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.
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