Red Robin Gourmet Burgers (RRGB) Projected to Post Earnings on Thursday

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) is anticipated to issue its Q1 2025 quarterly earnings data 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 issued its quarterly earnings data on Wednesday, February 26th. The restaurant operator reported ($0.94) earnings per share for the quarter, missing the consensus estimate of ($0.50) by ($0.44). The business had revenue of $285.23 million during the quarter, compared to the consensus estimate of $285.20 million. During the same quarter in the prior year, the firm earned ($0.66) earnings per share. 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 Up 3.6%

NASDAQ RRGB traded up $0.11 during trading hours on Friday, hitting $3.17. 143,165 shares of the company were exchanged, compared to its average volume of 423,658. The stock has a 50-day moving average price of $3.14 and a 200 day moving average price of $4.57. Red Robin Gourmet Burgers has a 52 week low of $2.50 and a 52 week high of $9.20. The stock has a market cap of $55.86 million, a PE ratio of -0.96 and a beta of 2.11.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Red Robin Gourmet Burgers news, CEO Gerard Johan Hart sold 8,627 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $4.16, for a total value of $35,888.32. Following the completion of the sale, the chief executive officer now owns 556,225 shares of the company's stock, valued at $2,313,896. This trade represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 52,759 shares of company stock valued at $227,353 over the last 90 days. Insiders own 3.19% of the company's stock.

Institutional Trading of Red Robin Gourmet Burgers

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd purchased a new stake in Red Robin Gourmet Burgers in the first quarter worth $61,000. Jane Street Group LLC bought a new position in Red Robin Gourmet Burgers in the 1st quarter worth about $69,000. Finally, Goldman Sachs Group Inc. grew 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. Hedge funds and other institutional investors own 84.04% of the company's stock.

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.