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

Red Robin Gourmet Burgers (NASDAQ:RRGB) announced its earnings results on Wednesday. The restaurant operator reported ($0.94) EPS for the quarter, missing the consensus estimate of ($0.50) by ($0.44), Zacks reports. The company had revenue of $285.23 million during the quarter, compared to analyst estimates of $285.20 million. During the same quarter in the prior year, the firm posted ($0.66) EPS. Red Robin Gourmet Burgers updated its FY 2025 guidance to EPS.

Red Robin Gourmet Burgers Price Performance

Red Robin Gourmet Burgers stock opened at $5.96 on Thursday. The firm’s 50 day simple moving average is $5.48 and its 200-day simple moving average is $5.09. Red Robin Gourmet Burgers has a fifty-two week low of $2.97 and a fifty-two week high of $9.20. The company has a market cap of $103.64 million, a P/E ratio of -1.79 and a beta of 2.65.

Insiders Place Their Bets

In related news, insider Jumana Capital Investments Llc purchased 800,454 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were acquired at an average cost of $5.19 per share, for a total transaction of $4,154,356.26. Following the acquisition, the insider now directly owns 1,614,906 shares in the company, valued at approximately $8,381,362.14. The trade was a 98.28 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.19% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, CL King raised Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 target price on the stock in a report on Thursday. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $13.38.

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.