Equities analysts expect Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) to post sales of $307.09 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Red Robin Gourmet Burgers’ earnings, with estimates ranging from $304.44 million to $309.51 million. Red Robin Gourmet Burgers posted sales of $315.39 million in the same quarter last year, which suggests a negative year-over-year growth rate of 2.6%. The company is scheduled to report its next quarterly earnings report on Tuesday, August 20th.
On average, analysts expect that Red Robin Gourmet Burgers will report full-year sales of $1.31 billion for the current financial year, with estimates ranging from $1.31 billion to $1.33 billion. For the next financial year, analysts expect that the business will post sales of $1.31 billion, with estimates ranging from $1.30 billion to $1.33 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Red Robin Gourmet Burgers.
Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings results on Thursday, May 30th. The restaurant operator reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.29). Red Robin Gourmet Burgers had a negative net margin of 0.77% and a positive return on equity of 4.14%. The company had revenue of $409.87 million during the quarter, compared to analyst estimates of $408.98 million. During the same period in the previous year, the firm posted $0.69 earnings per share. The company’s revenue was down 2.8% compared to the same quarter last year.
NASDAQ:RRGB traded down $0.85 during trading hours on Thursday, reaching $32.17. The company had a trading volume of 294,700 shares, compared to its average volume of 362,754. Red Robin Gourmet Burgers has a 1-year low of $24.57 and a 1-year high of $42.50. The company has a market capitalization of $450.31 million, a price-to-earnings ratio of 18.60, a PEG ratio of 2.87 and a beta of 1.15. The stock has a 50 day moving average price of $31.85. The company has a debt-to-equity ratio of 1.90, a quick ratio of 0.30 and a current ratio of 0.44.
In other Red Robin Gourmet Burgers news, Director Glenn B. Kaufman acquired 1,000 shares of the business’s stock in a transaction dated Monday, June 10th. The stock was acquired at an average cost of $26.50 per share, for a total transaction of $26,500.00. Following the completion of the transaction, the director now directly owns 29,733 shares of the company’s stock, valued at $787,924.50. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Vintage Capital Management Llc acquired 203,336 shares of the business’s stock in a transaction dated Friday, May 31st. The stock was acquired at an average price of $25.97 per share, with a total value of $5,280,635.92. The disclosure for this purchase can be found here. Insiders bought 206,336 shares of company stock valued at $5,359,136 over the last 90 days. Company insiders own 2.08% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Kavar Capital Partners LLC acquired a new stake in shares of Red Robin Gourmet Burgers in the 2nd quarter valued at approximately $31,000. Aperio Group LLC acquired a new stake in shares of Red Robin Gourmet Burgers in the 2nd quarter valued at approximately $153,000. Eidelman Virant Capital acquired a new stake in shares of Red Robin Gourmet Burgers in the 2nd quarter valued at approximately $244,000. GMT Capital Corp lifted its holdings in shares of Red Robin Gourmet Burgers by 239.5% in the 1st quarter. GMT Capital Corp now owns 103,095 shares of the restaurant operator’s stock valued at $2,970,000 after buying an additional 72,731 shares during the period. Finally, B. Riley Financial Inc. acquired a new stake in shares of Red Robin Gourmet Burgers in the 1st quarter valued at approximately $432,000.
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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