FY2022 Earnings Estimate for Red Robin Gourmet Burgers, Inc. Issued By Jefferies Financial Group (NASDAQ:RRGB)

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) – Equities research analysts at Jefferies Financial Group decreased their FY2022 earnings per share estimates for shares of Red Robin Gourmet Burgers in a research report issued to clients and investors on Monday, January 11th. Jefferies Financial Group analyst A. Slagle now forecasts that the restaurant operator will earn $0.09 per share for the year, down from their prior estimate of $0.16.

Several other research analysts have also commented on RRGB. BidaskClub raised shares of Red Robin Gourmet Burgers from a “hold” rating to a “buy” rating in a research note on Thursday, December 31st. Zacks Investment Research downgraded shares of Red Robin Gourmet Burgers from a “buy” rating to a “sell” rating and set a $21.00 price target on the stock. in a report on Wednesday, January 6th. Raymond James raised shares of Red Robin Gourmet Burgers from a “market perform” rating to an “outperform” rating and set a $26.00 price objective for the company in a research note on Wednesday, January 6th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $15.00 target price (up previously from $12.00) on shares of Red Robin Gourmet Burgers in a research note on Thursday, December 17th. Finally, ValuEngine raised Red Robin Gourmet Burgers from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 6th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $16.33.

Shares of RRGB stock opened at $22.38 on Wednesday. The company has a market cap of $347.83 million, a PE ratio of -1.22 and a beta of 2.40. Red Robin Gourmet Burgers has a 1 year low of $4.04 and a 1 year high of $37.29. The stock’s 50 day simple moving average is $20.26 and its two-hundred day simple moving average is $14.06. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.52 and a quick ratio of 0.40.

Red Robin Gourmet Burgers (NASDAQ:RRGB) last announced its quarterly earnings results on Thursday, November 5th. The restaurant operator reported ($0.19) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.36) by $1.17. The firm had revenue of $200.50 million during the quarter, compared to the consensus estimate of $206.20 million. Red Robin Gourmet Burgers had a negative net margin of 22.56% and a negative return on equity of 52.03%. The firm’s revenue for the quarter was down 31.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.24) EPS.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund grew its stake in Red Robin Gourmet Burgers by 21.0% in the third quarter. Oregon Public Employees Retirement Fund now owns 6,326 shares of the restaurant operator’s stock worth $83,000 after purchasing an additional 1,100 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Red Robin Gourmet Burgers by 33.2% during the third quarter. JPMorgan Chase & Co. now owns 5,838 shares of the restaurant operator’s stock valued at $75,000 after buying an additional 1,454 shares during the period. Public Employees Retirement System of Ohio raised its stake in Red Robin Gourmet Burgers by 53.1% in the third quarter. Public Employees Retirement System of Ohio now owns 4,236 shares of the restaurant operator’s stock worth $56,000 after buying an additional 1,470 shares in the last quarter. American International Group Inc. lifted its holdings in Red Robin Gourmet Burgers by 17.7% during the third quarter. American International Group Inc. now owns 10,684 shares of the restaurant operator’s stock worth $141,000 after buying an additional 1,607 shares during the period. Finally, Comerica Bank lifted its holdings in Red Robin Gourmet Burgers by 18.6% during the third quarter. Comerica Bank now owns 13,941 shares of the restaurant operator’s stock worth $193,000 after buying an additional 2,182 shares during the period. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Red Robin Gourmet Burgers Company Profile

Red Robin Gourmet Burgers, Inc, together with its subsidiaries, develops, operates, and franchises full-service and casual-dining restaurants. The company's restaurants primarily offer burgers; various appetizers, salads, soups, seafood, and other entrees; and desserts, milkshakes, alcoholic and non-alcoholic specialty drinks, cocktails, wine, and beers.

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