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Red Robin Gourmet Burgers (RRGB) Scheduled to Post Quarterly Earnings on Wednesday

Red Robin Gourmet Burgers logo with Retail/Wholesale background

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) is set to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Red Robin Gourmet Burgers to post earnings of ($0.87) per share for the quarter. Red Robin Gourmet Burgers has set its FY 2024 guidance at EPS.

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) last issued its quarterly earnings results on Thursday, August 22nd. The restaurant operator reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.41) by ($0.07). The company had revenue of $300.15 million during the quarter, compared to analysts' expectations of $295.57 million. During the same period in the previous year, the business earned ($0.24) earnings per share. On average, analysts expect Red Robin Gourmet Burgers to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Red Robin Gourmet Burgers Trading Down 5.5 %

Shares of RRGB traded down $0.33 during mid-day trading on Thursday, reaching $5.71. The company's stock had a trading volume of 191,819 shares, compared to its average volume of 437,325. Red Robin Gourmet Burgers has a 1-year low of $2.97 and a 1-year high of $12.80. The stock has a market cap of $89.96 million, a P/E ratio of -2.20 and a beta of 2.75. The business has a 50-day simple moving average of $4.53 and a two-hundred day simple moving average of $5.95.

Analyst Ratings Changes

A number of analysts have recently issued reports on RRGB shares. Craig Hallum cut their price objective on Red Robin Gourmet Burgers from $15.00 to $11.50 and set a "buy" rating for the company in a research report on Friday, August 23rd. Benchmark cut their price objective on Red Robin Gourmet Burgers from $18.00 to $16.00 and set a "buy" rating for the company in a research report on Tuesday, August 20th. Finally, Lake Street Capital lowered their target price on Red Robin Gourmet Burgers from $17.00 to $16.00 and set a "buy" rating on the stock in a research note on Friday, August 23rd.

Check Out Our Latest Analysis on RRGB

Red Robin Gourmet Burgers Company Profile

(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.

Further Reading

Earnings History for Red Robin Gourmet Burgers (NASDAQ:RRGB)

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