Red Robin Gourmet Burgers (NASDAQ:RRGB) Posts Earnings Results, Beats Expectations By $0.76 EPS

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) announced its earnings results on Thursday. The restaurant operator reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.57) by $0.76, Zacks reports. The firm had revenue of $392.35 million for the quarter, compared to the consensus estimate of $388.77 million. During the same period in the prior year, the business earned ($0.80) EPS. Red Robin Gourmet Burgers updated its FY 2025 guidance to EPS.

Red Robin Gourmet Burgers Stock Up 62.9%

Shares of NASDAQ RRGB traded up $1.97 during mid-day trading on Friday, hitting $5.10. 32,436,471 shares of the company traded hands, compared to its average volume of 549,598. Red Robin Gourmet Burgers has a 1 year low of $2.50 and a 1 year high of $9.20. The stock has a market capitalization of $89.87 million, a price-to-earnings ratio of -1.55 and a beta of 2.11. The business has a 50 day moving average of $3.08 and a two-hundred day moving average of $4.51.

Insider Activity

In related news, CEO Gerard Johan Hart sold 11,997 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $4.46, for a total value of $53,506.62. Following the completion of the sale, the chief executive officer now directly owns 586,737 shares of the company's stock, valued at approximately $2,616,847.02. This represents a 2.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 52,759 shares of company stock valued at $227,353 over the last three months. Insiders own 3.19% of the company's stock.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

Several hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its stake in Red Robin Gourmet Burgers by 38.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 84,625 shares of the restaurant operator's stock worth $301,000 after acquiring an additional 23,638 shares in the last quarter. Jane Street Group LLC purchased a new stake in Red Robin Gourmet Burgers in the 1st quarter worth about $69,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Red Robin Gourmet Burgers in the 1st quarter worth about $61,000. 84.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. CL King raised Red Robin Gourmet Burgers from a "neutral" rating to a "buy" rating and set a $10.00 target price for the company in a research note on Thursday, February 27th. Wall Street Zen downgraded Red Robin Gourmet Burgers from a "hold" rating to a "sell" rating in a report on Saturday, March 8th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $13.38.

Red Robin Gourmet Burgers Company Profile

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.