Red Robin Gourmet Burgers (NASDAQ:RRGB) Releases Quarterly Earnings Results, Beats Estimates By $0.76 EPS

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) issued its quarterly earnings data on Thursday. The restaurant operator reported $0.19 EPS for the quarter, topping the consensus estimate of ($0.57) by $0.76, Zacks reports. The business had revenue of $392.35 million for the quarter, compared to analyst estimates of $388.77 million. During the same period in the previous year, the business posted ($0.80) EPS. Red Robin Gourmet Burgers updated its FY 2025 guidance to EPS.

Red Robin Gourmet Burgers Stock Performance

NASDAQ:RRGB traded up $0.78 during mid-day trading on Monday, hitting $5.88. The stock had a trading volume of 4,617,670 shares, compared to its average volume of 563,517. Red Robin Gourmet Burgers has a twelve month low of $2.50 and a twelve month high of $9.20. The stock has a market cap of $103.61 million, a price-to-earnings ratio of -1.79 and a beta of 2.11. The company's 50 day simple moving average is $3.08 and its 200 day simple moving average is $4.50.

Analyst Ratings Changes

Several equities analysts recently issued reports on RRGB shares. Wall Street Zen lowered Red Robin Gourmet Burgers from a "hold" rating to a "sell" rating in a research report on Saturday, March 8th. CL King raised shares of Red Robin Gourmet Burgers from a "neutral" rating to a "buy" rating and set a $10.00 price target on the stock in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $13.38.

Insider Buying and Selling at Red Robin Gourmet Burgers

In other news, CEO Gerard Johan Hart sold 11,997 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $4.46, for a total value of $53,506.62. Following the transaction, the chief executive officer now owns 586,737 shares of the company's stock, valued at approximately $2,616,847.02. This represents a 2.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 52,759 shares of company stock worth $227,353 over the last 90 days. Company insiders own 3.19% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RRGB. Dynamic Technology Lab Private Ltd acquired a new stake in Red Robin Gourmet Burgers in the 1st quarter worth about $61,000. Goldman Sachs Group Inc. boosted its stake in shares of Red Robin Gourmet Burgers by 38.8% in the first quarter. Goldman Sachs Group Inc. now owns 84,625 shares of the restaurant operator's stock valued at $301,000 after buying an additional 23,638 shares during the period. Finally, Jane Street Group LLC acquired a new position in Red Robin Gourmet Burgers in the 1st quarter valued at $69,000. 84.04% of the stock is owned by institutional investors and hedge funds.

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.