Equities Analysts Offer Predictions for Red Robin Gourmet Burgers, Inc.’s Q1 2019 Earnings (RRGB)

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Stock analysts at Jefferies Financial Group issued their Q1 2019 earnings per share estimates for Red Robin Gourmet Burgers in a research report issued to clients and investors on Wednesday, November 7th. Jefferies Financial Group analyst A. Slagle expects that the restaurant operator will post earnings per share of $0.78 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.

Other analysts have also recently issued research reports about the stock. Bank of America dropped their price objective on shares of Red Robin Gourmet Burgers from $64.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, August 2nd. Maxim Group dropped their price objective on shares of Red Robin Gourmet Burgers from $68.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, August 2nd. Morgan Stanley dropped their price objective on shares of Red Robin Gourmet Burgers from $52.00 to $47.00 and set an “equal weight” rating for the company in a research note on Friday, August 3rd. Canaccord Genuity reaffirmed a “hold” rating and set a $42.00 price objective on shares of Red Robin Gourmet Burgers in a research note on Wednesday, August 22nd. Finally, BidaskClub raised shares of Red Robin Gourmet Burgers from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $48.67.

Shares of NASDAQ RRGB opened at $34.89 on Thursday. Red Robin Gourmet Burgers has a 12-month low of $30.02 and a 12-month high of $67.10. The stock has a market cap of $430.70 million, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 1.80 and a beta of 0.58. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.55 and a quick ratio of 0.35.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last released its earnings results on Tuesday, November 6th. The restaurant operator reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Red Robin Gourmet Burgers had a net margin of 0.95% and a return on equity of 6.98%. The business had revenue of $294.90 million during 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 company’s quarterly revenue was down 3.5% on a year-over-year basis.

Institutional investors have recently bought and sold shares of the company. Piedmont Investment Advisors LLC purchased a new stake in shares of Red Robin Gourmet Burgers in the 2nd quarter valued at approximately $141,000. Winslow Evans & Crocker Inc. grew its stake in shares of Red Robin Gourmet Burgers by 75.0% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 3,500 shares of the restaurant operator’s stock valued at $164,000 after buying an additional 1,500 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Red Robin Gourmet Burgers in the 2nd quarter valued at approximately $207,000. SG Americas Securities LLC purchased a new stake in shares of Red Robin Gourmet Burgers in the 2nd quarter valued at approximately $220,000. Finally, Bessemer Group Inc. grew its stake in shares of Red Robin Gourmet Burgers by 239.3% in the 2nd quarter. Bessemer Group Inc. now owns 9,500 shares of the restaurant operator’s stock valued at $443,000 after buying an additional 6,700 shares during the period.

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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