Red Robin Gourmet Burgers (NASDAQ:RRGB) issued its earnings results on Tuesday. The restaurant operator reported ($0.24) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.02), Briefing.com reports. Red Robin Gourmet Burgers had a positive return on equity of 4.87% and a negative net margin of 0.82%. The company had revenue of $294.22 million during the quarter, compared to analysts’ expectations of $289.52 million. During the same period in the previous year, the company earned $0.16 EPS. Red Robin Gourmet Burgers’s quarterly revenue was down .2% on a year-over-year basis. Red Robin Gourmet Burgers updated its FY19 guidance to $0.64-0.99 EPS.
Shares of NASDAQ:RRGB traded down $0.24 during trading on Friday, hitting $26.68. The company’s stock had a trading volume of 288,008 shares, compared to its average volume of 338,330. The company has a debt-to-equity ratio of 1.85, a quick ratio of 0.28 and a current ratio of 0.42. Red Robin Gourmet Burgers has a fifty-two week low of $24.57 and a fifty-two week high of $36.85. The stock’s 50-day moving average price is $32.01 and its two-hundred day moving average price is $31.96. The company has a market capitalization of $414.57 million, a PE ratio of 15.42, a PEG ratio of 3.06 and a beta of 1.23.
Several equities research analysts have recently weighed in on RRGB shares. Bank of America downgraded Red Robin Gourmet Burgers from a “neutral” rating to an “underperform” rating and set a $30.00 target price for the company. in a research report on Tuesday, August 27th. Loop Capital decreased their target price on Red Robin Gourmet Burgers to $33.00 and set a “hold” rating for the company in a research report on Wednesday. Morgan Stanley upped their target price on Red Robin Gourmet Burgers from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Monday, August 26th. BidaskClub downgraded Red Robin Gourmet Burgers from a “hold” rating to a “sell” rating in a research report on Tuesday, September 24th. Finally, Raymond James reaffirmed a “hold” rating on shares of Red Robin Gourmet Burgers in a research report on Friday, September 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $34.00.
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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