Red Robin Gourmet Burgers (NASDAQ:RRGB) Releases Earnings Results, Beats Estimates By $0.51 EPS

Key Points

• Red Robin Gourmet Burgers reported earnings of $0.26 per share, exceeding estimates by $0.51, with revenue of $283.70 million compared to expected $279.17 million.
• After the earnings announcement, RRGB stock price rose to $6.08, and it currently has a market cap of $107.83 million.
• Analysts maintain a "Moderate Buy" consensus rating on Red Robin with an average price target of $12.38.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) announced its quarterly earnings data on Wednesday. The restaurant operator reported $0.26 earnings per share for the quarter, beating the consensus estimate of ($0.25) by $0.51, Zacks reports. The business had revenue of $283.70 million during the quarter, compared to analyst estimates of $279.17 million. Red Robin Gourmet Burgers updated its FY 2025 guidance to EPS.

Red Robin Gourmet Burgers Price Performance

RRGB stock traded up $0.08 during trading hours on Thursday, reaching $6.08. The stock had a trading volume of 1,163,027 shares, compared to its average volume of 609,313. The stock has a market capitalization of $107.83 million, a PE ratio of -1.44 and a beta of 2.50. The stock has a 50-day simple moving average of $5.97 and a 200 day simple moving average of $4.71. Red Robin Gourmet Burgers has a fifty-two week low of $2.50 and a fifty-two week high of $7.89.

Insider Buying and Selling

In related news, Director Anthony S. Ackil bought 14,910 shares of the business's stock in a transaction dated Friday, June 20th. The stock was bought at an average price of $5.03 per share, for a total transaction of $74,997.30. Following the purchase, the director owned 103,802 shares in the company, valued at $522,124.06. This represents a 16.77% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.64% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Red Robin Gourmet Burgers

Several hedge funds and other institutional investors have recently made changes to their positions in RRGB. Dynamic Technology Lab Private Ltd acquired a new stake in Red Robin Gourmet Burgers during the 1st quarter worth approximately $61,000. Jane Street Group LLC acquired a new stake in Red Robin Gourmet Burgers during the 1st quarter worth approximately $69,000. Occudo Quantitative Strategies LP acquired a new stake in Red Robin Gourmet Burgers during the 2nd quarter worth approximately $76,000. XTX Topco Ltd boosted its position in Red Robin Gourmet Burgers by 128.7% during the 2nd quarter. XTX Topco Ltd now owns 31,415 shares of the restaurant operator's stock worth $182,000 after buying an additional 17,679 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Red Robin Gourmet Burgers by 38.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 84,625 shares of the restaurant operator's stock worth $301,000 after buying an additional 23,638 shares during the period. 84.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Benchmark reiterated a "buy" rating and issued a $12.00 target price on shares of Red Robin Gourmet Burgers in a report on Wednesday, July 16th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $12.38.

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.

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