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

Red Robin Gourmet Burgers (NASDAQ:RRGB) 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 the consensus estimate of $285.20 million. During the same quarter 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

Shares of NASDAQ RRGB opened at $5.96 on Thursday. The company’s fifty day moving average is $5.48 and its two-hundred day moving average is $5.09. The firm has a market capitalization of $103.64 million, a P/E ratio of -1.79 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.

Insider Activity at Red Robin Gourmet Burgers

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.

Wall Street Analysts Forecast Growth

Separately, CL King upgraded Red Robin Gourmet Burgers from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a research note on Thursday. One 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 stock presently has an average rating of “Moderate Buy” and a consensus 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.