Red Robin (RRGB) Releases Earnings Results

Red Robin (NASDAQ:RRGB) issued its earnings results on Tuesday. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.07), Bloomberg Earnings reports. Red Robin had a return on equity of 8.63% and a net margin of 2.17%. The company had revenue of $421.50 million during the quarter, compared to analyst estimates of $427.01 million. During the same period last year, the business earned $0.89 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. Red Robin updated its Q2 guidance to $0.55-$0.75 EPS.

Shares of NASDAQ:RRGB traded down $2.75 during midday trading on Tuesday, reaching $57.95. 977,500 shares of the company’s stock were exchanged, compared to its average volume of 300,289. The company has a current ratio of 0.65, a quick ratio of 0.47 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $780.23 million, a price-to-earnings ratio of 23.61, a PEG ratio of 2.32 and a beta of 0.30. Red Robin has a fifty-two week low of $45.70 and a fifty-two week high of $73.75.

In other Red Robin news, Director Richard J. Howell sold 3,416 shares of Red Robin stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $62.79, for a total value of $214,490.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Pattye L. Moore sold 1,500 shares of Red Robin stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $57.98, for a total value of $86,970.00. Following the completion of the transaction, the director now directly owns 3,047 shares of the company’s stock, valued at $176,665.06. The disclosure for this sale can be found here. Insiders own 1.64% of the company’s stock.

A number of analysts recently issued reports on RRGB shares. BidaskClub downgraded Red Robin from a “hold” rating to a “sell” rating in a research report on Tuesday, January 23rd. Maxim Group raised Red Robin from a “hold” rating to a “buy” rating and raised their price objective for the stock from $60.00 to $71.00 in a research report on Wednesday, May 16th. Canaccord Genuity reissued a “buy” rating and set a $75.00 price objective on shares of Red Robin in a research report on Friday, April 20th. TheStreet raised Red Robin from a “c+” rating to a “b” rating in a research report on Thursday, April 26th. Finally, ValuEngine downgraded Red Robin from a “hold” rating to a “sell” rating in a research report on Friday. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $68.20.

About Red Robin

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.

Earnings History for Red Robin (NASDAQ:RRGB)

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