Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) announced its quarterly earnings results on Wednesday. The restaurant operator reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of ($0.25) by $0.51, Zacks reports. The firm had revenue of $283.70 million during the quarter, compared to analysts' expectations of $279.17 million. Red Robin Gourmet Burgers updated its FY 2025 guidance to EPS.
Red Robin Gourmet Burgers Trading Down 0.1%
Shares of Red Robin Gourmet Burgers stock traded down $0.01 during mid-day trading on Tuesday, hitting $6.66. 342,593 shares of the stock were exchanged, compared to its average volume of 355,108. Red Robin Gourmet Burgers has a twelve month low of $2.50 and a twelve month high of $7.89. The stock has a market capitalization of $119.28 million, a price-to-earnings ratio of -1.96 and a beta of 2.50. The company has a 50-day simple moving average of $5.99 and a 200 day simple moving average of $4.71.
Wall Street Analysts Forecast Growth
Separately, Benchmark restated a "buy" rating and issued a $12.00 price target on shares of Red Robin Gourmet Burgers in a research report on Wednesday, July 16th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $12.38.
View Our Latest Stock Analysis on RRGB
Insider Activity
In other news, Director Anthony S. Ackil purchased 14,910 shares of the firm's stock in a transaction on Friday, June 20th. The shares were bought at an average cost of $5.03 per share, with a total value of $74,997.30. Following the purchase, the director directly owned 103,802 shares of the company's stock, valued at approximately $522,124.06. This trade represents a 16.77% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.64% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Red Robin Gourmet Burgers
Several hedge funds have recently modified their holdings of RRGB. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Red Robin Gourmet Burgers during the 1st quarter worth about $61,000. Goldman Sachs Group Inc. grew its holdings 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 valued at $301,000 after buying an additional 23,638 shares during the period. Jane Street Group LLC purchased a new stake in Red Robin Gourmet Burgers in the 1st quarter valued at about $69,000. JPMorgan Chase & Co. increased its stake in shares of Red Robin Gourmet Burgers by 5,671.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 133,041 shares of the restaurant operator's stock valued at $770,000 after acquiring an additional 130,736 shares during the last quarter. Finally, XTX Topco Ltd increased its stake in shares of 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 valued at $182,000 after acquiring an additional 17,679 shares during the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.
About Red Robin Gourmet Burgers
(
Get Free Report)
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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