Red Robin Gourmet Burgers (NASDAQ:RRGB) Posts Quarterly Earnings Results, Misses Expectations By $0.44 EPS

Red Robin Gourmet Burgers (NASDAQ:RRGB - Get Free Report) issued its quarterly earnings data on Wednesday. The restaurant operator reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.50) by ($0.44), Zacks reports. The business had revenue of $285.23 million for the quarter, compared to analysts' expectations of $285.20 million. During the same period in the previous year, the business earned ($0.66) EPS. Red Robin Gourmet Burgers updated its FY 2025 guidance to EPS.

Red Robin Gourmet Burgers Stock Down 7.4 %

Shares of NASDAQ RRGB traded down $0.45 during midday trading on Friday, reaching $5.63. 892,242 shares of the company were exchanged, compared to its average volume of 409,207. The stock's 50-day moving average price is $5.50 and its 200-day moving average price is $5.10. The stock has a market cap of $97.92 million, a P/E ratio of -1.71 and a beta of 2.65. Red Robin Gourmet Burgers has a one year low of $2.97 and a one year high of $9.20.

Analyst Ratings Changes

RRGB has been the subject of several research reports. CL King upgraded 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 report on Thursday. StockNews.com upgraded shares of Red Robin Gourmet Burgers from a "sell" rating to a "hold" rating in a research report on Friday. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $13.38.

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Insider Buying and Selling

In other Red Robin Gourmet Burgers news, insider Jumana Capital Investments Llc acquired 800,454 shares of Red Robin Gourmet Burgers stock in a transaction that occurred on Tuesday, December 3rd. The shares were bought at an average price of $5.19 per share, with a total value of $4,154,356.26. Following the completion of the purchase, the insider now directly owns 1,614,906 shares in the company, valued at $8,381,362.14. This trade represents a 98.28 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. 3.19% of the stock is currently owned by insiders.

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.