Equities research analysts predict that Red Robin (NASDAQ:RRGB) will report $430.40 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Red Robin’s earnings, with the highest sales estimate coming in at $434.82 million and the lowest estimate coming in at $425.08 million. Red Robin posted sales of $418.56 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.8%. The company is scheduled to announce its next earnings results on Tuesday, May 15th.
On average, analysts expect that Red Robin will report full-year sales of $1.38 billion for the current fiscal year, with estimates ranging from $1.38 billion to $1.39 billion. For the next fiscal year, analysts anticipate that the business will post sales of $1.40 billion per share, with estimates ranging from $1.39 billion to $1.41 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Red Robin.
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Red Robin (NASDAQ:RRGB) last released its earnings results on Thursday, February 22nd. The restaurant operator reported $0.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.24. Red Robin had a net margin of 2.17% and a return on equity of 8.63%. The firm had revenue of $342.35 million during the quarter, compared to analyst estimates of $330.51 million. During the same period last year, the business earned $0.35 earnings per share. The business’s revenue was up 17.5% on a year-over-year basis.
RRGB has been the subject of several recent research reports. BidaskClub lowered shares of Red Robin from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of Red Robin from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Morgan Stanley restated an “equal weight” rating and issued a $56.00 price objective (down from $57.00) on shares of Red Robin in a report on Monday, February 26th. Canaccord Genuity restated a “buy” rating and issued a $75.00 price objective on shares of Red Robin in a report on Friday, April 20th. Finally, Stifel Nicolaus boosted their price objective on shares of Red Robin from $60.00 to $65.00 and gave the stock a “hold” rating in a report on Wednesday, April 18th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Red Robin currently has an average rating of “Buy” and an average target price of $66.91.
In related news, Director Richard J. Howell sold 3,416 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $62.79, for a total value of $214,490.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Pattye L. Moore sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $57.98, for a total transaction of $86,970.00. Following the completion of the transaction, the director now owns 3,047 shares of the company’s stock, valued at $176,665.06. The disclosure for this sale can be found here. 2.66% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of the business. Winslow Evans & Crocker Inc. grew its position in Red Robin by 100.0% in the 4th quarter. Winslow Evans & Crocker Inc. now owns 2,000 shares of the restaurant operator’s stock worth $113,000 after purchasing an additional 1,000 shares during the period. Swiss National Bank grew its position in Red Robin by 4.7% in the 1st quarter. Swiss National Bank now owns 22,500 shares of the restaurant operator’s stock worth $1,305,000 after purchasing an additional 1,000 shares during the period. OppenheimerFunds Inc. grew its position in Red Robin by 8.6% in the 4th quarter. OppenheimerFunds Inc. now owns 16,298 shares of the restaurant operator’s stock worth $919,000 after purchasing an additional 1,288 shares during the period. New York State Teachers Retirement System grew its position in Red Robin by 3.5% in the 1st quarter. New York State Teachers Retirement System now owns 38,500 shares of the restaurant operator’s stock worth $2,233,000 after purchasing an additional 1,300 shares during the period. Finally, Geode Capital Management LLC grew its position in Red Robin by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 116,117 shares of the restaurant operator’s stock worth $6,548,000 after purchasing an additional 1,338 shares during the period.
Shares of RRGB stock traded down $0.30 during trading hours on Tuesday, hitting $59.65. 294,419 shares of the company’s stock traded hands, compared to its average volume of 207,720. Red Robin has a 12-month low of $45.70 and a 12-month high of $74.11. The firm has a market capitalization of $773.72, a price-to-earnings ratio of 23.96, a PEG ratio of 2.32 and a beta of 0.30. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.47 and a current ratio of 0.65.
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.
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