Research Analysts Set Expectations for Red Robin Gourmet Burgers, Inc.’s Q2 2017 Earnings (RRGB)

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Jefferies Group decreased their Q2 2017 earnings per share estimates for shares of Red Robin Gourmet Burgers in a research note issued to investors on Tuesday. Jefferies Group analyst A. Slagle now expects that the restaurant operator will earn $0.44 per share for the quarter, down from their prior estimate of $0.49. Jefferies Group has a “Hold” rating and a $52.00 price target on the stock. Jefferies Group also issued estimates for Red Robin Gourmet Burgers’ Q3 2017 earnings at $0.37 EPS.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings data on Tuesday, May 16th. The restaurant operator reported $0.89 EPS for the quarter, topping the consensus estimate of $0.58 by $0.31. The company had revenue of $418.60 million during the quarter, compared to the consensus estimate of $416.48 million. Red Robin Gourmet Burgers had a net margin of 2.49% and a return on equity of 11.87%. The company’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.27 EPS.

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A number of other brokerages also recently commented on RRGB. TheStreet upgraded Red Robin Gourmet Burgers from a “c” rating to a “buy” rating in a report on Thursday. Stephens reaffirmed an “overweight” rating and issued a $75.00 price target on shares of Red Robin Gourmet Burgers in a research note on Wednesday, February 22nd. Zacks Investment Research raised Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating and set a $80.00 price target on the stock in a research note on Friday. Maxim Group reaffirmed a “buy” rating and issued a $80.00 price target (up from $75.00) on shares of Red Robin Gourmet Burgers in a research note on Wednesday. Finally, Standpoint Research cut Red Robin Gourmet Burgers from a “buy” rating to a “hold” rating in a research note on Tuesday, March 28th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Red Robin Gourmet Burgers currently has a consensus rating of “Buy” and an average target price of $68.88.

Shares of Red Robin Gourmet Burgers (NASDAQ:RRGB) opened at 72.95 on Thursday. Red Robin Gourmet Burgers has a 12 month low of $40.85 and a 12 month high of $74.11. The stock’s 50 day moving average is $59.66 and its 200 day moving average is $53.40. The firm has a market cap of $938.94 million, a P/E ratio of 106.96 and a beta of 0.85.

Large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Red Robin Gourmet Burgers by 43,842.6% in the first 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 during the last quarter. Dimensional Fund Advisors LP boosted its stake in Red Robin Gourmet Burgers by 29.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,084,203 shares of the restaurant operator’s stock worth $63,371,000 after buying an additional 246,178 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Red Robin Gourmet Burgers by 6.0% in the third quarter. BlackRock Fund Advisors now owns 927,184 shares of the restaurant operator’s stock worth $41,668,000 after buying an additional 52,666 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Red Robin Gourmet Burgers by 772.5% in the first quarter. Ameriprise Financial Inc. now owns 770,351 shares of the restaurant operator’s stock worth $45,027,000 after buying an additional 682,062 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Red Robin Gourmet Burgers by 4.9% in the first quarter. Vanguard Group Inc. now owns 668,118 shares of the restaurant operator’s stock worth $39,052,000 after buying an additional 30,946 shares in the last quarter.

In other news, CFO Guy J. Constant purchased 5,000 shares of Red Robin Gourmet Burgers stock in a transaction that occurred on Friday, February 24th. The shares were bought at an average cost of $47.30 per share, with a total value of $236,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.66% of the stock is owned by corporate insiders.

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.

12 Month Chart for NASDAQ:RRGB

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