raymond James Financial, Inc. reiterated a “strong-buy” rating and issued a $85.00 price objective on shares of Red Robin Gourmet Burgers in a report on Tuesday, July 25th. Maxim Group reissued a “buy” rating and issued a $75.00 target price on shares of Red Robin Gourmet Burgers in a research report on Wednesday, August 9th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $62.00 target price on shares of Red Robin Gourmet Burgers in a research report on Wednesday, May 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Red Robin Gourmet Burgers has a consensus rating of “Hold” and a consensus price target of $73.40.

Shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) traded down 0.871% during trading on Monday, hitting $59.775. 1,461 shares of the company were exchanged. Red Robin Gourmet Burgers has a 1-year low of $40.85 and a 1-year high of $74.11. The stock has a market capitalization of $772.71 million, a PE ratio of 92.674 and a beta of 0.63. The company has a 50 day moving average of $58.44 and a 200-day moving average of $60.24.

In related news, CFO Guy J. Constant acquired 2,500 shares of the stock in a transaction dated Monday, August 14th. The shares were purchased at an average cost of $58.88 per share, with a total value of $147,200.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.66% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of RRGB. BlackRock Inc. lifted its position in shares of Red Robin Gourmet Burgers by 43,842.6% during the 1st quarter. BlackRock Inc. now owns 1,561,279 shares of the restaurant operator’s stock valued at $91,256,000 after buying an additional 1,557,726 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Red Robin Gourmet Burgers by 772.5% during the 1st quarter. Ameriprise Financial Inc. now owns 770,351 shares of the restaurant operator’s stock valued at $45,027,000 after buying an additional 682,062 shares in the last quarter. Daruma Capital Management LLC lifted its position in shares of Red Robin Gourmet Burgers by 225.6% during the 2nd quarter. Daruma Capital Management LLC now owns 856,225 shares of the restaurant operator’s stock valued at $55,869,000 after buying an additional 593,278 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Red Robin Gourmet Burgers by 29.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,084,203 shares of the restaurant operator’s stock valued at $63,371,000 after buying an additional 246,178 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Red Robin Gourmet Burgers by 2,125.9% during the 1st quarter. Wells Fargo & Company MN now owns 212,862 shares of the restaurant operator’s stock valued at $12,442,000 after buying an additional 203,299 shares in the last quarter.

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About Red Robin Gourmet Burgers

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.

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