Red Robin Gourmet Burgers (RRGB) Scheduled to Post Quarterly Earnings on Wednesday

Red Robin Gourmet Burgers (NASDAQ:RRGB) will post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Red Robin Gourmet Burgers to post earnings of ($0.87) per share for the quarter. Red Robin Gourmet Burgers has set its FY 2024 guidance at EPS.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings data on Thursday, August 22nd. The restaurant operator reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.41) by ($0.07). The company had revenue of $300.15 million during the quarter, compared to analysts’ expectations of $295.57 million. During the same period in the prior year, the company posted ($0.24) earnings per share. On average, analysts expect Red Robin Gourmet Burgers to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Red Robin Gourmet Burgers Trading Up 0.8 %

Shares of Red Robin Gourmet Burgers stock opened at $6.09 on Thursday. The stock has a 50-day moving average price of $4.53 and a 200 day moving average price of $5.95. The company has a market cap of $95.92 million, a P/E ratio of -2.31 and a beta of 2.75. Red Robin Gourmet Burgers has a 1 year low of $2.97 and a 1 year high of $12.80.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Benchmark reduced their price objective on Red Robin Gourmet Burgers from $18.00 to $16.00 and set a “buy” rating for the company in a research note on Tuesday, August 20th. Craig Hallum cut their price target on Red Robin Gourmet Burgers from $15.00 to $11.50 and set a “buy” rating for the company in a research note on Friday, August 23rd. Finally, Lake Street Capital cut their price target on Red Robin Gourmet Burgers from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, August 23rd.

About Red Robin Gourmet Burgers

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises casual-dining restaurants, in North America and one Canadian province. Its restaurants primarily offer burgers and pizza, appetizers, salads, soups, other entrees, desserts, wings, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.