Red Robin Gourmet Burgers (RRGB) to Release Quarterly Earnings on Thursday

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) is projected to announce its Q1 2025 earnings results after the market closes on Thursday, May 29th. Analysts expect the company to announce earnings of ($0.58) per share and revenue of $388.77 million for the quarter. Red Robin Gourmet Burgers has set its FY 2025 guidance at EPS.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last released its earnings results on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.44). The company had revenue of $285.23 million for the quarter, compared to analysts' expectations of $285.20 million. During the same period last year, the firm posted ($0.66) EPS. On average, analysts expect Red Robin Gourmet Burgers to post $-3 EPS for the current fiscal year and $-2 EPS for the next fiscal year.

Red Robin Gourmet Burgers Stock Performance

Red Robin Gourmet Burgers stock traded up $0.17 during trading on Tuesday, reaching $3.34. The company had a trading volume of 220,045 shares, compared to its average volume of 424,094. Red Robin Gourmet Burgers has a 12-month low of $2.50 and a 12-month high of $9.20. The stock's 50 day moving average price is $3.10 and its two-hundred day moving average price is $4.53. The firm has a market capitalization of $58.85 million, a price-to-earnings ratio of -1.02 and a beta of 2.11.

Insider Buying and Selling at Red Robin Gourmet Burgers

In other Red Robin Gourmet Burgers news, CEO Gerard Johan Hart sold 11,997 shares of Red Robin Gourmet Burgers stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $4.46, for a total transaction of $53,506.62. Following the transaction, the chief executive officer now directly owns 586,737 shares of the company's stock, valued at $2,616,847.02. The trade was a 2.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 52,759 shares of company stock valued at $227,353 over the last ninety days. Corporate insiders own 3.19% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Red Robin Gourmet Burgers during the first quarter worth $61,000. Jane Street Group LLC acquired a new position in shares of Red Robin Gourmet Burgers during the first quarter worth $69,000. Finally, Goldman Sachs Group Inc. lifted its position in shares of Red Robin Gourmet Burgers by 38.8% during the first quarter. Goldman Sachs Group Inc. now owns 84,625 shares of the restaurant operator's stock worth $301,000 after purchasing an additional 23,638 shares in the last quarter. 84.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.