Red Robin Gourmet Burgers Company Profile (NASDAQ:RRGB)

Red Robin Gourmet Burgers trades on the NASDAQ under the ticker symbol "RRGB."

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) released its quarterly earnings results on Tuesday, May, 16th. The company reported $0.89 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.58 by $0.31. The company had revenue of $418.60 million for the quarter, compared to analysts' expectations of $416.48 million. Red Robin Gourmet Burgers had a return on equity of 11.87% and a net margin of 2.49%. The business's quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.27 earnings per share. View Red Robin Gourmet Burgers' Earnings History.

Red Robin Gourmet Burgers issued an update on its FY17 earnings guidance on Tuesday, May, 16th. The company provided earnings per share guidance of $2.80-3.10 for the period, compared to the Thomson Reuters consensus estimate of $2.76.

8 analysts have issued 1 year target prices for Red Robin Gourmet Burgers' shares. Their predictions range from $52.00 to $80.00. On average, they expect Red Robin Gourmet Burgers' stock price to reach $68.71 in the next twelve months. View Analyst Ratings for Red Robin Gourmet Burgers.

Here are some recent quotes from research analysts about Red Robin Gourmet Burgers stock:

• 1. Maxim Group analysts commented, "We maintain our Buy rating and $80 price target on Red Robin Gourmet Burgers (RRGB) following the company’s investor day conference held earlier today in Denver. We believe the key points from the conference were as follows: (1) focusing on margin expansion; (2) increasing off-premise sales; (3) shifting development toward franchising and away from malls; and (4) boosting shareholder returns." (5/23/2017)
• 2. According to Zacks Investment Research, "Red Robin’s shares have outpaced the Zacks classified Retail-Restaurants industry over the past three months. The company’s first-quarter 2017 adjusted earnings of $0.89 per share topped the Zacks Consensus Estimate by 53.4% but fell 29.9% year over year due to lower comps and margins. Revenues rose 4.1% year over year to $418.6 million and beat the consensus mark by 0.4%. It also raised its earnings guidance for 2017. However, Red Robin expects the current challenging operating environment to continue affecting business in the first-half 2017. Even so, initiatives undertaken to improve sales and regain market share as the year progresses, bodes well. Efforts to strengthen the brand via menu innovation, remodeling programs and continued focus on off-premise, online ordering business are encouraging. Yet, a slowdown in company’s 2017 unit growth plan could weigh on its revenues while higher labor costs are likely to hurt profits." (5/19/2017)
• 3. Canaccord Genuity analysts commented, "We also note that guidance implies hockey-stick performance in 2H17. We are increasing our PT to $62 (from $52), which is based on ~7x our 2018 EBITDA estimate of $163.7 million." (5/17/2017)
• 4. Bank of America Corp analysts commented, "Low valuation is a risk to our call, but low margins leave the company exposed to sharp corrections if sales remain weak." (9/13/2016)

Some companies that are related to Red Robin Gourmet Burgers include Arcos Dorados Holding (ARCO), Bob Evans Farms (BOBE), Sonic (SONC), BJ's Restaurants (BJRI), DineEquity (DIN), Wingstop (WING), Denny's Co. (DENN), Biglari Holdings (BH), Ruth's Hospitality Group (RUTH), Bojangles (BOJA), Fiesta Restaurant Group (FRGI), El Pollo LoCo Holdings (LOCO), Del Taco Restaurants (TACO), Chuy's Holdings (CHUY), Carrols Restaurant Group (TAST), Habit Restaurants (HABT), Fogo De Chao (FOGO) and Del Frisco's Restaurant Group (DFRG).

Red Robin Gourmet Burgers' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.14%), Dimensional Fund Advisors LP (8.43%), Ameriprise Financial Inc. (5.99%), Vanguard Group Inc. (5.20%), INTEGRATED CORE STRATEGIES (US) LLC (5.20%) and Alliancebernstein L.P. (4.09%). Company insiders that own Red Robin Gourmet Burgers stock include Carin Stutz, Glenn B Kaufman, Guy J Constant, Stephen E Carley, Stuart B Brown and Stuart I Oran. View Institutional Ownership Trends for Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers' stock was sold by a variety of institutional investors in the last quarter, including Emerald Advisers Inc. PA, Emerald Mutual Fund Advisers Trust, State of Wisconsin Investment Board, Morgan Stanley, Credit Suisse AG, TIAA CREF Investment Management LLC, Bank of Nova Scotia and Smith Graham & Co. Investment Advisors LP. Company insiders that have sold Red Robin Gourmet Burgers stock in the last year include Stuart B Brown and Stuart I Oran. View Insider Buying and Selling for Red Robin Gourmet Burgers.

Red Robin Gourmet Burgers' stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Ameriprise Financial Inc., Hood River Capital Management LLC, Dimensional Fund Advisors LP, Wells Fargo & Company MN, Highbridge Capital Management LLC, Kennedy Capital Management Inc. and Scopus Asset Management L.P.. Company insiders that have bought Red Robin Gourmet Burgers stock in the last two years include Carin Stutz, Glenn B Kaufman, Guy J Constant, Stephen E Carley and Stuart B Brown. View Insider Buying and Selling for Red Robin Gourmet Burgers.

Shares of Red Robin Gourmet Burgers can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Red Robin Gourmet Burgers stock can currently be purchased for approximately $72.25.