Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) posted its quarterly earnings data on Wednesday. The restaurant operator reported ($0.94) earnings per share for the quarter, missing the consensus estimate of ($0.50) by ($0.44), Zacks reports. The firm had revenue of $285.23 million during the quarter, compared to analyst estimates of $285.20 million. During the same period in the prior year, the firm earned ($0.66) earnings per share. Red Robin Gourmet Burgers updated its FY 2025 guidance to EPS.
Red Robin Gourmet Burgers Stock Performance
NASDAQ:RRGB traded down $0.45 during trading hours on Friday, hitting $5.63. The company's stock had a trading volume of 892,242 shares, compared to its average volume of 409,207. Red Robin Gourmet Burgers has a 52-week low of $2.97 and a 52-week high of $9.20. The company has a market capitalization of $97.92 million, a PE ratio of -1.71 and a beta of 2.65. The business's 50-day moving average is $5.50 and its two-hundred day moving average is $5.10.
Insider Activity
In other news, insider Jumana Capital Investments Llc purchased 800,454 shares of the company's stock in a transaction dated Tuesday, December 3rd. The stock was acquired at an average price of $5.19 per share, for a total transaction of $4,154,356.26. Following the completion of the transaction, the insider now directly owns 1,614,906 shares in the company, valued at $8,381,362.14. This represents a 98.28 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.19% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on RRGB. CL King raised Red Robin Gourmet Burgers from a "neutral" rating to a "buy" rating and set a $10.00 price objective for the company in a report on Thursday. StockNews.com upgraded Red Robin Gourmet Burgers from a "sell" rating to a "hold" rating in a research note on Friday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $13.38.
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About Red Robin Gourmet Burgers
(
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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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